Heramba Electric plc (NASDAQ: PITA), a global technology company
focused on decarbonizing public and commercial transportation,
announced that its wholly owned subsidiary, Kiepe Electric, is
contributing to a new regional public transit initiative. The
project, known as DRAISY, is a very light, powerful railbus
developed by French railway operator SNCF and transport system
manufacturer LOHR. Kiepe Electric will supply the highly efficient,
energy-saving traction system, which includes the Kiepe Traction
Inverter (KTI) and electric motors.
Ulrich Lauel, Global Head Rail Systems at KIEPE, said, "The
DRAISY project fits in with KIEPE's mission, because we want to
create an emission-free future with innovative, reliable and
environmentally friendly mobility solutions. I welcome the
diversity in regional public transit, as embodied by the DRAISY
light train. Especially in rural areas, it is not just about
faster, stronger, further - what is needed are economical and
reliable solutions for sustainable passenger transport. Our team is
enthusiastically working on this in this very innovative light
train project."
Economical rail transport in rural areas
The DRAISY project consists of a very light, 14-meter-long
passenger train. This rail vehicle is intended to give new impulse
to shorter railway lines in rural areas. In France, it is estimated
that there are almost 9,000 kilometers of such local routes in
rural communities. Given this potential, it is hardly surprising
that the project won in the "Digitization and decarbonization of
rail transport" category as part of the fourth edition of the
French government's Future Investment Program. In addition to SNCF
and LOHR, the winning project team includes partners GCK Battery,
Stations-e and IRT Railenium.
100% battery-powered electric light train
The DRAISY railbus is a battery-powered electric passenger train
with a range of 150 kilometers that can be quickly charged in
stations along the route without affecting passenger service. The
train, with a top speed of 100 km/h, has space for up to 80
passengers. The vehicle weight of 20 tons is only about two thirds
of a conventional regional railcar. The DRAISY concept assumes
significantly lower operating and maintenance costs compared to
current regional trains. The vehicle includes a large number of
components and systems that are already available on the market,
such as the KIEPE traction package with traction inverter. DRAISY
is expected to be in operation in Alsace from 2026.
Kiepe Traction Inverter (KTI) from KIEPE
The compact Kiepe Traction Inverter (KTI) achieves a high-power
density through efficient semiconductor technology and can be used
universally. The intelligent control system benefits from the new
Kiepe Traction Control (KTC), a motor control system to increase
the performance of the drive train. The KTI, like the entire new
generation of Kiepe Electric traction devices for electrically
powered vehicles, can be integrated into Kiepe Fleet Management
(KFM). The KFM digital solution supports the planning of predictive
services and repairs with collected and evaluated vehicle data.
The compact Kiepe Traction Inverter (KTI) is designed for rail
vehicles and reliably drives the electric motors of the DRAISY
train. | © LOHR-HAIKU DESIGN
"The DRAISY project is a groundbreaking step toward sustainable
and efficient public transit," said Michele Molinari, CEO of
Heramba Electric. "By leveraging Kiepe Electric's innovative
traction technology, SNCF and LOHR are decarbonizing transportation
and bringing a cost-effective, battery-powered solution to rural
railway lines. This project exemplifies our commitment to driving
the future of clean mobility with reliable, forward-thinking
technologies."
About Heramba Electric
Heramba Electric is a special-focused company dedicated to
accelerating decarbonized commercial transportation. Focused on
innovation and impactful developments, our vision is to help the
world seamlessly shift towards green mobility. Our investments in
sustainable, clean energy providers support Heramba Electric’s
mission to abate this transportation sector’s contribution to
global greenhouse gas emissions (GHGs). Heramba Electric is the
parent company of Kiepe Group, an international pioneer in
electric mobility for rail vehicles and buses. For more information
on Heramba Electric plc visit our website at
www.herambaelectric.com.
