NEW
YORK, Dec. 20, 2022 /PRNewswire/
-- Ideanomics (Nasdaq: IDEX), a global company focused on
accelerating the commercial adoption of electric vehicles (EV),
today announces that its subsidiary U.S. Hybrid and Toyota Tsusho
America, Inc. are commencing the second phase of collaboration to
accelerate the use of zero-emission hydrogen in port drayage
operations. U.S. Hybrid will retrofit a second Top Pick Stacker,
replacing diesel engines and drive trains with a new hydrogen fuel
cell system.
U.S. Hybrid will perform the vehicle retrofit at its facility in
Southern California and expects to
deliver the new zero-emission port drayage vehicle to the Yusen
Terminal in the first half of 2023.
"This collaboration is special for me because Ideanomics gets to
help create a better life for communities next to ports, where too
many people are still breathing air full of toxic diesel
pollution," says Robin Mackie,
president of Ideanomics Mobility. "The work doesn't stop here. U.S.
Hybrid is ready to help more port drayage fleet operators
transition to zero-emission without breaking the bank or disrupting
duty cycles. Few companies do what we do, and even fewer have the
same proven track record of safe, on-time vehicle and equipment
conversion."
With support from the U.S. and Japanese governments, Toyota
Tsusho America, Inc. is leading a consortium project to
commercialize the use of hydrogen in the Port of Los Angeles. U.S. Hybrid is supporting the
initiative by providing its engineering and design capabilities to
seamlessly integrate commercially available Hydrogen Fuel Cell
technology into existing port drayage vehicles and equipment. The
consortium recently achieved an important milestone delivering the
first hydrogen-powered top stacker unit, retrofitted by U.S.
Hybrid, at the Port of Los
Angeles.
More than 3,300 vehicles and equipment are in operation at the
Port of Los Angeles and the Port
of Long beach, two of the biggest and most economically important
ports in the United States. Many
of these vehicles and equipment are still powered by fossil fuels,
emitting significant amounts of pollution that hurts adjacent
communities and the planet.
For many fleet operators, buying new zero-emission port drayage
vehicles and equipment is not an option because of high upfront
costs and low supply. By retrofitting existing vehicles to be zero
emission, U.S. Hybrid is giving fleet operators a fast, easy and
affordable way to future-proof their fleet and comply with
regulations.
Ideanomics is solving the complexity of fleet electrification,
offering fleet operators everything they need to electrify faster,
easier, and more affordably, all in one place. With ongoing support
from Ideanomics, U.S. Hybrid is accelerating the transition of
specialty vehicles – from street sweepers to buses, to port drayage
vehicles and equipment – to zero emission.
About Ideanomics
Ideanomics is a global group with a simple mission: accelerating
the commercial adoption of electric vehicles. By bringing together
vehicles, charging, and financing solutions under one roof, we are
the one-stop partner needed to simplify the transition to and
operation of any EV fleet. To keep up with Ideanomics, please
follow the company on social @ideanomicshq or visit
https://ideanomics.com.
Safe Harbor Statement
Any statements contained in this press release that do not describe
historical facts may constitute forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including statements regarding the expected timing for the
filing of the Form 10-K, the Company's ability to regain compliance
with the Nasdaq requirements for continued listing and related
matters. These forward-looking statements are often identified by
the use of forward-looking terminology such as "believes,"
"expects," or similar expressions that involve known and unknown
risks and uncertainties. Any forward-looking statements contained
herein are based on current expectations, but are subject to risks
and uncertainties that could cause actual results to differ
materially from those indicated, including, but not limited to,
risks and uncertainties relating to the failure of the Company to
file the Form 10-K on its expected timeline and other risk factors
discussed from time to time in the Company's filings with the SEC.
These and other factors are identified and described in more detail
in the Company's filings with the SEC, including, without
limitation, the Company's most recent Form 10-K and Form 10-Q. The
Company expressly disclaims any intent or obligation to update
these forward-looking statements other than as required by
law.
Contacts:
Ideanomics, Inc.
Tony Sklar, SVP of Investor
Relations
1441 Broadway, Suite 5116, New York,
NY 10018
ir@ideanomics.com
Theodore Rolfvondenbaumen, Communications
Director
Trolfvondenbaumen@ideanomics.com
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SOURCE Ideanomics