Monthly Archives: August 2012

NJ Biotechnology Industry Continues to Grow; Number of Companies and Employees Increasing

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TRENTON, N.J.--(BUSINESS WIRE)--

The biotechnology industry in New Jersey continues to demonstrate vitality, experiencing important increases in both the number of companies operating in the State and the number of employees working for those companies, according to the results of a survey conducted by Ernst & Young on behalf of BioNJ. The survey also confirmed data derived from previous BioNJ surveys which indicate that access to funding remains the primary challenge impacting the growth of early-stage companies.

The number of biotechnology companies with operations in New Jersey increased from more than 300 in a previous BioNJ study in July 2010 to more than 340 today, representing an increase of more than 13 percent, according to the study, Biotech in New Jersey: Finding Its Way Through Continuing Challenges.

The number of employees working directly at those New Jersey biotechnology companies also increased, rising 9.3 percent in the last two years, from approximately 15,000 employees in July 2010 to an estimated 16,400 in 2012.

The full report is available at: http://www.bionj.org/wp-content/uploads/2012/08/1207-1376406-BCNJ-survey-2012-8-1final.pdf

We are thrilled to see that the biotechnology industry in New Jersey continues to grow despite the ongoing issues facing the national and international economies, said Debbie Hart, President of BioNJ. Keeping with past reports, growth in New Jersey is coming from both within the State in the form of new company formations; spinouts from other companies and our universities; and from companies relocating to New Jersey from other states and other countries, with the latter taking on increasingly more prominence.

Hart said the growth is the result of several factors that include access to a variety of life science companies operating in New Jersey, a strong academic environment, an experienced and highly educated workforce and the long-term support of State government, which Governor Chris Christie and Lt. Governor Kim Guadagno and their Administration have built upon through several new initiatives.

Todays good news about the continued growth of New Jerseys biotechnology industry is not unexpected, said New Jersey Lt. Governor Kim Guadagno. Early on, this Administration identified life sciences as a critical driver of the Garden State economy, taking action to increase investment through comprehensive tax reform and enhancing financial incentives for these companies. More than ever, we remain firmly committed to the expansion of the industry to ensure New Jerseys well-earned reputation for life science excellence.

Study Highlights

Among the highlights the survey reports:

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NJ Biotechnology Industry Continues to Grow; Number of Companies and Employees Increasing

Grey's Anatomy Exclusive: Debbie Allen to Direct Again in Season 9

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Debbie Allen

Debbie Allen is returning to Grey's Anatomy!

Allen, who portrays Jackson Avery's (Jesse Williams) mother Catherine on the ABC medical series, will be directing the third episode of the upcoming season, TVGuide.com has learned exclusively.

The ninth season picks up two to three months after the Stranded Six Five (RIP Lexie!) were rescued after a plane crash. "You see the aftermath of what happened," executive producer Shonda Rhimes recently told us. "You're left with some questions as to how this happened and 'Why is this the way it is?' and 'Why is that the way it is?'"

Grey's Anatomy's Shonda Rhimes talks Season 9: Time jumps, new locations and new docs!

The second episode will jump back in time to answer those questions, while the Allen-directed episode will jump back to the present timeline, which will find some doctors outside of Seattle Grace with new jobs.

This is Allen's fifth time stepping behind the camera on Grey's Anatomy. There's no word on whether Catherine Avery, who was last seen having a fling with Richard Webber (James Pickens Jr.) will also appear in the episode.

Grey's Anatomy returns Thursday, Sept. 27 at 9/8c on ABC.

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Grey's Anatomy Exclusive: Debbie Allen to Direct Again in Season 9

NanoRacks Is The UPS Of Outer Space Shipping

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Private companies, educational institutions, and other organizations who send experiments aboard the International Space Station face a challenge: Each experiment sent aboard the ISS requires extensive safety and security checks--and about 1,000 pages of documentation. In the past few years, a handful of companies worldwide have started handling all those details for space entrepreneurs. They're the FedExes and DHLs for posting packages beyond Earth.

