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ALTe Technologies Launches Rebirth at EDTA

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ALTe LLC

4425 Purks Road, Auburn Hills, MI, 48326, USA

Original Press Release

ALTe Technologies Launches Rebirth at EDTA

Press release date: June 2, 2014

AUBURN HILLS, Mich. – ALTe Technologies (ALTe) used the recent Electric Drive Transportation Association (EDTA) Conference and Annual Meeting (www.edta2014.com) as the ideal platform to launch their '2014 rebirth.'  Demonstrating their presence in force, ALTe was represented by several of their technical and marketing leaders, exhibiting inside the EDTA tradeshow hall as well as participating in the EDTA Ride, Drive, & Charge experience. Throughout the event, ALTe attracted ample attention and received multiple inquiries from potential customers, suppliers, government relations, and media participants.

ALTe's new motto 'Customer Driven -- Purpose Built,' has resulted in an expanded offering to address varied commercial customer preferences: ALTe now offers plug-in hybrid electric vehicles (PHEV, series, or parallel) as well as pure battery electric vehicles (BEV). Through careful customer needs assessments, specific customer drive cycles are translated into simulations of vehicle performance to define the right system architecture and proper sizing of major components such as the high voltage battery, drive motor power & torque, as well as genset power & torque. Throughout this process, ALTe makes smart decisions to maximize synergies and reduce cost, resulting in a discreet number of hybrid powertrain 'classes' to service the wide spectrum of commercial fleet customer needs.

The leadership talents of newly appointed President & CEO Darren Post (GM line director for programs such as Chevy Impala, Pontiac Solstice and Saturn Sky) and Board Vice Chairman Tony Posawatz (GM line director of the Chevy Volt and former CEO of Fisker) have contributed to a more focused company direction for ALTe Technologies:

    --  Efforts in the US are focused around shuttle busses and delivery
         vehicles (class 3-6 trucks) as well as utility vehicles (class 2-4
         trucks).
    --  The focus for China centers around small niche vehicles through their
         Joint Venture with Henan Benma, as well as a well-engineered push into
         the 8-12m commuter bus market.
    --  Lastly, ALTe has identified significant opportunities to electrify large
         quantities of 10+m busses in the Korean fleet markets.

During the EDTA 'Heavy Hitters' panel session on medium and heavy duty hybrid electric trends for fleet customers, CEO Darren Post presented an overview of ALTe's focus on delivery truck, bus, utility-telecom, and service fleets and emphasized that, "ALTe Technologies is delivering customer value by tailoring its powertrain systems to meet customer needs with fuel savings that pay back the initial hybrid electric investment in a realistic time frame."

ALTe also participated in the Ride, Drive & Charge event at EDTA, showcasing a newly upgraded E350 delivery vehicle, touting close to 100% better fuel economy with reduced emissions, as well as a 22 mile all-electric range and a 500+ mile total range, virtually eliminating 'range anxiety.' Seventy (70) interested participants from a varied list of city & state governments, public utility and fleet companies, as well as several media reporters made use of the opportunity to drive ALTe's E350 PHEV around city traffic. Senior Test Technician Kyle Maki accompanied guests to elaborate on ALTe's technology and to answer questions. Participants were delighted after their driving experience, offering statements such as, "This will change the delivery truck market" and "very powerful for a delivery van."  One driver even noted, "The drive is as smooth as my Lexus Hybrid!"

Propelled by its new leadership team and motto 'Customer Driven -- Purpose Built,' ALTe has new wind in its sails and is poised for success in the US and worldwide.

About ALTe:
ALTe is a leading developer of plug in electric and hybrid powertrain systems used to propel automobiles launching initially in the commercial vehicle segment. The system is engineered for use in both new vehicle applications as well as being able to be retrofit into existing vehicles resulting in dramatic increases in fuel economy and lower emissions. Designed to replace the traditional internal combustion engine powertrain, the Company's patented technology improves fuel economy from 80 percent to 200 percent. The company is headquartered in Auburn Hills, Michigan, where it engineers and assembles its powertrains that will be installed in customer vehicles across North America. For more information, visit http://www.altetechnologies.com.

Source
ALTe Technologies

Contact:
Paul Rasmussen
ALTe Technologies, Inc.
(248) 409-1012
prasmussen@altetechnologies.com

Web Site: http://www.altetechnologies.com

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