SAN
DIEGO, CA, March 12, 2008 — ISE Corporation
(ISE), a leading supplier of hybrid drive systems for
heavy duty vehicles, and a subsidiary of Renewable
Energy Group, Inc. (REG), one of the nation's largest
producers and marketers of high quality biodiesel,
have entered into an exclusive biodiesel co-marketing
agreement for marketing REG-produced biodiesel to ISE
hybrid drive system customers. ISE will market and
promote REG-produced biodiesel to certain approved
customers in conjunction with ISE's hybrid drive system
products. The use of biodiesel to fuel ISE's diesel-hybrid
drive systems will enable customers to substantially
lower their greenhouse gas emissions, in addition to
the NOx and PM emissions reductions already enabled
by ISE's diesel-hybrid drive systems.
Initial target market segments will
include transit buses, refuse vehicles and port drayage
vehicles in the United States. Under the agreement, ISE
will introduce REG-produced biodiesel to certain ISE
hybrid drive system customers. REG will contract directly
with such customers to provide high quality biodiesel
and injection equipment which allows biodiesel to be
mixed with petroleum diesel at any blend level. ISE will
assist REG in identifying customer depot locations, number
of vehicles, existing fuel tank sizes, and potential
locations for biodiesel utilization.
"We are excited about making biodiesel
available to our customers and look forward to collaborating
with REG in this important project," said David Mazaika,
CEO of ISE Corporation. "With REG providing biodiesel
direct to our customers, this will accelerate broader
use of this reasonably priced, environmentally sensitive
fuel, while substantially reducing greenhouse gas emissions
from these heavy duty vehicles."
"Municipalities, government fuel purchases
and fleet operators are increasingly demanding high quality
biodiesel to help meet state and federal emissions requirements
and meet their constituents' demands for ways to 'go
green,'" explained Jon R. Scharingson, REG's Director
of Marketing. "REG is excited to enter into this partnership
with ISE as a way to offer large volumes of high quality
biodiesel to be distributed to a market segment looking
to adopt environmentally sustainable transportation options."
Biodiesel can easily be introduced into
diesel-hybrid fleets. Biodiesel is mixed with petroleum
diesel at any blend level; the most popular mix is currently
B20 (20 percent biodiesel and 80 percent petroleum diesel).
Pure biodiesel, or B100, marketed by REG is guaranteed
to meet or exceed the industry quality specification.
About ISE Corporation:
ISE Corporation, based in San Diego, CA, is a leading
supplier of hybrid drive systems and components for
heavy-duty vehicles such as buses, trucks, trams, airport
equipment, and military vehicles. ISE is a world leader
in electric, hybrid-electric, and fuel cell technologies,
and the only authorized distributor of Siemens ELFA®
electric and hybrid-electric drive components for the
U.S. transit bus market. www.isecorp.com
ISE Contact:
Gary Willms
Vice President Business Development
gwillms@isecorp.com
REG Contact:
Alicia Clancy
Communications Specialist
Alicia.clancy@regfuel.com
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Safe Harbor Statement: Certain statements contained
in this press release are forward-looking in nature.
ISE's business and operations are subject to a variety
of risks, uncertainties and other factors. Consequently,
actual results may materially differ from those projected
and/or stated by any forward-looking statements. ISE
Corporation makes no commitment to revise or update any
forward-looking statements in order to reflect events
or circumstances after the date any such statement is
made.
ISE, the ISE logo and Transportation recharged are
trademarks of ISE Corporation. Other brand or product
names are trademarks of their respective holders.
Copyright
© 2008 ISE Corporation. All rights reserved.
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