NanoRacks, one of the first companies to enter the field, operates the first commercial laboratory in space aboard the ISS and a panel laboratory that's attached to the space station. For the price of $30,000 for educational institutions or $60,000 for commercial entities, Nanoracks handles all the logistics related to sending experiments into space. The small, for-profit company will handle the paperwork, find transportation among the many vehicles headed to the ISS, install the experiment, and take care of all governmental relations for would-be space experimenters. The standard Nanorack experiment stays in space for 30 days.

The company has delivered 41 payloads to the ISS so far and has another 80 under contract, Jeffrey Mamber, NanoRacks' managing director, tells Fast Company. Nanoracks formed in late 2009, and recognized that utilization of the Space Station could be used as a commercial pathway. If we could market commercial services for the International Space Station, we'd find a market. We signed a Space Act Agreement with NASA on September 9, 2009 and self-financed everything for the first two years, to show there is a market. We are the world's first private laboratory in space, and we created a pathway and infrastructure that didn't exist before.

Besides NanoRacks, several other companies also offer outer space logistics solutions for international clients. According to the managers of the United States' lab aboard the ISS, the Center for the Advancement of Science in Space (CASIS), organizations sending payloads to the space station have multiple logistics options (PDF). These companies, such as Astrium, Astrotech, Bionetics, and Thales Alenia Space, form part of a tightly knit ecosystem of space logistics experts. Employees at the firms help clients with the highly complicated space travel process, as well as navigating the byzantine bureaucracies of NASA and its worldwide counterparts.

According to Mamber, NanoRacks wants to be a concierge to the stars for its clients that streamlines the NASA integration process [...] It takes nine months from contract signing to launch. We take care of everything with NASAaccess to laboratory space, the launch vehicle, deployment, everything. NASA doesn't want to deal with consumer payloads, but we do.

The primary NanoRacks lab, one of two turnkey commercial labs on the ISS, consists of proprietary equipment based around a series of plug-and-play modules. The second lab is actually located on a small external platform attached to the ISS, which gives experimenters access to outer space itself. The company's clients have included a variety of American educational institutions (including many high schools recruited through the Student Spaceflight Experiments Program), the Israeli Air Force's Fisher Institute for Air and Space Strategic Studies, plus numerous commercial clients. Although manifests are available online, Mamber said that many private clients are circumspect about making details of their experiments public--many involve trade secrets as well as sensitive information.

However, sometimes information about experiments is promoted to the public. Scotland's Ardbeg whisky distillery worked with NanoRacks to conduct space experiments on their signature product. Using NanoRacks' facility, the distillery tested the behavior of flavor-altering organic compounds called terpenes in zero gravity.

Most companies working in for-profit space travel coordinate their activities, Esther Dyson, an early investor in NanoRacks, tells Fast Company. "Almost all of us work together via the Commercial Space Federation on common issues, such as regulations, raising investor interest (though we compete when it comes to actually raising the money!), encouraging space ports and the like.

NanoRacks primarily sends clients' experiments into space via government space vehicles, but recently hitched a ride aboard the private SpaceX Dragon (where an error caused students' payloads to lose critical refrigeration during the transportation process.) Shipping space is booked via NASA and the company works extensively with the space agency's staff and various space centers. Next up for NanoRacks is an iPhone-based space research platform.

[Image: NanoRacks]

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NanoRacks Is The UPS Of Outer Space Shipping

See the International Space Station in night sky this week

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By Scott Dance

10:34 a.m. EDT, August 6, 2012

Opportunities to watch the International Space Station fly over Maryland arise in the coming days.

Viewing opportunities only occur sporadically, based on the spacecrafts orbit route and its position relative to the sun and Earth. They often occur during daylight hours or when most of us are asleep, and the space station's appearance is often too faint to be seen.

When it is visible, the space station zips across the sky, appearing as a bright, steadily moving light.

Here are three viewing opportunities this week that fall during normal waking hours:

On board are some fresh crew members. Three crew members left, including NASA astronaut Jim Pettit, and three joined, including NASA astronaut Sunita Williams, who is an alumna of the U.S. Naval Academy in Annapolis.

Have a weather question? E-mail me at sdance@baltsun.com or tweet to @MdWeather.

