Technipower Previews Patented Electric Transaxle(TM) Technology
22 Ottobre 2009 - 2:30PM
PR Newswire (US)
DANBURY, Conn., Oct. 22 /PRNewswire-FirstCall/ -- Technipower
Systems, Inc. (TECZ.PK), formerly Solomon Technologies, Inc., today
provided a detailed overview of its Electric Transaxle(TM) in a
white paper posted on its web site,
http://www.technipowersystems.com/et-whitepaper. The Electric
Transaxle encompasses patented technology that provides a unique
value proposition and unparalleled flexibility in a wide range of
vehicular applications. As a drop-in drive train for either OEM or
retrofit electric vehicle applications, the Electric Transaxle
replaces the vehicle's transmission, driveshaft and differential
axle -- all within a compact envelope. The Electric Transaxle
offers substantially increased vehicle efficiency, easy adaptation
to existing vehicle space constraints, broad scalability for
varying power requirements and complete function programmability
for all operating conditions. The white paper provides both the
technical and non-technical reader with details on the fundamental
principles of the Electric Transaxle and the unique characteristics
that make it flexible in a broad array of uses. Peter DeVecchis,
Jr., President of Technipower, commented, "The Electric Transaxle
is a disruptive technology that is the first motor/transmission
device that can be built into the space constraints of a
traditional differential axle assembly, while at the same time
providing great flexibility and control over a wide range of
operational modes. The US government's enactment of new energy
credits for Plug-in Electric Vehicles (PEV's) and the general
increase in visibility for vehicle electrification add
substantially to the market for the technology." DeVecchis
continued, "Although the breadth of retrofit applications in the US
alone is tremendous, there are many other interesting opportunities
in larger vehicle platforms in both the military and commercial
sectors. With the underlying technology in the Electric Transaxle
already well developed in numerous passenger vehicles, we are
confident that our focus in the renewable energy segments will be a
great benefit to our stakeholders in the near term." Information
about Technipower Systems, Inc.: Technipower Systems, Inc.
(formerly Solomon Technologies, Inc.) and its wholly owned
subsidiary design and manufacture electrical and electromechanical
power systems requiring high levels of reliability and ruggedness
for defense, aerospace, marine and commercial applications. The
Company's expansion in to the clean energy markets includes its
Instant Solar(TM) ground mounted solar system as well as its
patented Electric Wheel® and Electric Transaxle(TM)
hybrid/regenerative technologies for hybrid-electric and
all-electric vehicles. FORWARD LOOKING STATEMENTS: This press
release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. The
statements regarding Technipower Systems, Inc. in this release that
are not historical in nature, particularly those that utilize the
terminology such as "may," "will," "should," "likely," "expects,"
"anticipates," "estimates," "believes," or "plans," or comparable
terminology, are forward-looking statements based on current
expectations about future events, which management has derived from
the information currently available to it. It is possible that the
assumptions made by management for purposes of such statements may
not materialize. Actual results may differ materially from those
projected or implied in any forward-looking statements. Important
factors known to management that could cause forward-looking
statements to turn out to be incorrect have been identified and
discussed from time to time in the Technipower's filings with the
Securities and Exchange Commission. The forward-looking statements
contained in this release speak only as of the date hereof, and
Technipower undertakes no obligation to correct or update any
forward-looking statements, whether as a result of new information,
future events or otherwise. Contact us for more information
Technipower Systems, Inc. Peter W. DeVecchis, Jr. 203-748-7001 Ext.
212 http://www.technipowersystems.com/ DATASOURCE: Technipower
Systems, Inc. CONTACT: Peter W. DeVecchis, Jr. of Technipower
Systems, Inc., +1-203-748-7001 Ext. 212 Web Site:
http://www.technipowersystems.com/
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