January 31, 2008
ISE Gasoline Hybrid Drive Systems to Power New 35′ and 40′ Buses for San Diego MTS
ISE Corporation, the leading provider for gasoline hybrid drive systems for transit buses, announced today that New Flyer Industries had been awarded a contract to provide hybrid buses equipped with ISE's hybrid drive systems to the San Diego Metropolitan Transit System (MTS). ISE has received an initial order from New Flyer Industries for the supply of 12 gasoline hybrid drive systems to be delivered in the third quarter of 2008. The Metropolitan Transit Development Board (MTDB) authorized the purchase of up to 20, 35-foot gasoline hybrid buses for delivery this fall, and up to 350, 40-foot CNG or gasoline hybrid buses over the next five years.
Serving approximately three million people in San Diego County, MTS provides bus and rail services directly or by contract with public or private operators with 82 fixed-bus routes operated by SDTC, MTS Contract Services, and Chula Vista Transit. "MTS is committed to dedicated leadership in clean, safe, and environmentally friendly transportation," said Paul Jablonski, CEO of San Diego MTS. "The next step in this commitment to clean transportation is launching a series of gasoline hybrid buses from local San Diego manufacturer, ISE, which are substantially cleaner than conventional systems."
The hybrid buses will feature New Flyer Industries' advanced aerodynamic design for both 35- and 40-foot low-floor transit buses. "New Flyer is excited to expand its leadership in clean, environmentally friendly transit buses by providing hybrid buses equipped with ISE's gasoline hybrid drive to the sixth largest city in the U.S., San Diego. As the first to launch the ISE gasoline hybrid system in the industry, and with over 300 orders and options for the systems prior to this award, the ISE product has been a successful new product for the transit industry," said John Marinucci, CEO of New Flyer Industries.
About ISE Corporation:
ISE Corporation, based in San Diego, CA, is a leading supplier of hybrid drive systems and components for heavy-duty vehicles such as buses, trucks, trams, airport equipment, and military vehicles. ISE is a world leader in electric, hybrid-electric, and fuel cell technologies, and the only authorized distributor of Siemens ELFA(R) electric and hybrid-electric drive components for the U.S. transit bus market. www.isecorp.com
Safe Harbor Statement: Certain statements contained in this press release are forward-looking in nature. ISE's business and operations are subject to a variety of risks, uncertainties and other factors. Consequently, actual results may materially differ from those projected and/or stated by any forward-looking statements. ISE Corporation makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made.
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ISE Contact: Gary Willms Vice President Business Development, ISE Corporation Email Contact
SOURCE: ISE Corporation