FOR IMMEDIATE RELEASE CONTACT:
NOVEMBER 23, 2012 Mary Beth Hutchins or Briton Bennett
202-499-4232
XP TECHNOLOGY RETAINS CAUSE OF ACTION TO FIGHT ENERGY DEPARTMENT CRONYISM
WASHINGTON – Cause of Action, a government accountability organization, now represents San Francisco-based XP Technology in its November 14, 2012 lawsuit against the federal government concerning the U.S. Department of Energy’s denial of XP Technology’s loan guarantee application under the Advanced Technology Vehicles Manufacturing (AVTM) loan program.
XP Technology’s complaint, filed in the U.S. Court of Federal Claims, alleges that “corruption and negligence” pervaded DOE’s decision to award loan guarantees to Ford, Nissan, Tesla Motors, and Fisker Automotive for the development of electric vehicle technology.
“The Department of Energy has acted in an arbitrary and capricious manner at the expense of American small businesses that have sought to reduce our country’s dependence on foreign oil,” asserted Scott Douglas Redmond, XP’s lead investor.
About XP Technology:
In development for nearly a dozen years, with millions of dollars in resources already invested, XP Technology., is on a mission is to develop the safest, most affordable vehicle with the lowest total cost of operation (TCO) and the best power-to-weight ratio powered by alternative energy. The battery pack is capable of dramatically exceeding the range of any shipping electric vehicle with four passengers. However, it could reach 300 miles with the continuous and hot-swappable charge of an optional XP Auxiliary Power Unit. For more information on XP Vehicles, please visit www.xpvehicles.com.
About Cause of Action:
Cause of Action is a nonprofit, nonpartisan organization that uses investigative, legal, and communications tools to educate the public on how government accountability and transparency protects taxpayer interests and economic opportunity. For more information, visit www.causeofaction.org.
All legal inquiries should be directed to Cause of Action’s Executive Director, Dan Epstein, at 202-400-2720. Media inquiries should be brought to the attention of Mary Beth Hutchins, mary.beth.hutchins@causeofaction.org or Briton Bennett, briton.bennett@causeofaction.org.
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