Vision Industries Finalises $27.7 Million Purchase Order for Class 8 Fuel Cell Trucks
18 May 2012
Vision Industries has finalised the purchase order agreement for 100 Tyrano Class 8 hydrogen fuel cell powered trucks with Total Transportation Services, Inc. The $27,700,000 order was originally announced in July last year; Vision Industries CEO Martin Schuermann comments:
“It has been a long road from our letter of intent signed a year ago to the closing of definite agreements. However, it was a very productive process in which we could identify specific needs of the trucking industry and translate those needs into our technology … I am looking forward to a long relationship between Vision and TTS-I.”
The purchase agreement also allows Total Transportation Services to purchase an additional three hundred Vision trucks, which could bring the total value of a contract to approximately $108,000,000.
The Tyrano is powered by a 33-kilowatt Hydrogenics fuel cell, with Siemens motors and driveline electronics by Vision, providing a 536-peak-horsepower-equivalent engine.
Image: Total Transportation Services, Inc. president Vic La Rosa [left] and Vision Industries CEO Martin Schuermann [right] (Source: Fleets & Fuels Show Times)