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ALTe signs agreement with Manheim

ABR Staff Writer Published 08 April 2011

ALTe Powertrain Technologies has signed an agreement with Manheim, a provider of automotive re-marketing services, to install ALTe powertrains in fleet vehicles.

As per the partnership, ALTe's fleet customers will be able to take their vehicle to a Manheim operating location and Manheim will retrofit their light trucks and vans with an ALTe series plug-in electric hybrid powertrain.

The fleet customer will then reinsert the vehicle back into its fleet and realize fuel economy improvements of up to 200%.

ALTe CEO John Thomas said the company is excited to have the opportunity to work with Manheim, which is recognized as the world's leading remarketing company.

"Their reputation for quality and their familiarity with the fleet industry is a perfect fit for our business model," Thomas said.

Manheim VP of frontline operations Fredrick Standfield said the company was impressed with the ALTe technology, management team, and business model and are looking forward to expanding the broad range of services that we presently offer to their fleet and automotive customers.

"This partnership will allow us to utilize available capacity in our auction facilities and complements our strategy to grow our revenue base within the clean technology space," Standfield said.

The major components of the ALTe powertrain will include a 20kWh lithium ion battery pack, a four-cylinder engine, electric drive motors, a generator, a proprietary hybrid controller unit and HVAC modules.

The company said that the powertrain is projected to provide an initial 30 miles of driving in an all-electric mode, powered directly from the lithium ion battery pack and the vehicle can then drive an estimated additional 275 miles in a charge-sustained mode before the vehicle would need to be either plugged in or refueled.

The 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.

Fuel economy is projected to increase by up to 200% with no loss in cargo capacity, increased torque, and comparable horsepower and towing capability when compared with the old V8 engine.