CINCINNAT — AMP Holding Inc. (OTCQB: AMPD), parent company of AMP Trucks Inc., entered into a purchase agreement to supply five Workhorse E-GEN™ electric trucks to Alpha Baking Company, Inc. of Chicago. This is the second agreement AMP has signed to supply E-GEN trucks to a Chicago company, in a city that is incentivizing funding of electric trucks.
In announcing this new order, Steve Burns, CEO of AMP Holding Inc., said, "We are delighted to be working with Alpha Baking and having our E-GEN trucks on the streets in Chicagoland. The E-GENs set a new standard for the product delivery market and we believe that it will set a new standard for the baking industry, an industry whose local delivery routes are perfectly suited for our E-GEN trucks."
The order is for five Workhorse E-GEN electric trucks to be deployed throughout Alpha Baking's Chicagoland delivery routes, with the potential to add additional trucks to be deployed in additional delivery routes in the Alpha Baking system.
The Workhorse E-GEN truck is the first of its kind: purpose-built for the product and package delivery vehicle market, it offers three times the miles per gallon than typical gasoline-powered bread trucks in use today. The E-GEN power train is unique in that it employs a 2200 nm permanent magnet motor/generator for propulsion plus a 2.4 liter internal combustion engine that turns the electric motor in generator mode to recharge the battery pack when the state of charge reaches a pre-determined level and the vehicle is parked.
Bob McGuire, Alpha Baking's Vice President, Director of Logistics, added, "We're excited to be working with AMP Trucks and look forward to deploying these vehicles in Chicago. Their unique capabilities give us a real opportunity to take advantage of their energy-efficient operation and at the same time they significantly reduce emissions."
The Workhorse E-GEN trucks qualify for incentive funding through the Drive Clean Chicago program designed to make the cost of electric trucks comparable to their gas or diesel counterparts.
About AMP Holding Inc.
AMP Holding Inc. is the parent company of AMP Electric Vehicles Inc. and AMP Trucks Inc. AMP Electric Vehicles manufactures electric drive systems for medium-duty, class 3-6 commercial truck platforms. AMP Trucks, Inc., which purchased the assets of Workhorse Custom Chassis LLC from Navistar in March of 2013, can equip its Workhorse chassis with gasoline, propane, or CNG engines. For additional information visit http://www.ampelectricvehicles.com
About Alpha Baking Company, Inc.
Alpha Baking Company, Inc. is a privately owned manufacturer of bread, buns, and rolls. Headquartered in Chicago, Alpha Baking produces bread products for retail and fresh local distribution and frozen distribution nationwide. With production plants in Illinois, Indiana and Wisconsin, Alpha Baking employs over 1400 people and utilizes over 300 trucks in its delivery fleet. Well-known retail brands include Natural Ovens Bakery and S. Rosen's, which was founded in Chicago in 1909 and is served in over 90 percent of Chicagoland hot dog stands. For more information on Alpha Baking's product offerings, company history and executive staff, please visit http://www.alphabaking.com.
Source: Alpha Baking Company, Inc.
