Remy Receives Final Approval from U.S. Department of Energy for $60.2 Million American Recovery and Reinvestment Act Grant

PENDLETON, Ind., May 24 /PRNewswire/ -- U.S. Department of Energy (DOE) officials recently visited the international headquarters of Remy International to meet with company officials and finalize a $60.2 million grant allowing Remy to accelerate standardization and commercialization of their award-winning Remy HVH electric motor technology.

Remy, the largest independent North American manufacturer of advanced electric motors for hybrid and electric vehicles, was nominated for the grant in August, 2009 as part of the American Recovery and Reinvestment Act (ARRA) and received conditional approval in December 2009.  

In a speech given in Elkhart, Indiana last year, President Obama announced Remy as one of the recipients of ARRA funds.  He called the ARRA a historical investment committed to a strategy that ensures America leads in the design and the deployment of the next generation of clean-energy vehicles.  He recognized Remy and a handful of other leading Indiana businesses as keys to developing next generation electric-drive components for commercial and passenger vehicles.

Remy President and CEO John Weber said, "These funds will help Remy establish a strong domestic manufacturing base for electric drive motor technology and accelerate the use of electric drive vehicles with higher fuel efficiency."  Weber explained, "This grant will allow for critical capital and human resource investment to create or protect 1,000 highly skilled jobs in the United States for Remy, its partners and its supply base."

Remy International recently announced the HVH™ 250, the next evolution of the advanced electric motor for hybrid and electric vehicle applications based on Remy's patented High Voltage Hairpin (HVH) technology.  Remy's HVH technology provides dramatically improved motor performance and cooling effectiveness versus competitors.  The HVH electric motor's world-class torque and power density delivers increased range in all-electric drive mode and is compact and lightweight which contributes to vehicle efficiency.  With over 800,000 simulated road miles of stress-testing without failure, the Remy HVH electric motor delivers both performance and reliability.

Brands like Mercedes, GM, Amp Electric Vehicles, Aptera, and Allison Transmission have chosen the Remy HVH electric motor for its superior technology, reliability and the speed to market that comes with Remy's existing global production capacity.  The Remy HVH electric motor technology can be integrated into a car, truck, motorcycle, large transit bus and virtually any piece of equipment that can be converted to hybrid or electric. 

There are more than 80,000 customer-validated Remy motors on the road today. With over a billion miles of proven reliability, Remy's compact HVH electric propulsion motors are power-dense, lab tested and road proven.  

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 International 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.

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.

SOURCE Remy International, Inc.