PG&E is First to Receive Extended Range Electric Fleet Trucks from Raser Technologies
27 Julio 2010 - 7:00AM
Business Wire
Pacific Gas & Electric Company (PG&E) and Raser
Technologies, Inc. (NYSE: RZ) announced today that PG&E
will be the first company in the United States to take delivery of
Raser’s new extended range electric (E-REV) fleet trucks, designed
to achieve an average of 100 miles per gallon in typical daily
driving when recharged at night from a typical household
outlet.
The extended range electric pick-up truck can drive the first 40
miles on powerful lithium-ion batteries. It can continue driving
over 300 miles by generating its own electricity from a small
onboard gasoline-powered generator or “range extender.”
PG&E expects to take delivery of the first two E-REV fleet
trucks modified with Raser’s E-REV powertrain for initial testing
and demonstration before the end of 2010.
“PG&E is committed to reducing our emissions and strives to
be a leader in green fleet technology,” said David Meisel,
transportation services director at PG&E. “We have been
evaluating the market for over a year, and are proud to integrate
the first two near-zero emissions pick-up trucks into our
fleet.”
Pacific Gas and Electric Company operates the nation’s largest
utility fleet with more than 14,000 vehicles. It also offers some
of the cleanest electricity, with more than half of its power
coming from renewable and non-carbon sources.
Raser says it plans to offer its E-REV powertrain in both GM and
Ford models to accommodate the growing demand for clean vehicles
that can capture available federal and state incentives designed to
offset the additional cost of electrification. With a backlog of
over 10,000 soft orders for plug-in fleet vehicles already, Raser
plans to begin limited delivery to other fleets for field testing
as early as 2011. Raser also plans to offer its E-REV powertrain in
popular SUV models in the near future.
“With Raser’s new E-REV powertrain, America’s most popular
trucks and SUVs can also be some of the cleanest vehicles on the
road,” commented David West, Vice President, Marketing for Raser
Technologies.
For more information click here www.rasertech.com/trucks.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E
Corporation (NYSE:PCG), is one of the largest combined natural gas
and electric utilities in the United States. Based in San
Francisco, with 20,000 employees, the company delivers some of the
nation’s cleanest energy to 15 million people in northern and
central California. For more information visit
www.pge.com/about/newsroom/.
About Raser Technologies
Raser (NYSE: RZ) is an environmental energy technology company
focused on electric vehicles and renewable energy development.
Raser’s Power Systems segment is seeking to develop clean,
renewable energy power plants and bottom-cycling operations,
incorporating licensed heat transfer technology and Raser’s
Symetron™ technology developed by its Transportation and Industrial
segment. Raser’s Transportation & Industrial segment focuses on
extended-range plug-in-hybrid vehicle solutions using Raser’s
award-winning Symetron™ technology to improve the torque density
and efficiency of the drive systems used in electric and
hybrid-electric vehicle powertrains and industrial applications.
More information on Raser may be found at www.rasertech.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, including, but
not limited to, statements regarding our beliefs about our ability
to develop, build and sell plug-in electric vehicles; our beliefs
about the timing of when the E-REV vehicles will be delivered for
demonstration and to the market; our beliefs about the performance
and market applicability of our products and technology; our
beliefs about the status and enforceability of our intellectual
property; our beliefs about the performance capabilities of our
technology; our beliefs about the capabilities, expertise and
intentions of our partners and potential partners. These
forward-looking statements involve certain risks and uncertainties
that could cause actual results to differ, including, without
limitation, the competitive environment and our ability to compete
in the industry; our ability to adapt our technology and
third-party technology for the intended applications; our ability
to attract, train and retain key personnel; and such other risks as
identified in our quarterly report on Form 10-Q for the quarter
ended March 31, 2010, as filed with the Securities and Exchange
Commission, and all subsequent filings.
All forward-looking statements in this press release are based
on information available to us as of the date hereof, and we
undertake no obligation to update forward-looking statements to
reflect events or circumstances occurring after the date of this
press release.
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