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See the International Space Station in night sky this week

Thunderclouds Make Gamma Rays–and Shoot Out Antimatter, Too (preview)

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Feature Articles | More Science See Inside

Thunderstorms give out powerful blasts of gamma rays and x-rays, shooting beams of particlesand even antimatterinto space. The atmosphere is a stranger place than we ever imagined

By Joseph R. Dwyer and David M. Smith | August 6, 2012|

Image: STEPHEN ALVAREZ Getty Images

Soon after the space shuttle atlantis launched a new observatory into orbit in 1991, Gerald Fishman of the NASA Marshall Space Flight Center realized that something very strange was going on. The Compton Gamma Ray Observatory (CGRO), designed to detect gamma rays from distant astrophysical objects such as neutron stars and supernova remnants, had also begun recording bright, millisecond-long bursts of gamma rays coming not from outer space but from Earth below.

Astrophysicists already knew that exotic phenomena such as solar flares, black holes and exploding stars accelerate electrons and other particles to ultrahigh energies and that these supercharged particles can emit gamma raysthe most energetic photons in nature. In astrophysical events, however, particles accelerate while moving almost freely in what is essentially a vacuum. How, then, could particles in Earth's atmospherewhich is certainly nowhere close to being a vacuumbe doing the same thing?

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Thunderclouds Make Gamma Rays--and Shoot Out Antimatter, Too (preview)

Barrios employee named Space Flight Awareness honoree

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Barrios employee Zane Goff was recently honored as a Space Flight Awareness (SFA) honoree for his work in support of NASAs International Space Station (ISS) programs at Johnson Space Center. As part of the SFA award, Goff traveled to Kennedy Space Center in Florida to view the recent arrival of the Orion Exploration Flight Test (EFT-1) flight vehicle on July 2.

Mr. Zane Goff, a Friendswood resident, was selected to receive this award for his outstanding technical leadership on the International Space Station Enhanced Processor and Integrated Communications (EPIC) development. The new EPIC card development and testing enhanced and increased the processing speed and memory capability of the ISS on-orbit Command and Control System computers. Goffs citation stated that he provided exemplary integration support for the EPIC hardware and was instrumental in resolving hardware/software integration issues that arose by providing workable solutions.

I am honored to be recognized for these efforts, said Goff. I am very proud to work in this program and with many dedicated friends and teammates. Space is no longer a dream because we build the machines that make it a reality.

As an SFA honoree, Goff traveled to Kennedy Space Center where he attended the ceremony celebrating the arrival of the Orion EFT-1. The Orion EFT-1 spacecraft, which will fly an uncrewed flight in 2014, will undergo final processing at KSC, including application of heat shielding thermal protection systems, avionics and other subsystems.

The SFA Program is a NASA managed motivational program geared at ensuring that every employee involved in human space flight is aware of the importance of their role in promoting astronaut safety and mission success in the critical, challenging task of flying humans in space by communicating and educating the government and industry workforce about human space flight.

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Barrios employee named Space Flight Awareness honoree

NASA: Mars Curiosity Beams First High-Res Pic

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In an almost giddy late-night press conference, the NASA Mars laboratory Science team celebrated the Curiosity Rover's successful landing on a "nice, flat spot -- beautiful, really beautiful" on Mars. It's a patch of dusty land that's since been immortalized in a couple of low-resolution thumbnails that arrived at mission control moments after Curiosity touched down. Now there's a new pic -- and ...

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NASA: Mars Curiosity Beams First High-Res Pic

NASA rover Curiosity makes historic Mars landing, beams back photos

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PASADENA, California (Reuters) - NASA's Mars science rover Curiosity performed a daredevil descent through pink Martian skies late on Sunday to clinch an historic landing inside an ancient crater, ready to search for signs the Red Planet may once have harbored key ingredients for life. Mission controllers burst into applause and cheers as they received signals confirming that the car-sized rover ...

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NASA rover Curiosity makes historic Mars landing, beams back photos

NASA Is the Government's One True Viral Hit Factory

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NASA may only consume 0.5 percent of the federal budget, but it generates practically all of Uncle Sam's viral marketing buzz. Never was that more apparent than on Monday morning following the successful Mars landing of Curiosity, the biggest and most advanced spacecraft ever dispatched to another planet. In an explosion of tweets, Tumbls, status updates, and blog posts, the Internet showed its ...

