Article: EFC Announces Development of New EV Company.(Electric Fuel Corp., electric vehicle company Electric Fuel Transportation Corp.)(Brief Article)

Electric Fuel Corporation (EFC) recently announced a plan to form a dedicated electric vehicle (EV) company. The new wholly-owned

subsidiary, to be called Electric Fuel Transportation Corporation, will focus on commercializing EFC's "zero-emission zinc-air all-electric hybrid transportation system."

EFC said its zinc-air fuel cell technology has been demonstrated in several projects -- including a full-sized transit bus -- as being capable of providing fast refueling. In addition, the technology has been found to provide a "clean drive range" of over 250 miles.

EFC said it is also in preliminary discussions with several financial institutions ...

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