Remy International Signs Long Term Supply Agreement with VIA Motors
PENDLETON, Ind., June 11, 2012 /PRNewswire/ -- Remy, Inc.'s (OTC-PINK: RMYI) Electric Motor Division and VIA Motors have announced a joint agreement to supply powertrains for the VIA Extended-Range Electric Vehicle (eREV).
VIA offers a full lineup of extended-range electric trucks, vans and SUVs called VTRUX, each equipped with the company's eREV powertrain. The eREV powertrain enables the VTRUX to drive up to 40 miles in a full electric near zero emission mode achieving an equivalent 100 MPG.
"We are proud to enter this supply agreement with VIA. We believe integrating the Remy HVH motor into the VIA eREV powertrain will yield a system with unmatched levels of performance, durability and power density in the light duty commercial segment," said Remy's Vice President, General Manager Global Hybrid, Kevin Quinn.
"VIA plans to ramp up production significantly over the next three years to satisfy demand for clean, fuel-efficient full-size trucks and SUVs," said Kraig Higginson, CEO of VIA Motors. "We are looking forward to Remy providing a 300 kW Traction Motor and a 150 kW Generator which, when matched with our own inverter, provides a ground breaking powertrain for our vehicle."
Remy's patented HVH electric motor platform has powered over 100,000 vehicles with over 2 billion kilometers of proven reliability. The HVH 250 is in SUV's, trucks and commercial vehicles all over the world.
About Remy International, Inc.
Founded by the Remy Brothers in 1896; today Remy International, Inc. is a leading global manufacturer and remanufacture of alternators, starter motors and hybrid electric motors/generators. Headquartered In Pendleton, IN, with global operations that expand across four continents and 10 countries, Remy International markets products under the Delco Remy and Remy trade names. Known for innovation, efficiency, quality, and best-in-class customer service and support, Remy International's products are integrated by leading industrial, specialty, automotive and heavy duty OEMs and aftermarket providers worldwide. We Start the World & Keep It Running.
About VIA Motors
VIA Motors is a privately held electric vehicle development and manufacturing company. VIA has developed a proprietary 650-volt eREV drive system technology designed for full size trucks and SUVs called the VIA V-Drive™. VIA employs a streamlined second stage manufacturing process to integrate its proprietary eREV powertrain technology into new OEM vehicles it calls VTRUX™. More information on VIA Motors may be found at: http://www.viamotors.com.
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SOURCE Remy International, Inc.