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NASA Is the Government's One True Viral Hit Factory

Indian Market for Orthopedic Soft Tissue Repair & Sports Medicine

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NEW YORK, Aug. 6, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Indian Market for Orthopedic Soft Tissue Repair & Sports Medicine

http://www.reportlinker.com/p0943294/Indian-Market-for-Orthopedic-Soft-Tissue-Repair--Sports-Medicine.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Orthopedic

The Indian market for orthopedic soft tissue repair and sports medicine exceeded $17 million in 2011.

The orthopedic soft tissue repair and sports medicine market includes shoulder repair (rotator cuff and shoulder labrum repair), knee repair (anterior and posterior cruciate ligament fixation products and meniscal repair devices) and hyaluronic acid viscosupplementation. The market was not affected by the financial crisis in 2011 and will continue growing rapidly with the rise in sports medicine surgeons and awareness of the sports medicine field.

This report includes information about:

Indian Shoulder Repair Market

Indian Knee Repair Market

Indian Hyaluronic Acid Viscosupplementation Market

This report provides a comprehensive and detailed analysis of market revenues by device type, market forecasts through 2018, unit sales, average selling prices, market drivers and limiters and a detailed competitive analysis, including manufacturer market shares and product portfolios.

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Indian Market for Orthopedic Soft Tissue Repair & Sports Medicine

Foundation Medicine and Clovis Oncology Announce Diagnostic Collaboration

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CAMBRIDGE, Mass. & BOULDER, Colo.--(BUSINESS WIRE)--

Foundation Medicine, Inc. and Clovis Oncology, Inc. (CLVS) announced today that they have entered into a diagnostic collaboration. The goal of the collaboration is to develop an in-vitro diagnostic (IVD) to identify biomarkers to select cancer patients most likely to respond to Clovis product candidate rucaparib, a poly (ADP-ribose) polymerase (PARP) inhibitor currently in Phase I/II clinical development.

We are pleased to collaborate with Foundation Medicine, said Patrick J. Mahaffy, president and CEO of Clovis Oncology. This continues our commitment to developing targeted therapies with companion diagnostics to identify the patients most likely to benefit from our therapeutics. Foundation Medicines leadership in next generation sequencing and genomic analysis make them an ideal partner to work with us on our rucaparib program.

Foundation Medicine and Clovis Oncology will analyze the genomic alterations found in tissue samples from patients to evaluate the feasibility of developing an IVD method to identify patients who have tumors more likely to respond to rucaparib.

In particular, the goal of the collaboration is to identify the additional genetic mutations beyond those in germ-line and somatic BRCA that are associated with defective DNA repair and may define appropriate tumor targets for rucaparib. In high-grade serous ovarian cancer, for example, this study has the potential to increase the percentage of ovarian cancer patients potentially eligible for rucaparib therapy from the 15 percent typically found to have germ-line mutations of BRCA to an estimated 40 to 50 percent who have DNA repair deficiencies caused by somatic mutations in a variety of genes.

Foundation Medicines core capability is the translation of genomic insights into clinically actionable information, said Michael J. Pellini, M.D., president and CEO of Foundation Medicine. But even the most in-depth genomic profile for a patient is only as actionable as the available and relevant targeted therapies. Therefore, we are working to help expand the universe of targeted therapeutic options. Clovis Oncology, a recognized leader in patient-specific oncology drug development, is an ideal partner in this mission.

About Clovis Oncology

Clovis Oncology, Inc. is a biopharmaceutical company focused on acquiring, developing and commercializing innovative anti-cancer agents in the U.S., Europe and additional international markets. Clovis Oncology targets development programs at specific subsets of cancer populations, and simultaneously develops diagnostic tools that direct a compound in development to the population that is most likely to benefit from its use. Clovis Oncology is headquartered in Boulder, Colorado, and has additional offices in San Francisco, California and Cambridge, UK.

