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AMP Holding Inc. Receives Order for E-GEN(TM) Electric Workhorse Trucks With Onboard Emergency Generator From Major Transportation Company

CINCINNATI, Nov. 24, 2014 (GLOBE NEWSWIRE) -- AMP Holding Inc. (OTCQB:AMPD), parent company of AMP Trucks Inc., has entered into a purchase agreement with a major transportation company to supply two E-GEN electric Workhorse Walk-In Vans.

This order comes on the heels of AMP Holding's recently announced agreement with a major transportation company to supply 18 all-electric Workhorse E-100 Walk In Vans to be deployed in the Houston-Galveston, Texas area.

In announcing this new order, Steve Burns, CEO of AMP Holding, said, "Having one of the world's major transportation companies choose our E-GEN™ Electric Workhorse Trucks to support their commitment to sustainability is an honor. We look forward to delivering these vehicles and building greater value as we nurture this relationship."

The Workhorse E-GEN truck is the first of its kind: Purpose-built for the package delivery vehicle market, it is expected to offer three-times the miles per gallon than typical gasoline-powered vans 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 under certain conditions.

E-GEN is designed for the stop and go nature of package delivery drive cycles: Recharging only occurs if the battery state of charge falls below a predetermined level, the emergency brake is on, the vehicle is in Park and the key is out. Recharging is designed so that it can occur while the driver is making a delivery, loading new packages, or at lunch.

"The Workhorse E-GEN trucks are designed to meet the needs and expectations of daily duty cycles – while saving our buyers an estimated $100,000 per truck in fuel and operational costs, based on today's prices of gasoline and electricity, over a vehicle's lifetime of use. As such, truck-by-truck, our zero emission driving experience is re-inventing the local delivery vehicle options for fleet buyers across a variety of industries," elaborated Mr. Burns. "With the capability of recharging en-route, range anxiety is virtually eliminated."

Built on the new, narrow track W88 chassis, the E-GEN trucks come with a 60 kWh lithium battery pack featuring Panasonic 18650 cells that provide power to a 2200 nm (268 bhp) permanent magnet motor powerful enough to eliminate the need for a transmission. AMP's proprietary onboard telematics capture thousands of data points to measure vehicle performance and efficiency.

AMP Workhorse E-GEN Trucks are priced to generate a positive return on investment in just over 36 months.

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

CONTACT: Daniel Zito Director/Business Development AMP Electric Vehicles Inc. AMP Trucks Inc. Workhorse dan.zito@workhorse.com 513-300-5910 Public Relations: Enrique Briz Dian Griesel Int'l. ebriz@dgicomm.com 212-825-3210Source:AMP Holding Inc.