CODA PARTNERS WITH AMPORTS TO ASSEMBLE ALL-ELECTIC VEHICLES

09/02/11

September 12,2011 – Los Angeles, CA

CODA Holdings, a California based leading developer of advanced Lithium-ion power battery systems for its all-electric CODA sedan, EV propulsion system and stationary energy storage applications announced that they will be partnering with AMPORTS to assemble CODA all-electric vehicles in Benicia, California beginning late this year.

“We are excited to be working with AMPORTS in Benicia for final assembly,” said Phil Murtaugh, CEO of CODA Holdings “They have a reputation in the industry for a high quality standard, have an excellent workforce, and we see Northern California as a key market for CODA, so their location was ideal from a distribution standpoint.”

Located just 30 miles north of San Francisco, the Benicia AMPORTS facility will install CODA’s Central Powertrain Unit among other components, robust vehicle safety and quality inspection, and prepare vehicles for distribution to customers, stores and dealers.

The CODA all-electric vehicle is a 4-door, 5-passenger sedan with a range of up to 150 miles per charge. Customers interested in testing driving a CODA can visit its first CODA Experience Center located in the Westfield Shopping Center in Century City. Additional stores and point of purchase are scheduled to open later this year.

About AMPORTS:

For over 50 years, AMPORTS has been a leader in the automotive processing industry and has 11 full-service locations in North America, which processes over one million vehicles annually. With six United States facilities located near terminals with easy access to rail and trucking hubs, AMPORTS offers real time vehicle tracking and state-of-the-art technology. Keeping in line CODA’s commitment to the environment, AMPORTS features recycled water in their vehicle washing facilities, recycled paper for processing and incorporates cutting –edge equipment into both the business and production processes. In Northern California, AMPORTS is also active on the boards of the Green Ports Steering Committee for San Francisco and Harbor Safety Committee, which is in line with the City of Benicia’s dedication to sustainability and the environment.

About the CODA EV:

The four door, five passenger, all-electric CODA delivers the utility of a modern sedan, with the largest trunk in its class and the flexibility of 60/40 fold down rear seats. Every CODA comes with Alpine all-in-one audio, video and navigation system. Also standard, are Bluetooth, a touch screen, connections for iPhone, iPod and MP3 players, a GreenScreen system that monitors driving efficiency and energy consumption. With a powertrain that features 134 horsepower and 221 lb-ft of torque, a regenerative braking system, and an air-cooled active thermal management system, the CODA easily accelerates to a top speed of 85 mph. The class leading 36kWh battery pack that sits between the front and rear axle provides the CODA sedan optimal performance through balanced weight distribution and a low center of gravity, and a 6.6 kW onboard charger that charges twice the speed of competitors, providing consumers a full charge from empty in 6 hours, which will provide a range of up to 150 miles, and an average commute distance of up to 50 miles in just two hours.

About CODA Holdings:

Headquartered in Los Angeles, California, CODA Holdings is a leading developer of advanced Lithium-ion power battery systems comprised of three key divisions: CODA Automotive, CODA EV Propulsion Systems and CODA Energy. Together with its JV partners, CODA is working to reduce dependence on oil and leading the way to a cleaner future through its electric vehicles and stationary energy storage products. The first consumer product available will be a zero emission four-door, five-passenger EV sedan with a full-size trunk that is designed to meet American drivers' daily transportation needs. For more information on the CODA sedan, visit www.codaautomotive.com.