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Former IBM engineer wins award, funding for hybrid retrofit kit

Dr. Charles Perry, a former electrical engineer at IBM, believes his hybrid retrofit kit can transform nearly any vehicle into a fuel-saver at a cost of between $3,000 and $5,000. The idea is at least sound enough to have taken the top prize at the green energy competition from the Tennessee Technology Development Corp., which came with a $50,000 grant along with a matching investment and a hopeful deal to put the invention into commercial production within three years from Palmer Labs LLC. Perry's patent-pending hybrid retrofit kit features ... Read more →

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