About Foundation Medicine

Foundation Medicine is a molecular information company dedicated to a transformation in cancer care in which treatment is informed by a deep understanding of the genomic changes that contribute to each patients unique cancer. The companys initial clinical product, FoundationOne, is a fully informative genomic profile to identify a patients individual molecular alterations and match them with relevant targeted therapies and clinical trials. Foundation Medicines molecular information platform aims to improve day-to-day care for patients by serving the needs of clinicians, academic researchers and drug developers to help advance the science of molecular medicine in cancer. For more information, please visit http://www.foundationmedicine.com.

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Foundation Medicine and Clovis Oncology Announce Diagnostic Collaboration

Medical school update to come tonight

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ABINGDON, Va. --

The Abingdon Town Council is scheduled to hear a presentation tonight from Tariq Zaidi, interim president and CEO for the proposed King School of Medicine, tonight.

Nearly two weeks ago, Zaidi spoke before the Washington County Board of Supervisors and got a mixed reaction of optimism and uncertainty.

Zaidi said the project, which is backed by the county, the town and the Virginia Tobacco Commission, could be shifting focus to a less expensive and more comprehensive health care education center.

Abingdon Mayor Ed Morgan said he is optimistic about the medical school projects future.

Im pleased with the progress Mr. Zaidi is making; hes building on the work of [King College President] Dr. Jordan did and bringing a lot of leadership and technical skills, Morgan said. Im optimistic he can bring the project to fruition.

The council is scheduled to meet for a work session at 5:30 p.m. today and a regular meeting, at 7:30. Zaidi is scheduled to speak during the regular meeting. The agenda and information packet are available online at http://www.abingdon-va.gov/.

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Medical school update to come tonight

Liberty Star Airlifting Diamond Core Drill to Copper/Gold/Moly Big Chunk Camp, Alaska

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TUCSON, Ariz.--(BUSINESS WIRE)--

Liberty Star Uranium & Metals Corp. (Liberty Star or the Company) (LBSR: OTCQB) is pleased to announce that the Liberty Star field camp construction managed by Alaskan Native owned MBGS LLC is on schedule. MBGS general contractor Jim Stevens states that his team will begin to airlift housing and a diamond core drill rig to the Native allotment camp site within the Big Chunk Super Project (BCSP) south block beginning the week of August 5; the camp is scheduled to be operational by August 10.

Heavy equipment and housing will be transported by a high-lift Huey chopper, while staff and light equipment will be transported by a small helicopter. Twelve people will be in the camp, including Alaskan Native MBGS staff, drill crews and geologic staff. The spartan camp includes basic amenities and a broad-band Internet over satellite hook-up.

On August 8 the Companys Field Manager and Lead Field Technician Jay Crawford and Porphyry Copper specialist Geologist Greg McGilvray will meet in Vancouver, BC to receive training on the new MBGS Innov-X handheld GPS XRF Analyzer. The new handheld analyzer uses a miniaturized X-ray tube with electronically cooled silicon detectors to provide fast metal content measurements with accuracy and precision in the field prior to formal assay. Jay Crawford has spent many months using this type of equipment, but will receive updated training with the new analyzer. From Vancouver, the two will fly to Anchorage and then to Port Alsworth, Alaska. Jay and Greg will helicopter to the BCSP camp shortly after. The drill rig is scheduled for arrival at the BCSP camp at about the same time. Drilling on the proposed 10 holes can start within a few days of the drills delivery to the field. In addition to the Innov-X Analyzer, the geologic team will be equipped with other sophisticated gear that will make field analysis more accurate and less subject to error. The onsite team will be able to communicate immediate analysis of core and send data via satellite Internet connection to the head office in Tucson or any other location for specialists to review and render their professional analysis.

This equipment in addition to the XRF includes:

All of these devices are digital (with the exception of the optical microscope) and their data will be recorded with the data logger, and joined with the geologic log of the core. All data will be recorded on the Big Chunk field camp computer server and then transmitted by a satellite uplink to the Internet and batch transmitted to Tucson overnight every night and captured on the Tucson office server for distribution and analysis by the appropriate experts on our Technical Advisory Board, as well as Chief Geologist Jim Briscoe and other specialists when needed.