KIEPE, with headquarter in Düsseldorf and subsidiaries in
Austria, Canada, Italy, Switzerland and the USA, is known worldwide
for its efficient and ecologically sustainable electrical
equipment. The company has been offering solutions for light rail,
subways, regional trains, locomotives and electric buses with In
Motion Charging (IMC) and High-Power Charging (HPC) since 1906. In
addition, KIEPE provides charging systems for various applications.
Kiepe Electric GmbH is a company of Heramba Electric plc. For more
information on Kiepe Electric visit our website at
https://kiepe.knorr-bremse.com/en/de/.
Cautionary Statement Regarding Forward-Looking
Statements
Certain statements included in this communication that are not
historical facts are forward-looking statements for purposes of the
safe harbor provisions under the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements generally
are accompanied by words such as "believe," "may," "will,"
"estimate," "continue," "anticipate," "intend," "expect," "should,"
"would," "plan," "predict," "potential," "seem," "seek," "future,"
"outlook," and similar expressions that predict or indicate future
events or trends or events that are not statements of historical
matters. These forward-looking statements include, but are not
limited to, statements regarding the plans and objectives of
management for future operations, business strategy, anticipated
growth and market opportunity. These statements are based on
various assumptions, whether or not identified in this
communication, and on the current expectations of Heramba Electric
management and are not predictions of actual performance. These
forward-looking statements are provided for illustrative purposes
only and are not intended to serve as, and must not be relied on by
any investor as, a guarantee, an assurance, a prediction or a
definitive statement of fact or probability. Actual events and
circumstances are difficult or impossible to predict and will
differ from assumptions. Many actual events and circumstances are
beyond the control of Heramba Electric. These forward-looking
statements are subject to a number of risks and uncertainties,
including (i) changes in domestic and foreign business, market,
financial, political and legal conditions; (ii) the ability to
continue to meet stock exchange listing standards following the
consummation of the Business Combination; (iii) failure to realize
the anticipated benefits of the Business Combination, which may be
affected by, among other things, competition, the ability of the
combined company to grow and manage growth profitably, maintain
relationships with customers and suppliers and retain its
management and key employees; (iv) changes in applicable law or
regulations; (v) the outcome of any legal proceedings that may be
instituted against Heramba Electric, PERAC or Heramba; (vi) the
effects of competition on Heramba Electric's future business; (vii)
the ability of Heramba Electric to finance future operations;
(viii) the enforceability of Heramba Electric's intellectual
property rights, including its copyrights, patents, trademarks and
trade secrets, and the potential infringement on the intellectual
property rights of others; and (ix) those factors discussed under
the heading "Risk Factors" in the definitive proxy
statement/prospectus filed on March 19, 2024 by Heramba Electric
and other documents filed, or to be filed, by Heramba Electric with
the U.S. Securities and Exchange Commission. If any of these risks
materialize or the assumptions prove incorrect, actual results
could differ materially from the results implied by these
forward-looking statements. There may be additional risks that
Heramba Electric does not presently know or that Heramba Electric
currently believes are immaterial that could also cause actual
results to differ from those contained in the forward-looking
statements.
In addition, forward-looking statements reflect Heramba
Electric's plans or forecasts of future events and views as of the
date of this communication. Heramba Electric anticipates that
subsequent events and developments may cause Heramba Electric's
assessments to change. However, while Heramba Electric may elect to
update these forward-looking statements at some point in the
future, Heramba Electric specifically disclaims any obligation to
do so. Nothing in this communication should be regarded as a
representation by any person that the forward-looking statements
set forth herein will be achieved or that any of the contemplated
results of such forward-looking statements will be achieved.
Accordingly, undue reliance should not be placed upon the
forward-looking statements.
For further information and inquiries, please
contact:
MediaParagon PRSimon Hylson-Smithheramba@paragonpr.com
InvestorsHayden IR James Carbonara
(646)-755-7412james@haydenir.com
Atlanta Capital Partners, LLCDavid L. Kugelman(866) 692-6847
Toll Free - U.S. & Canada(404) 281-8556 Mobile and
WhatsAppdk@atlcp.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/2f8e550a-988f-453a-9acf-7074dd99a12b
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