Press releases

ISE Corp's Innovative and Ultraclean Gasoline Hybrid-Electric Drive Systems Now Available to any US Transit Agency through Minnesota DOT's Recently Released Contract

SAN DIEGO -- (Marketwire -- March 29, 2010) - California-based ISE Corporation, a wholly owned subsidiary of ISE Limited (TSX: ISE), announced that the State of Minnesota Department of Transportation (MN-DOT) has approved two ISE bus manufacturer partners -- New Flyer and ElDorado -- to supply their chassis together with ISE's gasoline hybrid-electric drive system as a qualified option under the terms of the recently released contract. This unique contract also allows any US Transit Agency to buy off this contract that allows for up to 1000 bus purchases which may include ISE's innovative and ultra clean Gasoline Hybrid Drive systems.

To take advantage of these purchase options created by the Minnesota contract, transit agency orders for ISE's 2010 hybrid drive system will need to be processed by December 31, 2010 to comply with the Minnesota DOT contract specifications.

Each OEM could sell up to 500 hybrid buses under the Minnesota DOT Contract, assuming Minnesota DOT exercises the bus options or transfers the options to another agency. Furthermore, the U.S. Department of Transportation (US-DOT) has authorized Minnesota DOT to transfer these options to any U.S. Transit Agency, thereby opening this bus procurement to any U.S. Transit Agency.

Minnesota DOT Contract Streamlines Hybrid Bus Purchase Process
Through the years, transit agencies across the nation have faced challenges due to decreased funds and limited administrative resources which are required to navigate the lengthy and cumbersome RFP (request for proposal) process. This new opportunity extended by the US DOT now allows transit agencies with limited resources to "piggy back" on RFPs that are already approved. The transit agencies can purchase buses using the approved Minnesota RFP options for new bus orders without having to go through their own RFP process.

"The Minnesota DOT contract opens new doors for transit agencies across the country that want to order hybrid buses without all the red tape," said Alex Bernasconi, Vice President of Sales and Marketing, "We are excited about the opportunity and are providing our sales team with tools to approach other agencies across the U.S. We also salute the state of Minnesota for making it easier for communities around the U.S. to enjoy cleaner transportation today."

About ISE
ISE is a leading developer, manufacturer and distributor of heavy duty hybrid-electric drive systems based on our core proprietary technology, which is focused on three critical subsystems: energy storage, controls software and power electronics. ISE specializes in series hybrid-electric and all-electric/zero emission technologies, and offers industry-leading energy storage systems and hybrid system components. Over the past 10 years, ISE has sold over 300 hybrid-electric drive systems that have demonstrated reliability and performance in over 13 million miles of fleet operation.

Established in 1995, ISE is headquartered in San Diego, California. ISE's history of innovation and technological leadership has resulted in the design and development of systems and components that deliver superior operating performance. For more information visit www.isecorp.com.

Sales Contact
Alex Bernasconi
Sr. Vice President, Sales and Marketing
ISE Limited
+1 858-413-1720 x775
abernasconi@isecorp.com

Investor Contact
Kirsten Chapman/Becky Herrick
Lippert/Heilshorn & Associates
+1 415-433-3777
bherrick@lhai.com

Company IR Contact
David Morash
Chief Financial Officer
ISE Limited
+1 858-413-1724

Media Contact
Carolyn Paynton
Mktg. & Comm. Mgr.
ISE Limited
+1 858-213-8613

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