After all data collection, the core is cut in half (split) using a diamond saw. Half of each 10 foot interval will be bagged and secured in locked storage controlled by Jay Crawford. The samples will be shipped by helicopter, and then by Federal Express to the MEG sample prep lab near Reno, Nev. As required by regulation, a chain of custody is recorded at every stop; this is to prevent tampering with the drill core so it cannot be adulterated (salted) with any foreign material either intentionally or accidently. After sample preparation, including addition of Quality Assurance Quality Control (QA/QC) samples, assay pulps of about 200 grams from each sample interval will be air shipped to ALS Certified assay labs in Vancouver, B.C. Canada. After assay ALS will ship assays by e-mail to the Tucson office where it will be combined with the visual core log and all the other collected data. These data logs will then be analyzed by our geologic team and conclusions made. All this takes time but news releases will be made after drill core is evaluated.

James A. Briscoe James A. Briscoe, Professional Geologist, AZ CA CEO/Chief Geologist Liberty Star Uranium & Metals Corp.

Forward-Looking Statements

Statements in this news release that are not historical are forward-looking statements. Forward-looking statements in this news release include that the BCSP camp will be operational by August 10, that a diamond core drill rig will be airlifted to the camp site, that drilling can proceed within days of its arrival, and that drill core will be obtained and prepared for assay. Factors which may delay or prevent these forward-looking statements from being realized include: the failure of our exploration program to identify targets; we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; and an inability to continue exploration due to weather, logistical problems, labor or equipment problems or hazards even if funds are available. Despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures in the Companys recent 10-K and the Companys other periodic reports filed from time to time with the Securities and Exchange Commission.

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Liberty Star Airlifting Diamond Core Drill to Copper/Gold/Moly Big Chunk Camp, Alaska

Ian Hobday, CEO of Liberty Electric Cars Ltd., and Darren West, CFO of Liberty Electric Cars Ltd., Join the Board of …

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NEWPORT BEACH, Calif.--(BUSINESS WIRE)--

Green Automotive Company, having recently acquired Liberty Electric Cars Ltd., is pleased to announce the addition of 2 new Board members, Ian Hobday and Darren West.

Mr. Hobday, who also serves as CEO for Liberty Electric Cars Ltd., has international experience in sales, marketing and general management and a track record of growing businesses and delivering profit improvement within multinational companies. Ian is co-founder of several innovative start-up companies and has extensive experience in developing business opportunities worldwide.

Commenting on his appointment, Ian Hobday said, I am looking forward to serving on the Board of Directors for Green Automotive and I look forward to helping Green Automotive maximize the many synergies that I believe exist between it and Liberty. Liberty has several divisions in operation including, for example, Liberty E-Care, which provides after-sales services for electric or low emission vehicles including servicing & repair. With clients including Navistar, Fedex, UPS, Veolia, and Tescos, Liberty is providing service to roughly 2,000 pure EVs. Through their operation of this business, Liberty has gained a tremendous amount of technical know-how and market intelligence that should translate into solid benefits for Green Automotive in a variety of ways.

Mr. West, who is also the CFO for Liberty Electric Cars Ltd., has extensive international experience having worked in more than 30 countries including knowledge of acquisitions, mergers and disposals.

Ian Hobday and Darren West bring a wealth of business experience gained from the management of a company that provides cutting edge automotive technology development, engineering and design with a focus on zero and low emission vehicle solutions, said Fred Luke, President of Green Automotive. For example, through Libertys E-Tech division they have worked on development projects with Fiat, VW, Rolls Royce, Cranfield and Navistar and have been involved in joint ventures for new BMS and Battery designs. These core competencies should significantly enhance Green Automotives technical edge which will support our company as we execute our business plan, including our move to develop all electric buses. We believe both their experience in international transactions as well as the electric vehicle market space will prove invaluable on our Board of Directors.

