SAN
DIEGO, CA, November 14, 2007 — Recently at
the U.S. Conference of Mayors meeting in Seattle, WA,
former President Bill Clinton announced that the Clinton
Climate Initiative (CCI) had reached agreement with a
group of companies, including ISE Corporation, to provide
substantive price reductions for volume purchases of
energy efficient and clean energy products, including
hybrid transportation products. CCI will promote the
hybrid transportation products of these companies, including
ISE's hybrid drive systems, for the purposes of making
series hybrid propulsion systems for heavy-duty trucks
and buses available for purchase at volume discounts
by the Large Cities Climate Leadership Group (C40), a
group of 40 of the world's largest cities that are working
in concert to fight climate change, and the members of
the US Conference of Mayors. The major objective is to
amass large volume orders to bring the cost of advanced
technologies down and greatly increase the adoption of
these technologies that can vastly improve our environment.
"Climate change
is a global issue that we must address immediately if
we are to reverse its catastrophic effects," said
President Clinton. "I am pleased that the US Conference
of Mayors and many businesses are working with my foundation
to supply energy efficient and clean energy products.
By offering these products at a discounted rate, we can
ensure that more cities and citizens have access to them
and that the market for clean energy technology will
grow. Together, I hope that we can have a measurable
impact on greenhouse gas emissions around the world."
"We are honored to
partner with the Clinton Climate Initiative to help build
momentum to bring clean transportation to major cities
of the world,” said David Mazaika, ISE's President and
CEO. "ISE has been a strong leader in the design, building
and implementation of hybrid drive technology for heavy-duty
vehicles. Our high performance and reliable series hybrid
system has been built to be compatible with a variety
of fuel sources, including diesel, B20 (Biodiesel), gasoline,
hydrogen, CNG (compressed natural gas) and soon ethanol
as well. Vehicles equipped with ISE's hybrid drive systems
will have lower emissions while also improving vehicle
performance, reducing brake maintenance and eliminating
transmission maintenance.”
Building on his long-term
commitment to preserving the environment, President Clinton
launched the Clinton Foundation's Climate Initiative
in August 2006 with the mission of applying the Foundation's
business-oriented approach to the fight against climate
change in practical, measurable and significant ways.
In its first phase, CCI is working with cities around
the world to accelerate efforts to reduce greenhouse
gas emissions.
Through CCI's new
partnership with the US Conference of Mayors, an additional
1,100 U.S. cities will gain access to volume discounts
on energy-efficient and clean-energy products and technologies
through CCI's purchasing consortium. These benefits were
previously available only to the C40.
The C40 Large Cities
Climate Leadership Group is comprised of the following
cities: Addis Ababa, Athens, Bangkok, Beijing, Berlin,
Bogotá, Buenos Aires, Cairo, Caracas, Chicago, Delhi
NCT, Dhaka, Hanoi, Hong Kong, Houston, Istanbul, Jakarta,
Johannesburg, Karachi, Lagos, Lima, London, Los Angeles,
Madrid, Melbourne, Mexico City, Moscow, Mumbai, New York,
Paris, Philadelphia, Rio de Janeiro, Rome, Sao Paulo,
Seoul, Shanghai, Sydney, Tokyo, Toronto and Warsaw.
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, ISE Corporation
gwillms@isecorp.com
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