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ALTe Powertrain Technologies Pledges Clinton Global Initiative "Commitment to Action" to Facilitate Electrification of Global Fleets Company Developing ElectrifyYourFleet.com as First Order Aggregator for EV Industry

CHICAGO, June 7, 2012 /PRNewswire/ -- ALTe Powertrain Technologies, developer of the first range-extended plug-in electric hybrid powertrain for light commercial fleet vehicle applications, today announced that it has created a Commitment to Action as part of the Clinton Global Initiative America (CGI America) meeting. ALTe has committed to spur adoption of hybrid electric technology in the worldwide fleet industry and bolster clean technology jobs in America.

Under a Clinton Global Initiative commitment and in conjunction with the 2012 CGI America meeting, ALTe has pledged to develop a first-of-its-kind electric vehicle fleet purchasing system by which fleet customers can consolidate the entire electric vehicle decision-making process in one simple web-based interface. 

The new website, www.ElectrifyYourFleet.com, which launched its beta version today, will connect corporate and government vehicle purchasers with EV stakeholders – including utilities, charging station providers and finance companies – and notify customers of all available incentives, while offering the benefits of group-rate purchases and simplifying the order-to-delivery process. As an electric powertrain systems provider, ALTe will offer certified full-sized pickups and vans that have been retrofitted with electric or plug-in hybrid powertrains.

"Our commitment to the CGI community is to help solve the greatest roadblocks to commercial adoption of electric and plug in hybrid vehicles: eliminating the lack of affordability and simplifying the EV and charging station order fulfillment process," said ALTe Chief Executive John Thomas. "With ElectrifyYourFleet.com, we intend to take a crowdsourcing approach to generate a new industry buying platform that helps fleets better transition to a cleaner operation, offer financial benefits to customers and grow new jobs for the future of America."

About ALTe:
ALTe is the developer of the first range-extended plug-in electric hybrid powertrain used to repower light commercial vehicles. The system will be retrofit into existing fleet vehicles as well as used in "glider" applications of new vehicles to dramatically increase their fuel economy and lower emissions. Designed to replace a base V-8 internal combustion engine powertrain, the system's patented technology improves fuel economy from 80 percent to 200 percent. Based in Auburn Hills, Michigan, the company is headquartered in a 185,000-square-foot facility where it will assemble its powertrains that will be shipped to installation locations across North America. For more information, visit http://www.altept.com and follow us on Twitter at @AltePT.

About CGI America
President Clinton established the Clinton Global Initiative America (CGI America) to address economic recovery in the United States. CGI America brings together leaders in business, government, and civil society to generate and implement commitments to create jobs, stimulate economic growth, foster innovation, and support workforce development in the United States. Since its first meeting in June 2011, CGI America participants have made more than 100 commitments valued at $11.8 billion. When fully funded and implemented, these commitments will improve the lives of three million people, create or fill more than 150,000 jobs, and invest and loan $354 million to small and medium enterprises in the United States. The 2012 CGI America meeting will take place June 7-8 in Chicago. To learn more, visit cgiamerica.org.

About the Clinton Global Initiative
Established in 2005 by President Bill Clinton, the Clinton Global Initiative (CGI) convenes global leaders to create and implement innovative solutions to the world's most pressing challenges. CGI Annual Meetings have brought together more than 150 heads of state, 20 Nobel Prize laureates, and hundreds of leading CEOs, heads of foundations and NGOs, major philanthropists, and members of the media. To date, CGI members have made more than 2,100 commitments, which are already improving the lives of nearly 400 million people in more than 180 countries. When fully funded and implemented, these commitments will be valued at $69.2 billion.

CGI's Annual Meeting is held each September in New York City. CGI also convenes CGI America, a meeting focused on collaborative solutions to economic recovery in the United States, and CGI University (CGI U), which brings together undergraduate and graduate students to address pressing challenges in their community or around the world. For more information, visit clintonglobalinitiative.org and follow us on Twitter @ClintonGlobal and Facebook at facebook.com/clintonglobalinitiative.

SOURCE ALTe Powertrain Technologies



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