AMP/Workhorse will build the new chassis and install the battery electric drive train at its Union City, IN assembly plant.
Cincinnati, OH (PRWEB) December 05, 2013
AMP Holding, Inc. (OTCBB and OTCQB: AMPD) announced today that its AMP Trucks subsidiary has received an initial purchase order for Workhorse E-100 Walk-In Vans. The Workhorse Electric Vans have a range of up to 100 miles and will be built on the renowned W62 chassis.
"These vehicles are particularly well-suited for the stop and go nature of route delivery," said Steve Burns, CEO of AMP/Workhorse. "With electric cost of approximately $0.11 per mile, these trucks are remarkably cost-efficient, dependable, zero-emission vehicles."
Marty Rucidlo, President of AMP/Workhorse added, "Our customer has one of the largest private fleets in the country and we appreciate the confidence they have shown in working with us."
AMP/Workhorse will build the new chassis and install the battery electric drive train at its Union City, IN assembly plant. In addition to battery electric power, AMP can also equip its Workhorse chassis with gasoline, propane, or CNG engines.
The Workhorse E-100 All-Electric Walk-In Van is approved for incentive funding through the NYSERDA program in New York State and the HVIP program in California. These incentive programs make the cost of a Workhorse all-electric truck on par with traditional diesel trucks, thereby offering great savings on fuel for the life of the truck.
About AMP Holding, Inc.
AMP Holding, Inc. is the parent company of AMP Electric Vehicles Inc. and AMP Trucks, Inc. AMP Electric Vehicles manufactures electric drive systems for medium-duty, class 3-6 commercial truck platforms. AMP Trucks, Inc., which purchased the assets of Workhorse Custom Chassis LLC from Navistar in March of 2013, can equip its Workhorse chassis with gasoline, propane, or CNG engines. For additional information visit http://www.ampelectricvehicles.com.
Certain statements contained in this press release may constitute "forward-looking statements."
Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.
AMP Holding, Inc.
AMP Electric Vehicles