ALTe SIGNS LONG-TERM SUPPLY AGREEMENT WITH A123 SYSTEMS FOR ADVANCED LITHIUM ION BATTERY PACKS

AUBURN HILLS, Mich., – August 25, 2011 – ALTe today announced a long-term supply agreement with A123 Systems for complete lithium ion battery packs to be integrated into ALTe’s range-extended hybrid electric powertrain systems. Built on A123’s advanced Nanophosphate® technology, the 21.6kWh packs are designed to deliver high power, greater usable energy, long life and increased safety, forming a critical part of the ALTe powertrain. The packs will be matched with a four-cylinder engine, electric motors and proprietary controls modules to increase fuel economy by up to 200 percent.

“We selected A123 Systems as a primary supplier of lithium ion battery technology because the company’s cost-competitive, high-quality solutions meet the rigorous performance, safety and durability needs of our powertrain platform,” said ALTe CEO John Thomas. “With A123’s battery packs as an integral part of our systems, we will be able to provide a compelling hybrid retrofit solution that can exceed both the power and efficiency demands of the fleet market.”

The ALTe powertrain is targeted toward the light truck market (including full size pickups and vans) with a focus on commercial, government and utility fleets. The system is expected to provide an initial 30 miles of driving in an all-electric mode, and an estimated additional 270 miles in a charge-sustained mode before the vehicle would need to be either refueled or plugged in. The A123 battery pack can be charged within an eight-hour timeframe from a 110-volt outlet or in about four hours from a 220-volt outlet. In addition to significant fuel economy savings, the system increases the vehicle’s torque while offering similar cargo capacity, horsepower and towing capability compared to trucks with the original V8 engine. ALTe expects to begin accepting purchase orders by the end of 2011 and plans to start installing its electric powertrain systems in summer 2012.

“We believe that ALTe’s innovative powertrain systems will enable organizations to cost-effectively hybridize their fleets of light trucks to realize the significant economic, environmental and operational benefits of electrification,” said Jason Forcier, vice president of A123’s Automotive Solutions Group. “We consider our Nanophosphate lithium ion battery packs to be optimal for this application, and look forward to a long-term relationship with ALTe helping its customers realize the fuel economy improvements and total cost of ownership advantages that electrification offers over trucks with conventional powertrains.”

About ALTe

ALTe is the developer of a Range Extended Electric Powertrain used to repower light commercial vehicles. The system will be retrofit into existing fleet vehicles as well as used in “glider” applications of new vehicles to dramatically increase their fuel economy and lower emissions. Designed to replace a base V-8 internal combustion engine powertrain, the system’s patented technology improves fuel economy from 80 percent to 200 percent. Based in Auburn Hills, Michigan, the company is headquartered in a 185,000 square foot facility where it will assemble its powertrains that will be shipped to Manheim installation locations across North America. For more information, visit http://www.altept.com.

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AUBURN HILLS, Mich., – August 23, 2013 –ALTe Powertrain Technologies (ALTe), the developer of the first range-extended plug-in electric hybrid vehicle powertrain for light commercial fleet vehicle applications, announced today that it has received the formal Certificate of Approval for a Foreign Owned Joint Venture from the Chinese government.

CHICAGO, IL, – June 7, 2012 – ALTe Powertrain Technologies, developer of the first range-extended plug-in electric hybrid powertrain for light commercial fleet vehicle applications, today announced that it has created a Commitment to Action as part of the Clinton Global Initiative America (CGI America) meeting. ALTe has committed to spur adoption of hybrid electric technology in the worldwide fleet industry and bolster clean technology jobs in America.

May 16, 2012 – The crew at Translogic took the time to stop by and see the the team at ALTe Powertrain Technologies. Founded by a group of former Tesla Motors executives, the company focuses on building plug-in hybrid conversions for fleet vehicles.

AUBURN HILLS, Mich., – April 16, 2012 – ALTe Powertrain Technologies and Club Assist today announced a joint development project to study ALTe’s powertrain technology in Club Assist’s fleet. Project will be a first for Club Assist, a company committed to electrification of fleets.

AUBURN HILLS, Mich., – March 22, 2012 –ALTe more than doubles miles per gallon for the popular E350 full-size fleet van.

February 29, 2012 – Extended range electric vehicle powertrain company ALTe (earlier post) is tracking to produce a limited number of production-caliber vehicle powertrains by December, and plans to ramp up production in the first quarter of 2013.

January 11, 2012 – Alternative-fuel and fuel-efficient vehicles are increasingly becoming fleet mainstays — electric vehicles and hybrids are a common sight in a growing number of fleets

December 3, 2011 – ALTe Powertrain Technologies and Coda Automotive are two of America’s Most Promising Companies, according to Forbes. The conservative business mag’s annual list spotlights 100 privately-held companies with compelling business models, strong management teams, plenty of capital, and notable customers and strategic partners.

AUBURN HILLS, Mich., – December 1, 2011 – Forbes Magazine has named ALTe Powertrain Technologies (ALTe), developer of the first range-extended plug-in hybrid electric vehicle powertrain for light commercial fleet vehicle applications, as one of America’s Most Promising Companies.