Remy Awarded Electric Motor Contract by ALTe

PENDLETON, Ind., June 9, 2011 /PRNewswire/ -- Remy announced it has been awarded a three-year contract for electric motors by ALTe Powertrain Technologies. Under the agreement, Remy HVH 250 electric motors will act as an onboard generator to recharge batteries and deliver electric drivetrain traction power for ALTe's hybrid vehicle powertrain conversions.

ALTe develops range-extended electric powertrains for the commercial, government and utility fleet industry, with a focus on light- to medium-sized delivery trucks, vans, and shuttle buses.  The mass produced and assembled electric propulsion systems can be installed in 14 hours and are projected to provide an initial 30 miles of all-electric driving, followed by an estimated 275 miles in a charge-sustained mode, before needing to be recharged or refueled. Fuel economy is projected to increase up to 200 percent with no loss in cargo capacity, increased torque, and comparable horsepower and towing capability when compared to a factory V8 engine.

Remy is a leading global manufacturer of electric motors for hybrid and electric vehicles.  With over 1 billion miles of proven reliability, Remy's motors deliver industry-leading power density and efficiency.  "We are very pleased that ALTe has chosen Remy as its motor supplier.  ALTe has impressed us with their management team, innovation and design.  By targeting fleets, ALTe will provide a strong, efficient option for mass savings and fewer tailpipe emissions while using our durable, tested and proven motors," said Remy Electric Motors VP and GM, Kevin Quinn.

Remy's patented High Voltage Hairpin (HVH) technology delivers world-class torque and power density for added speed and range in ALTe's electric hybrid powertrains.  Leading companies like ALTe use the Remy HVH electric motor because of its superior technology, reliability and the speed-to-market that comes with Remy's existing global production capacity.  

"We are very excited to integrate Remy's electric motor into our advanced powertrains, providing the power and efficiency we need in addition to achieving outstanding reliability and durability," Thomas stated. "With a nationwide network of installation centers in place, this important agreement with Remy provides us the confidence we will be able to deliver our customers the highest-performing technology possible when sales begin next year," he said.

About Remy International, Inc.

Remy International, Inc., headquartered in Pendleton, Indiana, is a leading global manufacturer, remanufacturer and distributor of light duty starters and alternators and Delco Remy brand heavy-duty systems.  Remy International also manufactures and distributes electric propulsion motors designed with leading edge technology and backed by the security of over a billion miles of proven reliability. In business for over 100 years, today Remy International is actively collaborating with companies throughout the world to develop innovations that are transforming the vehicle industry. Recently, Remy was recognized by the United States Department of Energy for its leadership role in the hybrid technologies space and awarded a $60 million grant under the Electric Drive Vehicle Battery and Component Manufacturing Initiative.

To learn more, visit the Remy brand website at www.remyinc.com

About ALTe, LLC.

ALTe is the developer of a Range Extended Electric Powertrain used to repower light commercial vehicles up to 26,000 GVW. The system will retrofit into existing fleet vehicles as well as 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% to 200%. Based in Auburn Hills, Michigan, the company is headquartered in an 185,000 square foot facility where it will assemble its powertrain kit that will be shipped to installation locations across North America.

To learn more, visit the ALTe website at www.altellc.com

This material is based upon work supported by the Department of Energy under Award Number DE-EE0002023.  This release was prepared as an account of work sponsored by an agency of the United States Government.  Neither the United States Government nor any agency thereof, nor any of their employees, makes any warranty, express or implied, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights.  Reference herein to any specific commercial product, process, or service by trade name, trademark, manufacturer, or otherwise does not necessarily constitute or imply its endorsement, recommendation, or favoring by the United States Government or any agency thereof.  The views and opinions of authors expressed herein do not necessarily state or reflect those of the United States Government or any agency thereof.

This press announcement contains forecasts, projections, expectations, or opportunities regarding Remy that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from anticipated results, including, but not limited to, future financial results and liquidity, development of new products and services, the effect of competitive products or pricing, the effect of commodity and raw material prices, the impact of supply chain cost management initiatives, restructuring risks, customs duty claims, litigation uncertainties and warranty claims, conditions in the automotive industry, foreign currency fluctuations, costs related to re-sourcing and outsourcing products, the effect of economic conditions, and other factors identified in Remy International statements.

SOURCE Remy International, Inc.