About Green Automotive Company: Green Automotive Company is a US public company involved in the Conversion, Import and Distribution of Eco-friendly vehicles. The Company is presently planning to bring All-Electric and other Eco-friendly vehicles into the United States market through a combination of converting piston engine vehicles and importing existing EV's. The Company is currently involved in assessing a number of All-Electric and alternate fuel vehicles including an All-Electric Intra-City and Municipal Mass Transit Bus and School Bus, for introduction to the US market. GAC recently acquired Liberty Electric Cars Limited, a UK-based company that designs, develops, manufacturers and markets electric vehicle technologies for use in its own converted vehicles and for sale to OEM's for incorporation into their production. It provides a full aftermarket program to electric vehicle users to ensure the longevity of their vehicles and has partnership arrangements in other European countries. The Liberty team, can count on over 200 man years of experience in the Automotive industry and specifically 70 plus man years in the EV sector covering some 2,500,000 miles. Green Automotive Company maintains its Corporate Office in Newport Beach, California. Green Automotive Company shares are traded on the OTC Market Tier--OTC Pink Current under the symbol "GACR". For more information visit http://www.usaelectricauto.com or write to info@usaelectricauto.com.

Safe Harbor Statement - This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Green Automotive Company incorporates by reference its disclosure and financial statements posted on http://www.otcmarkets.com, and does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.

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Ian Hobday, CEO of Liberty Electric Cars Ltd., and Darren West, CFO of Liberty Electric Cars Ltd., Join the Board of ...

Liberty Energy Announces New Acreage in Eastland County, Texas

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HOUSTON, Aug. 6, 2012 (GLOBE NEWSWIRE) -- Liberty Energy Corp. (LBYE) ("Liberty" or "the Company") announces further details on its new Texas acreage.

The Company is pleased to reveal further details on its newly acquired acreage in Eastland County, Texas. The 112 acre lease is located within Eastland County, approximately 80 miles west of Fort Worth, Texas.

The Company has confirmed that there are two major producing reservoirs that are widespread within this area. The first, Marble Falls, a prolific oil and gas producing reservoir with production being generated from several channel sands found within this Lower Pennsylvanian formation. The second, Mississippian-Duffer limestone, predominantly produces gas with some oil shows. The Duffer formation lies unconformably below the Marble Falls formation. Both zones are widespread in Eastland County and have been highly productive throughout Texas Railroad Commission District 7B.1

The (Mississippian) Barnet Shale is also present in this area. Although its thickness is limited to approximately 50 feet in this area, this geological structure is among the most prolific oil and gas producing areas of Texas. This shale underlies the Duffer Limestone, and is thought to be a source for much of the hydrocarbon found in the reservoirs above.2

The Bend Arch has had a significant effect on the Barnett Shale regarding its burial history and geo-thermal makeup. The Bend Arch-Fort Worth Basin Province resulted in estimated means of 26.7 trillion cubic feet of gas (TCFG), 98.5 million barrels of oil (MMBO), and a mean of 1.1 billion barrels of natural gas liquids (BBNGL).3 Nearly all of the undiscovered gas resource (98 percent, or 26.2 TCFG) is considered to be in continuous accumulations of non-associated gas trapped in strata of two of the three Mississippian-age Barnett Shale AUs of the Barnett-Paleozoic TPS.4 The third AU within this TPS, the Hypothetical Basin-Arch Barnett Shale Oil AU, has not yet been quantitatively assessed because of a lack of data.3 The Barnett-Paleozoic TPS is estimated to contain a mean of 409.2 BCFG of conventional gas, or about 88 percent of all undiscovered conventional gas, and about 64.6 MMB of conventional oil, or about 65 percent of all undiscovered oil in the Bend Arch-Fort Worth Basin Province.4

"We are extremely pleased to have secured this lease which is situated in the heart of existing oil and natural gas fields. This is a formation that has been consistently produced by majors for years including Devon Energy, Chesapeak Energy and ConocoPhillips. We intend to extensively study the surrounding fields and formations in which oil and natural gas have been recovered. We then intend to initiate a detailed geological study of the acreage that will determine how we further develop the property," commented Ian Spowart, CEO of Liberty Energy Corp. For more information on the Eastland Project see the Liberty Energy website at http://www.energy-liberty.com/projects/.

