AMP Electric Vehicles and Momentum Dynamics Announce Joint Venture to Deploy Wirelessly Charged Electric Paratransit Vehicles with BARTA
AMP and Momentum Dynamics will supply fully electric vehicles and wireless charging pads for the existing Berks Area Regional Transportation Authority (BARTA) pilot project to begin in the first quarter of 2013.
Cincinnati,OH December 20, 2012
AMP Electric Vehicles (OTCBB and OTCQB: AMPD), a manufacturer of electric drive systems for medium-duty class 3-6 commercial truck platforms, and Momentum Dynamics Corporation (Momentum), a leader in wireless high-power electronics today jointly announced the formation of a joint venture to supply fully electric vehicles and wireless charging pads for the existing Berks Area Regional Transportation Authority (BARTA) pilot project to begin in the first quarter of 2013.
The Board of Directors for BARTA voted on, and approved the purchasing agreement of two vehicles from AMP Electric Vehicles at a board meeting last night.
"We are pleased to work with Momentum on the electrification and wireless charging project for BARTA. Both our companies recognize the importance of collaborating to integrate wireless charging technology to be used in a real-world application for BARTAs' transit vehicles", said Marty Rucidlo, President of AMP. "We see wireless charging as an important technology asset for our package delivery fleet vehicle customers as well", Rucidlo added.
Said Andy Daga, CEO of Momentum Dynamics, "We have literally been around the world to find the most capable and dependable vehicle solution for BARTA, and AMP is really unmatched with the technology they have developed for this vehicle class. When proven successful, this pilot program with BARTA will show the pathway to wireless vehicle electrification and will assist operators of fleet vehicles to reduce their operating costs dramatically. They will be able to transition cost effectively to a zero-emission vehicle solution."
"Another advantage of converting existing fleet vehicles to electric drive, by using the AMP model, is that it allows private, municipal and state or federal vehicle managers to recycle older vehicles," said Daga.
BARTA is the first major transportation authority in Pennsylvania to deploy fully electric vehicles, and the first in the US to deploy electric paratransit vehicles.
The BARTA project is being funded by Momentum Dynamics, the Commonwealth of Pennsylvania – Department of Environmental Protection, and the Pennsylvania Department of Transportation.
Dennis D. Louwerse, Executive Director/CEO, Berks Area Regional Transportation Authority stated "BARTA is pleased to be cooperating with Momentum Dynamics and AMP to be part of the alternative energy solution for our Nation. This project is about environmental stewardship, which is an important part of BARTA's Strategic Plan."
About AMP Holding Inc.:
[AMP is a plug-in electric drive motor vehicle manufacturer, founded in 2007 by entrepreneurs who have created several hi-tech companies. The AMP team is comprised of top automotive industry veterans and business executives. AMP is focused on the electrification of fleet vehicles, including medium-duty class 3-6 trucks and vans. Over the past several years, the company's vehicle electrification technology has provided new solutions to America's energy demands. For additional information visit http://www.ampelectricvehicles.com
About Momentum Dynamics Corporation:
Momentum Dynamics is an advanced electronics company committed to innovating the technology and the business structures for wireless charging for the transportation industry. The company was formed in 2009 and has specialized in high-power wireless charging using resonant magnetic induction to transfer tens of thousands of watts of power without a direct conductive connection. The Momentum Dynamics team is composed of experienced business executives and former US defense and space technology engineers. http://www.momentumdynamics.com
About Berks Area Regional Transportation Authority (BARTA):
BARTA is a public transportation system that operates in Berks County, PA. BARTA has previously implemented other alternative-fuel-vehicles in the areas of compressed natural gas and diesel Hybrid-electric. For additional information visit http://www.bartabus.com