TPI to Manufacture Composite Bus Bodies for Proterra Catalyst® Zero-Emission, Battery-Electric Buses
March 16 2017 - 4:00PM
TPI Composites, Inc., (TPI) (Nasdaq:TPIC), announced today that it
has entered an agreement to supply Proterra Inc. (Proterra) with
composite bus bodies for its Catalyst transit vehicles. Engineers
at TPI and Proterra collaborated in the design and development of a
unique structural composite bus body for the Proterra 40’ Catalyst
vehicle.
The composite structure provides a weight savings of
approximately 40% over conventional metallic space frames. This
lower mass body structure enables Proterra to provide its customers
with industry-leading range for its battery-electric vehicles.
“As transit authorities around the globe implement programs
to reduce CO2 emissions, TPI is excited to be working with
Proterra, the leader in zero-emission buses,” said Steve Lockard,
TPI’s President and CEO.
In addition to lighter weight, composite structures enable
enhanced durability and reduced maintenance costs, by providing a
corrosion-free solution. The bus body uses a combination of
reinforcement materials and careful utilization of carbon fiber to
minimize cost.
The composite bus body will be manufactured out of one of TPI’s
New England facilities. This new venture demonstrates the
incremental market opportunities and applications for TPI’s
expertise in composite technology and capabilities, while
positioning TPI as a leader in providing products and services that
showcase the importance of environmental sustainability.
“Partnering with TPI enables Proterra to support its rapidly
growing business by utilizing TPI’s extensive composite
manufacturing capabilities and factory network,” said Ryan Popple,
CEO of Proterra.
About TPI Composites, Inc.:
TPI is an innovation leader for composite structures in the
transportation market utilizing advanced composite technology and
manufacturing expertise. TPI Composites, Inc. is the largest
U.S.-based independent manufacturer of composite wind blades for
the wind energy market. TPI delivers high-quality, cost effective
composite solutions through long term relationships with leading
wind turbine manufacturers. TPI operates factories throughout
the U.S., Mexico, China and Turkey. For more information about TPI,
go to www.tpicomposites.com.
About Proterra:
Proterra is a leader in the design and manufacture of
zero-emission vehicles that enable bus fleet operators to eliminate
the dependency on fossil fuels and to significantly reduce
operating costs while delivering clean, quiet transportation to the
community. Proterra has sold more than 380 vehicles to 36 different
municipal, university, and commercial transit agencies throughout
North America. Proterra’s configurable EV platform, battery and
charging options make its buses well suited for a wide range of
transit and campus routes. With unmatched durability and energy
efficiency based on rigorous U.S. certification testing, Proterra
products are proudly designed, engineered and manufactured in
America, with offices in Silicon Valley, South Carolina, and Los
Angeles. For more information, visit:
http://www.proterra.com and follow us on Twitter
@Proterra_Inc.
Investor Relations
480-315-8742
investors@TPIComposites.com
Proterra Media Contact: pr@proterra.com
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