Vectrix Announces Exploration of Strategic Initiatives and Reduction in Work Force 

Middletown, R.I.- April 14 - Vectrix Corporation (AIM: VRX) (www.vectrix.com), maker of the world's first high performance, two-wheel zero emission vehicle (ZEV), announces that while its efforts continue to secure new equity funding and government based loan or grant support as well as temporary financing, the Directors will now begin to seek other strategic alternatives which could include a merger or sale of the business. The Company will continue to provide updates to the market as we progress through these activities. In order to conserve working capital for continuing operations during this period, the Company this week implemented cost savings measures including a significant reduction in workforce involving some 60 staff.

Trading in the common stock of the Company remains suspended until further notice.

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Notes to Editors

About Vectrix

• Vectrix listed on AIM in May 2007 and is the developer of the world's first high performance, zero emission, electric motorcycle which is at least 10 times more powerful than existing electric power two wheel vehicles.

• Vectrix is dedicated to developing and commercializing zero emission vehicle platform technologies focused on two-wheel applications. Longer term, Vectrix plans to develop environmentally sensitive technologies for other segments within the transportation industry. 

• Vectrix is headquartered in Middletown, Rhode Island, USA, has a modern vehicle assembly facility in Wroclaw, Poland and an R&D center in New Bedford, Massachusetts.

• Vectrix was awarded the 2006 Frost & Sullivan Award for Technology Innovation and Leadership in Alternative Vehicle Technologies.

• Transportation is the largest single source of air pollution in the world. A typical motorcycle/scooter produces significantly more CO2 and pollutants than a large diesel truck, and far more than a modern low emission automobile. The Vectrix bike utilizes innovative zero-emission technology, offering customers a clean, affordable, and much needed alternative.