CLEVELAND, Sept. 15 /PRNewswire-FirstCall/ -- Parker
Hannifin Corporation (NYSE: PH), the global leader in motion and
control technologies, in partnership with Autocar, a leading
manufacturer of commercial vehicles and class 8 trucks, today
delivered hybrid-powered refuse vehicles that place three
South Florida municipalities among
the nation's pioneers in adopting the best technology available to
promote cost savings and sustainability in their communities.
The new Autocar E3 refuse vehicles feature Parker's RunWise®
advanced series hybrid drive system, which dramatically increases
fuel savings and lowers emissions even as it improves drivability
and performance.
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At its National Vehicle and Fuel Emissions Laboratory in
Ann Arbor, Michigan, EPA played a
significant role in pioneering hydraulic hybrid technology and
partnered with Parker and Autocar in the early testing of these
vehicles.
"Hydraulic hybrid technology represents a breakthrough in
efforts to reduce fuel use and pollution from these vehicles," said
Margo T. Oge, Director of EPA's
Office of Transportation and Air Quality. "With the benefits of
this technology, we believe these trucks will play a key role in
creating a cleaner environment for these communities."
"We have spent many years advancing our unique hydraulic hybrid
technology and adapting it for use across a number of vehicle
platforms," said Jeff Cullman, Group
President, Hydraulics for Parker
Hannifin. "These deliveries today, in partnership with our
customer Autocar, represent the first commercial use of this
technology and we commend the City of
Miami, the City of Hialeah,
and Miami-Dade County for the
pioneering role they are playing in reducing the costs of operating
their refuse collection fleet and for their efforts to go green for
the benefit of their communities."
Jim Johnston, President of
Autocar, commented, "Autocar is committed to producing new products
that deliver where it matters – environmentally, efficiently, and
economically. Our pledge to being the industry's Green Leader is
demonstrated by the release of the Xpeditor E3 series. These
vehicles, which utilize the RunWise advanced series hybrid drives
from Parker Hannifin, offer the
greatest fuel savings of any comparable product or technology,
while lowering emissions, decreasing noise, and contributing to the
operator's bottom line."
The RunWise® advanced series hybrid drive technology performed
so well in South Florida field
trials last summer that the communities of Hialeah, Miami-Dade
County, and the City of
Miami chose to upgrade their refuse collection fleets and
purchase a total of 11 Autocar E3 trucks with the new RunWise
technology. RunWise features proprietary software that allows
for seamless shifting and smoother braking, improving drivability.
During a full month of testing in South Florida, the RunWise system registered a
42 percent reduction in fuel consumption, which is equivalent to
nearly double the miles per gallon. On an annual basis, the
green technology reduces each truck's carbon footprint by more than
38 tons along routes with frequent stops. In addition, the
technology extends the brake life for each truck by up to 8 times
depending on the duty cycle, resulting in dramatically reduced
maintenance costs.
Speaking at separate ceremonies to deliver the vehicles, public
officials noted the benefits for their communities.
Mayor of Hialeah, Julio Robaina said, "I have challenged my staff
to find clean energy options and reduce the City's carbon
footprint. The Autocar E3 Hybrid Refuse Recycle featuring the
Parker RunWise technology will play an important part in our
city-wide energy efficiency plan by providing vital services to the
citizens of Hialeah and protecting
the environment for our future generations."
"Our partnership with Parker
Hannifin makes us the first municipal solid waste agency in
the United States to use this
unique hybrid technology in our waste collection vehicles," said
Department of Solid Waste Management Director Kathleen Woods-Richardson. "This will
allow us to do our part to help make Miami-Dade as green and environmentally
friendly as possible."
In Miami, Mayor Tomas Regalado said, "The City of Miami is excited and proud to be one
of the first cities in the country to receive the Autocar E3
equipped with Parker Hannifin's
RunWise hydraulic hybrid technology. The addition of this
eco-friendly vehicle to our fleet is another step we are taking to
make Miami one of the cleanest
cities in America."
With annual sales of $10 billion
in fiscal year 2010, Parker Hannifin
is the world's leading diversified manufacturer of motion and
control technologies and systems, providing precision-engineered
solutions for a wide variety of mobile, industrial and aerospace
markets. The company employs approximately 55,000 people in 46
countries around the world. Parker has increased its annual
dividends paid to shareholders for 54 consecutive fiscal years,
among the top five longest-running dividend-increase records in the
S&P 500 index. For more information, visit the company's web
site at http://www.parker.com, or its investor information web site
at http://www.phstock.com. For additional information on the
RunWise advanced series hybrid drive system visit
http://parkerhybrid.parker.com
Forward-Looking Statements
Forward-looking statements contained in this and other written
and oral reports are made based on known events and circumstances
at the time of release, and as such, are subject in the future to
unforeseen uncertainties and risks. All statements regarding future
performance, earnings projections, events or developments are
forward-looking statements. It is possible that the future
performance and earnings projections of the company and individual
segments may differ materially from current expectations, depending
on economic conditions within its mobile, industrial and aerospace
markets, and the company's ability to maintain and achieve
anticipated benefits associated with announced realignment
activities, strategic initiatives to improve operating margins,
actions taken to combat the effects of the current economic
environment, and growth, innovation and global diversification
initiatives. A change in economic conditions in individual markets
may have a particularly volatile effect on segment results. Among
the other factors which may affect future performance are: changes
in business relationships with and purchases by or from major
customers, suppliers or distributors, including delays or
cancellations in shipments, disputes regarding contract terms or
significant changes in financial condition, and changes in contract
cost and revenue estimates for new development programs;
uncertainties surrounding timing, successful completion or
integration of acquisitions; ability to realize anticipated cost
savings from business realignment actions; threats associated with
and efforts to combat terrorism; uncertainties surrounding the
ultimate resolution of outstanding legal proceedings, including the
outcome of any appeals; competitive market conditions and resulting
effects on sales and pricing; increases in raw material costs that
cannot be recovered in product pricing; the company's ability to
manage costs related to insurance and employee retirement and
health care benefits; and global economic factors, including
manufacturing activity, air travel trends, currency exchange rates,
difficulties entering new markets and general economic conditions
such as inflation, deflation, interest rates and credit
availability. The company makes these statements as of the date of
this disclosure, and undertakes no obligation to update them unless
otherwise required by law.
SOURCE Parker Hannifin Corporation
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