ALLEN PARK, Mich., June 14, 2011 /PRNewswire/ -- EcoMotors
International and Generac Power Systems, Inc. (NYSE: GNRC) have
announced an agreement to jointly develop the revolutionary
EcoMotors opoc® engine for Generac products. The agreement is
designed to enable Generac to apply the opoc® technology to its
market-leading range of residential, commercial and industrial
power generation solutions.
"We are very excited to partner with Generac on this
game-changing initiative for the power generation industry," said
Don Runkle, CEO of EcoMotors.
"Together, our organizations look forward to bringing clean,
efficient opoc®-powered Generac products to the power generation
market in the near future."
Aaron Jagfeld, CEO of Generac, added, "This agreement with
EcoMotors reflects Generac's proud role as the standby power
generation industry leader and innovator, and our continual quest
to bring new technologies that add value for our customers and
shareholders."
Allen Gillette, Generac's Senior
Vice President of Engineering, noting the inherent functional
advantages of opoc® said, "We believe that this remarkably
compact and flexible engine can play a key role in ensuring that
Generac products remain responsive to our customer needs, and to
further distinguish Generac in terms of advanced technologies that
are environmentally sound."
Since 1959, Generac has been a leading manufacturer of backup
power generation products serving residential, light commercial and
industrial markets. Generac's power systems range in output from
800 watts to 9 megawatts and are available through a broad network
of independent dealers, retailers and wholesalers. Generac is
committed to developing a long-term vision that promotes
environmentally responsible products, processes and partnerships
and strives to be a positive contributor of sustainable growth in
the backup power generation industry. For more information on
Generac and its extensive line of both portable and automatic
generators, visit www.GENERAC.com.
Established in early 2008, EcoMotors is changing the landscape
of internal combustion power. Based in Allen Park, Mich., EcoMotors is
commercializing the unique opoc® engine for use in cars, light
trucks, commercial vehicles, aerospace, marine, agriculture,
auxiliary power units, generators, etc. Anywhere conventional gas
or diesel power is currently utilized, opoc® represents a better
propulsion solution.
The two primary investors in EcoMotors are Khosla Ventures and
Bill Gates. Khosla Ventures, based
in Menlo Park, California, offers
venture assistance, strategic advice and capital to entrepreneurs.
The firm helps entrepreneurs extend the potential of their ideas in
breakthrough scientific work in clean technology areas such as
solar, battery, high efficiency engines, lighting, greener
materials like cement, glass and bio-refineries for energy and
bio-plastics, and other environmentally friendly technologies as
well as traditional venture areas like the Internet, computing,
mobile and silicon technology arenas. Vinod
Khosla, who founded the firm in 2004, is a founder of Sun
Microsystems and was formerly a General Partner at Kleiner Perkins.
SOURCE EcoMotors International