Vision Industries Delivers World's First Zero-Emission Hydrogen Fuel Cell Truck
(firmenpresse) - EL SEGUNDO, CA -- (Marketwire) -- 07/25/11 -- Vision Industries Corp. (OTCBB: VIIC) on Friday delivered the world's first zero-emission hydrogen fuel cell-electric Class 8 truck to Total Transportation Services Inc. (TTSI), a national trucking company that will put the vehicle to test in the ports of Los Angeles and Long Beach. The effort is part of the ports' Technology Advancement Program, designed to encourage the commercialization of clean goods-movement vehicles and equipment.
"Today we celebrate the birthplace of the hydrogen economy and zero-emission transportation," said Martin Schuermann, Chief Executive Officer of Vision Industries. "This partnership between the ports and private industry has brought tangible results that will lead to cleaner air and green jobs in California."
Total Transportation Services Inc. (TTSI) will operate the Vision truck under typical short-haul conditions at the ports for the next 6 months. The vehicle is an electric truck with a battery recharged by a hydrogen fuel cell which generates electricity from a reaction of hydrogen and oxygen. There is no combustion and no air pollution. Pure H20 is the only by-product
"I'm very pleased that the ports can play a role in developing and testing this new technology through our Technology Advancement Program. This is a promising and exciting new technology," said Susan E. Anderson Wise, Long Beach Board of Harbor Commissioner President. "We're all looking forward to seeing how it performs on the docks."
"Success requires collaboration, and that's what you see here today between the ports, private industry and government agencies," said David Arian, vice president of the Los Angeles Harbor Commission. "This is not pie-in-the-sky technology. It's rubber to the road and we're moving forward."
Upon successful testing, TTSI plans to move forward with a Letter of Intent for the purchase of 100 vehicles at a purchase price of approximately $27 million. The Letter of Intent also gives TTSI the option to purchase an additional 300 trucks, bringing the total contract value to approximately $108 million.
"Above and beyond the benefit of zero emissions, we at TTSI believe that hydrogen fuel is the only true way to break our dependence on imported fuel," said Vic La Rosa, President of Total Transportation Services Inc. "Hydrogen is the most abundant resource on the planet."
Headquartered in Rancho Dominguez, CA, TTSI is a national , progressive, asset based logistics provider with distinct expertise in distributing imports in the US, Canada, and Mexico. TTSI offers agile distribution solutions and transportation options for the simplest delivery to the most complex supply networks. TTSI operates full-service drayage, rail service and warehousing for full container and LCL Shipments from the Ports of Los Angeles/Long Beach, San Diego, Norfolk, and Seattle/Tacoma. For more information about Total Transportation Services, Inc., please visit .
Vision is a developer of zero emission electric/hydrogen hybrid powered vehicles and turnkey hydrogen fueling systems. Vision's proprietary electric/hydrogen hybrid drive system combines the superior acceleration of a battery powered electric vehicle with the extended range provided by a hydrogen fuel cell. For more information on Vision Industries Corp., please visit
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company.
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Datum: 25.07.2011 - 08:00 Uhr
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