ReVolt Technologyress releases Portland, Oregon, August 27, 2010 ReVolt Technology, LLC, a technology company which has developed a rechargeable zinc-air battery, today announced that it has been approved to receive a package of loans and tax credits from Oregon and Portland authorities totaling approximately $6.8 million, including support from the Oregon Department of Energys Small Scale Energy Loan Program (SELP), which is intended to promote energy conservation and renewable energy resource development. Upon final closing, the SELP funding and incentives will further enhance ReVolts research and development work in a public-private partnership producing cutting-edge battery systems for electric vehicles. ReVolt has selected a site in Portlands Airport Way Urban Renewal Area, at 12021 NE Airport Way, Suite G, to serve as its headquarters and expects to begin battery development and HQ operations there in October, supporting approximately 150 jobs between 2010 and 2015. ReVolts recent commitment of $6.8 million in funding support from Oregon, combined with the $5 million in federal funding from the U.S. Department of Energys (DOE) Advanced Research Projects Agency-Energy (ARPA-E), will catalyze and propel ReVolts North American business development efforts. Under ARPA-Es Batteries for Electrical Energy Storage in Transportation, or BEEST program, ReVolt will develop a powerful, safe and environmentally-sustainable rechargeable zinc-air battery system for electric vehicle applications.