WOOD DALE, Ill., May 04, 2016 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (PSI) (NASDAQ:PSIX) today announced that TICO Manufacturing will showcase a new propane-fueled (LP) terminal tractor powered by the PSI 8.8-liter engine at the 2016 Alternative Clean Transportation “ACT” Expo, the world’s largest clean fleet event. Visitors can find the new product at the Propane Education & Research Council (PERC) exhibit, number 911.
The new propane-fueled tractor is one of the first products that TICO is launching after signing a supply agreement with PSI. Under the terms of the agreement, PSI will design and integrate a family of customized gasoline and propane engines into TICO’s Pro-Spotter terminal tractors. TICO terminal tractors are used at distribution centers, rail terminals and ports.
"We’re very excited to begin what we hope will be a long and successful relationship with PSI,” said TICO General Manager Frank Tubbert. “With this partnership, we’re building a strong position to capture emerging opportunities with a family of gasoline, LPG, LNG and CNG engines. I think we’ve hit a home run here.”
PSI's high-performance 8.8-liter engine and Allison automatic transmission are capable of fulfilling the power, efficiency, emissions and fuel-flexibility demands across a wide range of applications, including medium-duty trucks, buses and recreational vehicles, as well as terminal, port, warehouse and distribution applications.
“It’s great to be sharing the stage at ACT with TICO and PERC,” said Gary Winemaster, PSI’s Chairman and Chief Executive Officer. “As markets continue to respond to the growing costs and complexity of meeting emission standards by shifting to gasoline and alternative-fuels, we’re building relationships with OEMs like TICO to offer engine alternatives that are lighter, less expensive, less complex, and cleaner than diesel.”
According to PERC’s Chief Business Development Officer, Tucker Perkins, the TICO propane-fueled tractor represents a tremendous opportunity for ports and terminals to both reduce emissions and lower total vehicle operation costs by saving on fuel and maintenance.
“ACT is the ideal place for us to highlight this new product,” said Perkins. “We’re thrilled to be working with TICO and PSI to help America’s ports reduce noise, costs and emissions, while using a clean, American fuel.”
Mr. Tubbert added that TICO is running successful pilot programs across the U.S. and will begin taking orders for the new tractor in late summer of this year, with deliveries expected to begin late fall.
The sixth annual ACT Expo takes place May 2-5, 2016 at the Long Beach Convention Center in Long Beach, California.
For more information on PSI, visit http://www.psiengines.com.
About Power Solutions International, Inc.
Power Solutions International, Inc. (PSI or the Company) is a leader in the design, engineer and manufacture of emissions-certified, alternative-fuel power systems. PSI provides integrated turnkey solutions to leading global original equipment manufacturers in the industrial and on-road markets. The Company's unique in-house design, prototyping, engineering and testing capacities allow PSI to customize clean, high-performance engines that run on a wide variety of fuels, including natural gas, propane, biogas, gasoline and diesel.
PSI develops and delivers complete industrial power systems that are used worldwide in stationary and mobile power generation applications supporting standby, prime, and Co-generation power (CHP) applications; mobile industrial applications that include forklifts, aerial lifts, industrial sweepers, aircraft ground support, arbor, agricultural and construction equipment. In addition, PSI develops and delivers power systems purpose built for the Class 3 through Class 7 medium duty trucks and buses for the North American and Asian markets.
Contact: Power Solutions International, Inc. Jeremy Lessaris VP of Global Marketing & Communications +1 (630) 350-9400 firstname.lastname@example.org
Source:Power Solutions International, Inc.