Adura-EV Announces it retires New Frontier debt

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MENLO PARK, Calif., November 09, 2009—Adura Systems, Inc., the green, electric powertrain company that offers breakthroughs in electric range for medium and large vehicles, today announced that the it has secured bridge financing to retire all previous investments from New Frontier Renewable Energy LLC.


"Adura-EV has experienced incredible progress over this year, developing its IP and a working prototype vehicle” said Marv Bush, president and CEO of Adura Systems. "Adura-EV’s new powertrain technology is validated in our prototype vehicle and we are excited about scaling Adura-EV’s unique powertrain solution into bus class platforms”. “This new financing enables us to be unencumbered from New Frontier Renewable Energy, removes Mr. Jennings CEO of New Frontier from Adura-EV’s Advisory Board and enables us to prepare for expansion into our next phase of development”.


About Adura Systems

Adura Systems, Inc. is the innovator of “new era” electric powertrains for transportation industries.  The company’s Modular, Electric, Scalable Architecture (MESA™) powertrain brings up to 100 miles of pure electric range to mass transportation buses, providing industry breakthroughs in terms of improved fuel economy and exceeding future emissions standards.  MESA is designed for use in series hybrid, all electric and fuel cell mass transportation buses, large utility vehicles and other automotives.  Adura-EV is headquartered in Menlo Park, CA and has offices in Shanghai, China.  For more information, see www.adurasystems.com.


Adura Systems the Adura-EV logo and MESA are trademarks of Adura Systems, Inc.  All other product or service names are the property of their respective owners.


For More Information Contact:

Eileen Elam
KJ Communications, Inc. (for Adura Systems)
(408) 927-7753

eileen@kjcompr.com


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