Vision Industries Corporation (OTCBB: VIIC) is a developer of zero-emission electric/hydrogen hybrid powered vehicles and turnkey hydrogen fueling systems. The company’s proprietary electric/hydrogen hybrid drive system combines the superior acceleration of a battery powered electric vehicle with the extended range provided by a hydrogen fuel cell.
The company on July 22nd delivered the world’s first zero-emission hydrogen fuel cell-electric Class 8 truck to Total Transportation Services Inc. The vehicle is an electric truck with a battery recharged by a hydrogen fuel cell which generates electricity from a reaction of hydrogen and oxygen. There is no combustion and no air pollution. The only by-product is H2O – water.
This firm is a nation trucking company that will test the vehicle in the ports of Los Angeles and Long Beach. The effort is part of the ports’ Technology Advancement Program, designed to encourage the commercialization of clean goods movement vehicles and equipment. Total Transportation Services will operate Vision’s truck under typical short-haul conditions at the ports for the next six months.
Upon successful testing of Vision Industries’ truck, Total Transportation Systems plans to move forward with a Letter of Intent to for the purchase of 100 vehicles at a purchase price of approximately $27 million. The Letter of Intent also gives Total Transportation Systems the option to purchase an additional 300 trucks, bringing the total contract value to approximately $108 million.
For more information on Vision Industries, please visit its website at www.visionindustriescorp.com
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