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    Drive the Revolution: The Hydrogen Car Company's 2004 Hydrogen Shelby Cobra. (PRNewsFoto)[LH]
    LOS ANGELES, CA USA 06/08/2004

    The Hydrogen Car Company Launches the Hydrogen Shelby Cobra

    LOS ANGELES, June 8 /PRNewswire/ -- The Hydrogen Car Company (HCC)
    announces the launch of its flagship vehicle: the Hydrogen Shelby Cobra.
    Conceived and built by legendary automotive icon, Carroll Shelby, the Shelby
    Cobra has captivated the imaginations of automobile enthusiasts all over the
    world since 1962. Operating on a hydrogen internal combustion engine (H2ICE),
    the Hydrogen Shelby Cobra is the result of a partnership between HCC and
    Carroll Shelby Licensing, Inc. (CSL), a wholly owned subsidiary of Carroll
    Shelby International, Inc. (OTC Bulletin Board: CSBI). The first of HCC's
    vehicles available to the public, the Hydrogen Shelby Cobra runs off clean
    burning, domestically generated hydrogen fuel and is available for order
    (Photo: )
    S. David Freeman, HCC's Chairman and clean technology pioneer, states, "We
    have an historic opportunity to fundamentally change the fuel we use to power
    our cars. There is a dominant misperception that something is wrong with
    American cars. It is not the cars that are the problem, but rather the fuel.
    We do not have to wait decades until hydrogen fuel cell vehicles become
    viable. The hydrogen internal combustion engine can help us to end our
    dangerous dependence on fossil fuels today, and it will serve as a bridging
    technology to the fuel cell."
    HCC's vehicles are based not on an experimental technology, but rather on
    the highly developed, one-hundred-year-old internal combustion engine. The
    hydrogen internal combustion engine (H2ICE) uses existing, proven technologies
    to deliver the environmental and fuel security benefits of a hydrogen fuel
    cell, but at a fraction of the complexity and cost. HCC's H2ICE vehicles have
    no Carbon (neither CO nor CO2) and super low Nitrous Oxide (NOX) emissions.
    Furthermore, because the supply of hydrogen is virtually unlimited
    domestically, employing H2ICEs will contribute to fuel security.
    The Hydrogen Shelby Cobra is assembled at Carroll Shelby's engine facility
    in Gardena, CA. It has the superb power and drivability associated with the
    Shelby Cobra. These Shelby CSX 4000 Series Hydrogen Cobras come with the
    option of a Shelby 427 FE V8, 7.8 liter H2ICE or a Ford 351 V8, 5.8 liter
    H2ICE and either a composite or aluminum body and begin at $149,000.
    HCC has been invited to display the Hydrogen Shelby Cobra during the
    West-coast leg of this summer's Lollapalooza tour, the educational component
    of which ("The Revolution Solution") will focus on clean technologies and
    transportation. HCC has committed to the following cities and dates: San
    Francisco, CA, July 17-18 and Ventura, CA, July 22-23. Following
    Lollapalooza, HCC will also have a press preview event on July 29 at Carroll
    Shelby's engine facility in Gardena, CA. HCC expects to make available to
    consumers a hydrogen version of the Shelby Series 1 as well as a line of H2ICE
    Ford Trucks and Sport Utility Vehicles (SUVs) in early 2005.
    Hydrogen-powered vehicles will utilize an expanding refueling
    infrastructure that is being developed throughout California and the U.S. In
    California alone, there are 14 stations and an additional 16 are scheduled to
    come on line in 2004-2005. Supporting their development, California Governor
    Schwarzenegger recently signed an Executive Order creating a public-private
    partnership to realize the "hydrogen highway," which will result in 170
    stations being added to the state's major freeways by 2010. Illinois has also
    announced a "hydrogen highway" plan and other states are poised to follow.
    HCC's strategic partner is Stuart Energy Systems Corporation
    (Toronto: HHO), the world's leading developer and supplier of integrated
    hydrogen infrastructure solutions, including hydrogen fueling stations, that
    generate hydrogen fuel from water electrolysis. HCC will offer its customers
    the option of bundling a H2ICE vehicle with a Stuart Energy Station for
    fueling. Commenting on the launch of the Hydrogen Shelby Cobra, Jon
    Slangerup, President and CEO of Stuart Energy, said, "Stuart Energy is excited
    to team with two legends, Carroll Shelby and David Freeman, in this
    groundbreaking initiative. We believe the commercialization of H2ICE vehicles
    will accelerate the demand for our innovative hydrogen infrastructure
    products." For more information on Stuart Energy, call 905.282.7700 or visit
    Carroll Shelby International, Inc. is the parent company of Shelby
    Automobiles and Carroll Shelby Licensing. Shelby Automobiles, Inc. is
    manufacturing high-performance Shelby vehicles under the guidance of the
    legendary Carroll Shelby and will be involved in prototype manufacturing,
    design, and engineering projects; and plans to increase production and
    availability of these Shelby products through an expanded dealer network and
    direct sales under a license agreement with Carroll Shelby Licensing, Inc.
    For more information, call 702.325.4851 or visit the company's web site at
    Carroll Shelby Licensing, Inc., founded in 1988, is the exclusive holder
    of automotive manufacturer and entrepreneur Carroll Shelby's trademarks and
    vehicle design rights, which include some of the world's most famous muscle
    cars and high-performance vehicles, including the car that brought home to the
    U.S. its first and only FIA World Manufacturers Championship in 1965, the
    famous Shelby Cobra Daytona Coupe. It also holds the trademark rights for
    Shelby-branded apparel, accessories, and collectables. For additional
    information about the company or licensing opportunities, call 310.914.1843,
    fax 310.914.1853, or visit or

    For further information or to attend a press preview in Los Angeles or New
    York, please contact HCC's Director of Media, Amber Clapp 646.567.8114 or, or visit Photos are available up

    Certain statements in this news release may contain forward-looking
    information within the meaning of Rule 175 under the Securities Act of 1933
    and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to
    the safe harbor created by those rules. All statements, other than statements
    of fact, included in this release, including, without limitation, statements
    regarding potential future plans and objectives of the company, are
    forward-looking statements that involve risks and uncertainties. There can be
    no assurance that such statements will prove to be accurate and actual results
    and future events could differ materially from those anticipated in such

    SOURCE The Hydrogen Car Company
    Web Site:
    Photo Notes: NewsCom: AP Archive: PRN Photo Desk,