ABOUT LIBERTY: Liberty Energy Corp. (LBYE) is an Independent Oil and Gas Exploration and Production Company dedicated to the sourcing and production of fuel supplies in the United States and Europe. Headquartered in Houston, Texas, the company has leases and royalties in both Texas and Bulgaria, covering several wells with extensive potential for future development. In Texas, Liberty owns twelve leases based around numerous geological pay zones. In North-West Bulgaria, Liberty has royalty rights to a 1,000,000+ acre natural gas property (the A-Lovech exploration block), an area of high quality, low-sulphur natural gas condensate. Through this combined international reach and domestic focus, Liberty Energy is committed to the development of U.S. fuel reserves while seeking out further opportunities for the global energy markets.

Certain statements in this press release are forward-looking and involve a number of risks and uncertainties. Liberty Energy Corp. bases these forward-looking statements on current expectations and projections about future events, based on information currently available. The forward-looking statements contained in this press release may also include statements relating to Liberty Energy Corp.'s anticipated financial performance, business prospects, new developments, strategies and similar matters. Liberty Energy Corp. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.

ON BEHALF OF THE BOARD OF DIRECTORS,

Liberty Energy Corp

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Liberty Energy Announces New Acreage in Eastland County, Texas

Liberty Tire Recycling Presents 'Recycle WISCONSIN: 2012' Event to Explore Innovative Applications of Rubberized …

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PITTSBURGH, Aug. 6, 2012 /PRNewswire/ --Liberty Tire Recycling, the premier provider of tire recycling services in North America, will highlight the innovative applications and benefits of rubberized asphalt on August 15, 2012 with an event called Recycle WISCONSIN: 2012. Held at the Modified Asphalt Research Center (MARC) at the University of Wisconsin-Madison (Engineering Centers Building, Room 1025, 1550 Engineering Drive), the program will gather transportation and environmental professionals, civic leaders and policy-makers together so that they may learn more about new applications for recycled rubber. The event will also include a tour of MARC's lab on campus.

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"With a renewed focus on community improvement through sustainable sourcing, rubberized asphalt and other innovative applications for recycled rubber create a win-win situation for cities across the nation," said Jeffrey Kendall, CEO of Liberty Tire Recycling. "Reusing scrap tire rubber for infrastructure like highways can help ensure that dangerous tire piles are a thing of the past, and also help build a sustainable future across Wisconsin and the nation."

The sessions will consist of presentations on topics including "Sustainable Asphalt Pavements: An Industry Perspective," "End of Life Tires in Wisconsin," "Wisconsin Experience with Rubber" and "Rubberized Asphalt," which will provide an overview of the advantages of rubberized asphalt, from enhanced safety and reduced tire noise to better crack resistance and cost savings. Following lunch, attendees will go on a tour of MARC's lab on campus.

Rubberized asphalt is a low-cost, high-performance alternative to traditional paving mixes that reduces dependency on oil and limits carbon dioxide emissions. Added to traditional asphalt, crumb rubber comprises 8- to 22-percent of the binder and increases tensile strength. For more than 40 years, rubberized asphalt has proven to diminish maintenance costs and provide a smoother, safer ride. Plus, recycled rubber provides a reliable and consistent supply of material.

"We encourage engineers and road maintenance supervisors to take rubberized asphalt specifications from this event and put them into practice in Wisconsin to help save money without sacrificing performance," Kendall added.

For more information about Liberty Tire Recycling, visit http://www.libertytire.com.

About Liberty Tire Recycling Liberty Tire Recycling is the premier provider of tire recycling services in North America. By recycling more than 140 million tires annually, Liberty Tire reclaims about 1.5 billion pounds of rubber for innovative, eco-friendly products. The recycled rubber produced by Liberty Tire is used as crumb rubber and industrial feedstock for molded products; as tire-derived fuel for industrial kilns, mills and power plants; and as rubber mulch for landscaping and playgrounds. The company maintains a nationwide network of processing plants, and comprehensive door-to-door collection services. Liberty Tire Recycling is headquartered in Pittsburgh, PA. For more information, please visit http://www.libertytire.com.

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Liberty Tire Recycling Presents 'Recycle WISCONSIN: 2012' Event to Explore Innovative Applications of Rubberized ...