HPEV Announces New Strategic Advisory Board Led by Recently Retired Emerson Electric Heavyweight

TAMPA, FL--(Marketwired - Jan 16, 2014) - HPEV, Inc. ( OTCQB : WARM ), an innovator in energy efficiency and heat removal technologies, announced today the formation of its new Strategic Advisory Board, as well as its first and principal board member Dick Schul. The Advisory Board is an integral part of HPEV's overall strategic business plan. Board members will provide valuable perspective and recommendations to the executive team at HPEV in the areas of product guidance, customer development, sales and territory expansion.

Dick Schul is a 43 year motor/generator veteran and industry insider. He recently retired from Emerson Electric as Group Vice President of Emerson Climate Technologies. Dick started his career in the electric motor industry in 1969 with Westinghouse Electric as an application engineer, plant quality manager and application engineering manager. Dick joined Emerson in 1981, and held positions of increasing responsibility throughout his tenure including: Marketing Manager, Director of Marketing and Vice President of Marketing for Emerson Motors through 1989. In 1990, he was named President of Alco Controls Division of Emerson; in 1997, President of Emerson's Air Moving Motors Division; in 1998, President of Specialty and Air Moving Motors; in 2000, Group Vice President of Emerson's Commercial Industrial Motors group; and in 2004 Group VP of Climate Technologies.

"HPEV has a revolutionary technology and I'm excited about the impact it is having on the industrial motor/generator industry. HPEV's technology provides a viable and cost effective heat removal solution that will produce major increases in product power and profits for manufacturers. It will be a pleasure to work with the executive team and the soon-to-be-named distinguished members of the Advisory Board to help bring the benefits of HPEV's solutions to the industry."

Timothy Hassett, CEO of HPEV, Inc. says: "We are ecstatic to have such a savvy and accomplished professional on board taking a key role on our Advisory Board to assist in advancing our overall mission and goals. Dick has had an incredible career and he's extremely well known in the industry. He is as passionate about the impact HPEV OEM solutions bring to the motor/generator industry as I am, and he shares our vision for the future."

About HPEV, Inc.

HPEV, Inc. is an intellectual property and product development company that employs a license and royalty model. The company has expertise in thermal dispersion technologies and their application to various product platforms. The Company is currently commercializing its patented thermal technology and has additional patents-pending for various OEM applications of its proprietary heat removal technologies. The markets that will be addressed by these technologies include myriad industries such as pumps, fans, compressors, batteries, motors, generators and bearings.

Safe Harbor Statement.

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on plans and expectations of management and are subject to uncertainties and risks that could affect the company's plans and expectations, as well as results of operations and financial condition. A listing of risk factors that may affect the company's business prospects and cause results to differ from those described in the forward-looking statements can be found in company reports and documents filed with the Securities and Exchange Commission. The company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.