2009-06-01 17:33:07 -

CalMotors, makers of high performance hybrid and electric powertrains, today announced its strategic alliance with Parker Hannifin Corporation to produce fully integrated powertrain solutions for the automotive and marine industries.

Parker Hannifin Corporation has a long and highly respected history of producing superior products using the highest standards of quality and performance. Its motor and control solutions have led the industrial

market for decades and have proven to be extremely reliable and cost effective. “For years, we have searched for a manufacturing partner that could adhere to our uncompromising standards for quality and performance” said Mike Kasaba, CEO of CalMotors, “and after two years of discussions with Parker, we believe that not only have we found a manufacturer with the best record of quality, but also an agile and forward-thinking company ready to move quickly as we lead the industry with our high performance hybrid and electric powertrain products.”

“We have been looking for a clean technology automotive industry leader for some time” said Jim Hoelscher, General Manager of Parker SSD, “CalMotors clearly has the automotive experience that complements our strengths in motors, inverters, systems design and manufacturing. We are excited about the opportunities in hybrid and electric vehicles and are directing a sizeable commitment of resources toward our alliance with CalMotors.”


About CalMotors.

CalMotors develops fully integrated hybrid and electric powertrains.

CalMotors has designed, engineered, fabricated and tested several advanced technology vehicles for military, commercial, and consumer applications. For more information, please visit www.CalMotors.com : .

About Parker Hannifin Corporation.

With annual sales exceeding US$12 billion in 2008, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial, and aerospace markets.
The company employs more than 62,000 people in 48 countries around the world. Parker has increased its annual dividends paid to shareholders for 53 consecutive years, among the top five longest running dividend – increase records in the S&P 500 index. For more information, visit the company's web site at www.parker.com : , or its investor information site at www.phstock.com : .

CalMotorsShirley Budge, 805-388-5535 Shirley@CalMotors.com : mailto:Shirley@CalMotors.com