Remy International Signs Supply Agreement with Quantum
PENDLETON, Ind., May 15, 2012 /PRNewswire/ -- Remy International, Inc. (OTC-PINK: RMYI), a global leader in the manufacturing and distribution of starters, alternators, and hybrid/electric motors and generators, announced today the signing of an agreement to supply its HVH250 motors to Quantum Fuel Systems Technologies Worldwide Inc. Quantum will use the motors in its Ford F-150 PHEV program to convert the gasoline powered light-duty pickup trucks to plug-in hybrid operation.
Quantum will install the Remy HVH250 electric machine as the traction motor into a parallel hybrid system that delivers an all-electric range of 35 miles and a hybrid operational range of 400 miles.
Kevin Quinn, Remy Electric Motors VP/General Manager, commented, "Quantum is a very innovative company, and the Ford F-150 PHEV program is just another great example of their capabilities and drive to move technology forward. Remy is extremely pleased to be part of their success."
The F-150 PHEV comes standard with 4WD, but can also be operated in 2WD mode. The vehicle has a payload of up to 900 lbs. and a towing capacity of 5,800 lbs., making it a good choice for truck fleets requiring the performance potential of an electric drive system combined with the utility value of a light-duty pickup truck.
According to David M. Mazaika, Quantum's Chief Operating Officer, "Quantum's Ford F150 PHEV program had some very stringent requirements for the electric motors and generators. Remy's HVH 250 really delivers on all fronts, performance, reliability, value and efficiency. This is exactly the type of key partner we need to make this program a success."
About Quantum Fuel Systems Technologies Worldwide Inc.
Quantum is a leading provider of alternative and renewable energy technology solutions. Quantum's products and services include Plug-In Hybrid Electric Vehicle powertrain systems (Q-Drive), hydrogen and natural gas vehicles and systems, ultra-light weight carbon composite fuel storage vessels, silicon-based photovoltaic (PV) solar modules and wind & solar renewable energy generation projects. Quantum brings innovative clean technology solutions to life.
About Remy International, Inc.
Remy International traces its origins to 1896, when the Remy Brothers founded a wiring business in Anderson, Ind. Today, Remy International, Inc. is a leading global manufacturer and remanufacturer of alternators, starter motors, and electric traction motors, headquartered in nearby Pendleton. With global operations across four continents and 10 countries, Remy International markets products under the Remy® and Delco Remy® trademarks. 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.
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Contact: Remy International
Investor Contact: Eric Struik
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