Thomson Power Announces Partnership with Norcross York Energy Signs MOU with Clean Energy Product Distributor Vancouver, BC, Canada, August 5, 2014 - Thomson Power Inc., a Vancouver and Silicon Valley-based developer of energy efficient electric drivetrain solutions, announced today that the company has entered into a Memorandum of Understanding (MOU) to supply its proprietary hybrid electric (HEV) and electric vehicle (EV) drive systems and future products to Norcross York Energy (NYE), a USA-based clean energy sales and marketing corporation specializing in product distribution to the USA market. “We are excited to work with NYE on the pursuit of business opportunities in the USA,” said Ian B. McAvoy, Chairman and Chief Executive Officer of Thomson Power. “This MOU is a first step in establishing a strong and lasting partnership between two companies who share a common vision of being leaders in the emerging clean energy transportation market. NYE and Thomson Power are firmly focused on delivering environmentally and economically sustainable products that will have a competitive advantage over other suppliers.” NYE, a family owned business, is a distributor to the clean energy industry with clients across North America. With increased clean air regulations and diesel price volatility impacting the use of fossil based fueled systems, NYE customers require more energy efficient and cost-effective vehicles to meet their needs. As a result, the initial focus of the MOU will be a retrofit of Thomson Power’s cutting-edge integrated EV drive systems into existing diesel buses. In addition, both companies will further collaborate on product development and market entry strategies. About Thomson Power Thomson Power is a developer and supplier of sustainable energy software and power management systems that dramatically improve the performance and efficiency of electric and hybrid drives in medium to heavy-duty truck and bus applications. The plug-and-play vPCS® adaptive controller and ThomsonDrive® integrated electric drivetrain solutions enable fleet operators to economically transition from conventional diesel engines to hybrid and electric buses and trucks. For further information, visit thomsonpower. ### For more information contact: Thomson Power Corporation Ian B. McAvoy, Chairman & CEO Phone: 604.376.4564 | Email: imcavoy@thomsonpower thomsonpower
Posted on: Tue, 05 Aug 2014 19:13:03 +0000
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