EVO Electric Technology Powers New Electric Supercar

WOKING, England, January 14 - EVO Electric, a leader in the design, development, production, and
sales/licensing of electric drive solutions for the automotive sector,
announced today that its advanced Axial Flux motor technology was selected to
power the Radical SRZero, an electric supercar unveiled today at Autosport
International 2010 in Birmingham, England. The SRZero is powered by two EVO
AFM motors, which offer unparalled perfor­mance in terms of power, torque,
weight, size, efficiency, reliability and durability. Radical Sportscars, the
Peterborough-based sportscar manufacturer, worked with Imperial College
London's Racing Green Endurance team to develop this all-electric supercar,
and the results are stunning. The Radical SRZero has a top speed of 190 km/h
with capability to accelerate from 0 to 60 miles per hour in 3.5 seconds. The
supercar will be demonstrated in a number of events, culminating with a
26,000km (16,000 mile) endurance trip from Argentina to Alaska later this
year. The Radical SRZero aims to be the world's most focused, fun-to-drive
electric vehicle.

EVO technology is also featured at the International Boat Show in London
(8-17 of January). EVO was selected to supply motors for the "Fast Electric",
an all-electric boat designed by Patterson Boatworks, a specialist builder of
luxury and racing boats. The boat is available for purchase from Patterson
and Bates Wharf Marine Sales Ltd.

"Motorsports and luxury boating are a great way of demonstrating the
capabilities of EVO technology", commented David Latimer, CEO of EVO
Electric. "Many technologies are first implemented in motorsports and other
niches before migrating to the larger but more cost-sensitive mainstream
vehicle market segments. We believe the same will happen with hybrid and
electric vehicle technologies including EVO's advanced electric motors and
generators, which are also being implemented in other near-term applications
such as commercial and military vehicles."

About EVO Electric

EVO Electric Limited (www.evo-electric.com) develops and
manufactures advanced electric machines, drive systems and other integrated
products for a wide range of transportation and mobile power applications.
Our core competence is the development, design and integration of high torque
electric motors and generators based on Axial Flux technology, an ultra
efficient, low weight alternative to conventional radial flux machines. Axial
Flux motors and generators are particularly relevant to hybrid and electric
vehicle applications, enabling automotive OEMs and systems integrators to cut
the cost, weight, size, complexity and power requirements of electric
powertrains.

EVO is backed by Imperial Innovations plc (AIM: IVO) which creates,
builds and invests in pioneering technologies. Imperial Innovations supports
scientist-entrepreneurs in the commercialisation of their ideas and has
exclusive access to scientific and technological developments coming out of
Imperial College London, one of the world's leading research institutions.

Contacts and links

For more details about this release, please contact EVO Electric, at
+44(0)1483-745-010, info@evo-electric.com

For more information on Racing Green Endurance please contact Colin
Smith, Press Officer, Imperial College London, at +44(0)20-7594-6712 or
cd.smith@imperial.ac.uk.

For more information on Radical Sportscars:
www.radicalsportscars.com

For more information on Patterson Boatworks:
www.pattersonboatworks.co.uk

For more details about this release, please contact EVO Electric, at +44(0)1483-745-010, info at evo-electric.com; For more information on Racing Green Endurance please contact Colin
Smith, Press Officer, Imperial College London, at +44(0)20-7594-6712 or cd.smith at imperial.ac.uk.