HPEV, Inc., a development stage company, focuses on the development and commercialization of thermal dispersion technologies in various product platforms worldwide. The company has developed and intends to commercialize an electric load assist technology around which the company has designed a vehicle retrofit system. In preparation, it has applied for trademarks for one of its technologies and its acronym. The company has two trademarks in the application process, such as HPEV and TEHPC. The markets for products utilizing the company’s technology include consumer, industrial, and military markets, both in the U.S. and internationally. Its initial target markets include those involved in moving materials and moving people, such as motors/generators; mobile auxiliary power; compressors; turbines (wind and micro); bearings; electric vehicles, including rail, off-highway, mining, delivery, and refuse; brakes/rotors/calipers; pumps/fans; passenger vehicles, including auto, bus, train, and aircraft; commercial vehicles, including SUV, light truck, tram, and bucket truck; military, including boats, humvee, truck, and aircraft; and marine, including boats ranging in size from 30 feet to 120 feet and beyond. The company’s patent portfolio covers the application and integration of its heat pipes into various cooling schemes for enhanced heat removal in motors, generators, and various other industrial applications, including marine, aviation, and military. The company has also developed proprietary Electric Load Assist (ELA) technology. It has a proprietary gearing system for its ELA, which might also be used to power an on-board generator. Its ELA technology is compatible with any manufacturer, as well as any power source, including traditional gasoline/diesel engines, compressed natural gas, batteries, and fuel cells. The company intends to commercialize its patents by licensing its thermal technologies and applications to electric motor, pump and vehicle component manufacturers; by licensing or selling a mobile electric power system powered by the company’s proprietary gearing system to commercial vehicle and fleet owners; and by licensing a plug-in hybrid conversion system for heavy duty trucks, buses, and tractor trailers to fleet owners and service centers. The company also intends to incorporate heat pipes in vehicle components, which generate heat, such as brake calipers, resistors, and rotors. Intellectual Property As of March 28, 2014, the company owned five patents and had five patent applications pending in the area of composite heat structures, motors, and related structures, heat pipe architecture, applications, and a parallel vehicle platform. Research and Development During the year ended December 31, 2013, the company incurred research and development costs of $480,160.
hpev inc (WARM:OTC US)
8875 Hidden River Parkway
Tampa, FL 33637
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