Workhorse(TM) by AMP Holding Inc. To Unveil E-Gen(TM) Range-Extending Electric
Drive System at ACT EXPO 2014
AMP Workhorse Electric Truck To Be Cost Effective Without Government Vouchers
CINCINNATI, Ohio, April 30, 2014 (GLOBE NEWSWIRE) -- via PRWEB - AMP Holding
Inc. (OTCBB:AMPD) (OTCQB:AMPD) announced today that its Workhorse subsidiary
would unveil its new, innovative, E-GEN Drive system designed for its new
chassis program or for repowering existing trucks at the ACT EXPO show in Long
Beach, CA, May 6-8, 2014.
Workhorse's patent-pending E-GEN Drive uses a combination of battery-electric
power and a small internal combustion engine to double the miles per gallon
attained on a typical delivery route. E-GEN Drive is available for gasoline,
LPG, and CNG fuels.
Several design features make E-GEN unique in the market. The vehicle is
powered by the electric motor when in motion. When stopped, and shifted into
PARK, a small internal combustion engine automatically turns on and functions
as a generator to recharge the battery to its required level. This technology
offers several benefits to the user--range anxiety is eliminated, the system
costs less than an all-electric system, and the life of the battery is
extended since its management software precludes depletion beyond its normal
"We expect to take an active role in the Alternative Clean Transportation Expo
2014 (ACT EXPO 2014), in Long Beach, CA. The ACT EXPO is the industry's
largest annual gathering, bringing together more than 3,000 attendees;
including fleets, technology companies, OEMs, fuel providers, infrastructure
developers, and policymakers. It gives us the opportunity to display our
patent-pending E-GEN Technology and meet one-on-one with the largest fleet
operators in the county," said Steve Burns, CEO of AMP Holding, which owns the
In addition to unprecedented fuel efficiency, E-GEN, reduces maintenance
costs, and increases vehicle up-time. We believe E-GEN Drive can reduce a
fleet's harmful air emissions while its reducing operating costs.
"We look to our E-GEN range-extending technology to provide a three-year
payback WITHOUT a government voucher while, at the same time, lowering the
significant infrastructure costs that come with electric power. E-GEN can
charge from a 110 volt outlet." added Martin Rucidlo, President of Workhorse.
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 produced under the Workhorse
brand by its AMP Trucks, Inc., subsidiary. For additional information visit
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
AMP Electric Vehicles Workhorse
This article was originally distributed on PRWeb. For the original version
including any supplementary images or video, visit
CONTACT: AMP Holding, Inc.
Press spacebar to pause and continue. Press esc to stop.