CINCINNATI, Ohio, Aug. 18, 2014 (GLOBE NEWSWIRE) -- via PRWEB - AMP Holding Inc., (OTCBB and OTCQB: AMPD, a medium-duty truck OEM, announced today that the U.S. Environmental Protection Agency (EPA) has approved its WORKHORSE E-GEN™ electric truck that employs an alternatively-fueled 2.4 liter engine as an emergency generator to charge the battery pack.
As configured in the E-GEN Truck, the combination of the right-sized battery pack coupled with the security of an on-board backup generator and a transmission-less direct-drive system, provides the industry with a cost-competitive electric truck that also reduces range anxiety typically associated with electric trucks.
The ultra-efficient E-GEN Truck incorporates a small spark-ignition engine as an emergency generator that automatically turns on to recharge the battery pack only if the pack's state of charge falls below a predetermined threshold, and the drive selector is in PARK.
"We're pleased to be able to offer an innovative product like this," said Martin Rucidlo, President of AMP Electric Vehicles. "Delivering this unique solution to the medium duty truck market is a game-changer for fleet operators interested in reducing the life-cycle costs of their vehicles."
Steve Burns, Chief Executive Officer of AMP, added, "We are very excited to receive the EPA's approval. Our E-GEN Truck is a breakthrough design, purpose-built for the package and product delivery market."
Burns explained that the use of the engine enables AMP to produce an electric vehicle (EV) with a smaller battery pack. The smaller battery pack allows the company to produce a very competitively-priced EV that yields a positive return on its incremental cost in as little as three years, while eliminating operator concerns about range.
"The real benefit to the fleet operator, and perhaps the most exciting element of this, is that the new powertrain significantly reduces operating costs – an E-GEN Workhorse truck will deliver the equivalent of 20 mpg compared to the 7.5 mpg operators get now," said Burns.
AMP's E-GEN powertrain will be available in its new W-88 WORKHORSE medium-duty trucks in 2015.
About AMP Holding Inc.
AMP Holding Inc. is the parent company of AMP Electric Vehicles Inc. and AMP Trucks, Inc. Amp Electric Vehicles manufactures electric drive systems for medium-duty, class 3-6 commercial truck platforms. AMP Trucks, Inc., which purchased the assets of Workhorse Custom Chassis LLC from Navistar in March of 2013, can equip its Workhorse chassis with gasoline, propane, or CNG engines.
For additional information visit http://www.ampelectricvehicles.com
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.
Contact: Daniel Zito
Director/Business Development
AMP Electric Vehicles, Inc.
513-300-5910
dan.zito@ampelectricvehicles.com
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