APTERA MOTORS TO BE AUCTIONED ON DECEMBER 20-21, 2011

By December 8, 2011Press Releases

ASSETS OF CONCEPT ELECTRIC VEHICLE MANUFACTURER

APTERA MOTORS

TO BE AUCTIONED ON DECEMBER 20-21, 2011

Heritage Global Partners under the Direction of Aptera, LLC (assignment for the benefit of creditors) an affiliated entity of Sherwood Partners, LLC, in its sole and limited capacity as Assignee for the Benefit of Creditors of Aptera Motors, Inc. to conduct public auction

of manufacturing equipment, office furnishings and facility equipment

Carlsbad, CA – December 8, 2011 Heritage Global Partners will conduct a global online exclusive auction of assets held by the Assignee, pursuant to a General Assignment for the Benefit of Creditors of Aptera Motors, Inc., a company located in Carlsbad, California which developed concept fuel-efficient road vehicles.  As part of the company’s liquidation, the auction will be staged from 7 am on Tuesday, December 20, 2011 through 10 am on Wednesday, December 21, 2011 PST through the Heritage Global Partners website at the following link: www.hgpauction.com/?auctionid=159.

An on-site, open to the public preview will be held on Monday, December 19 from 9 am – 4 pm PT at the Aptera Motors headquarters located at 2765 Loker Avenue West, Carlsbad, California.

Prior to shutting down operations, Aptera had been developing a futuristic three-wheeled car – the Aptera Model 2E – which was to achieve a fuel efficiency equivalent to 300 miles per gallon and featured solar panels on the roof.

The Aptera auction will provide buyers an opportunity to purchase all manufacturing equipment, including an Instron 5982 tensile tester, elegant office furnishings, computers, and automotive repair, material handling and facility equipment.

“The majority of Aptera’s equipment available for auction was purchased in 2010 and is nearly new,” said Kirk Dove, Managing Partner of Heritage Global Partners.

Led by auction industry pioneers Ross and Kirk Dove, Heritage Global Partners, www.hgpauction.com,  is one of the country’s leading asset advisory and auction services firms, which assists large and small companies with buying and selling of assets.  Heritage Global Partners offers asset brokerage, asset inspection, asset valuations, industrial equipment and real estate auctions, as well as enterprise auctions combining tangible and intangible assets.

Aptera Motors is located at 2765 Loker Avenue West in Carlsbad, California.  For more information and photographs of assets, please visit www.hgpauction.com/?auctionid=159.

Contact:

Stephanie Freedman, [email protected], 248.797.9061

George Wandachowicz [email protected], 858-847-0656