AMP Holdings, Inc. (OTCBB and OTCQB: AMPD), an innovator in the development of zero-emission, electric drive power trains for the medium duty truck marketplace, has entered the final phase of testing with a large package delivery company for the purpose of re-powering existing step vans from diesel power to an all-electric drive system. After extensive development and initial performance and durability testing, AMP has engaged TRC Inc., a world-class testing facility, to independently test the vehicle to ensure it can survive the rigors of package delivery in an environment where it is common to keep their vans in service for 20 years or more. The final pre-production test program is expected to be completed within the next month.
AMP?s all-electric system is unique in that it incorporates a dual-motor system that produces 250 kw and accelerates the 19,500 GVW vehicle faster than the original factory-installed diesel engine does. The system has a total energy storage system of 100kwhr that can push the 1,000 cubic foot vehicle 100 miles on a single charge.
?Vans in this type of duty cycle, and of this size, typically travel routes of about 65 miles. With our AMP electric truck design, concerns about range are eliminated from the equation,? said Steve Burns, CEO of AMP. ?We believe there are significant financial and environmental benefits as well. Our calculations indicate that our AMP E-Truck offers fuel and maintenance savings of nearly $100,000 per vehicle over a ten-year period. The fuel and maintenance savings are a significant amount of annual costs, when compared to diesel fuel usage and maintenance across a large fleet of medium-duty vehicles.?
Martin Rucidlo, AMP president added, ?Since AMP E-Trucks are battery-powered, zero-emission vehicles, we?re helping improve the environment while we?re helping businesses and fleets better their economics. This is a winning solution for everyone.?
About AMP Holding Inc.
AMP is a plug-in electric drive motor vehicle manufacturer, founded in 2007 by entrepreneurs who have created several hi-tech companies. The AMP team is comprised of top automotive industry veterans and business executives. AMP is focused on the electrification of fleet vehicles, including medium-duty class 3-6 trucks and vans. The AMP electric truck system has been recognized by many of America?s leading fleet engineers as one of the best system solutions available today. Over the past several years, the company?s vehicle electrification technology has provided new solutions to America?s energy demands. For additional information visit http://www.ampelectricvehicles.com
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.
SOURCE: AMP Holding Inc.
For Additional Information contact: Daniel Zito / 513.300.5910 / dan(dot)zito(at)ampelectricvehicles(dot)com
AMP Electric Vehicles
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