Doubling All-Electric Fleet, Adding Hybrid-Electric Vehicles, Piloting Low-Weight Composite Vehicles, and Upgrading Thousands of Conventional Vehicles to more Fuel-Efficient, Lower- Emitting Choices FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, continues its holistic fleet approach to fuel efficiency with significant expansion of its lower polluting, energy efficient vehicles. FedEx Express placed 24 new all-electric vehicles into service, expanding to three new cities and more than doubling its fleet to 43 all-electric vehicles while growing the diversity of suppliers it uses for electric vehicles. At the same time, FedEx Express will added more hybrid-electrics, using composite vehicles and upgrading over a tenth of its conventional vehicle fleet to more energy-efficient vehicles.
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A123 Systems Congratulates BMW on Launch of ActiveHybrid 5 and ActiveHybrid 3 Hybrid Electric Vehicles
Cutting-Edge HEVs Combine Robust Electronics and Advanced Energy Management Technologies Powered by A123’s Nanophosphate(R) Lithium Ion Battery Technology WALTHAM, Mass., Jan 11, 2012 (GlobeNewswire via COMTEX) — A123 Systems /quotes/zigman/111811/quotes/nls/aone AONE -2.86% , a developer and manufacturer of advanced Nanophosphate(R) lithium ion batteries and systems, congratulates BMW on the launch of the ActiveHybrid 3 and ActiveHybrid 5 hybrid electric vehicles, which are on display at the 2012 North American International Auto Show (NAIAS) in Detroit. Consistent with BMW’s commitment to automotive engineering excellence, these vehicles combine innovative systems that are designed to deliver both increased fuel economy and superior driving performance. A123 is pleased to be the lithium ion battery supplier for both the ActiveHybrid 3 and ActiveHybrid 5. “We believe that the ActiveHybrid 5 and ActiveHybrid 3 are truly remarkable vehicles. They employ sophisticated power electronics and advanced energy management technologies that showcase BMW’s commitment to both cutting-edge innovation and environmental responsibility,” said Jason Forcier, vice president of the Automotive Solutions Group at A123. “These systems require robust batteries to maximize their efficiency and performance, so we believe that BMW’s selection of A123 as the battery supplier for the ActiveHybrid 5 and ActiveHybrid 3 is strong validation for our advanced Nanophosphate lithium ion technology. We look forward to working with BMW as it continues to embrace vehicle electrification.” The ActiveHybrid 5 and ActiveHybrid 3 use A123’s 32113 batteries, which are designed to deliver the high power, increased usable energy, extended life and overall performance capabilities necessary to meet the requirements of the advanced systems integrated into each vehicle.