Vision Industries Corp. (OTCBB: VIIC) on July 22nd delivered a zero-emission hydrogen fuel cell-electric Class 8 truck to Total Transportation Services Inc. (TTSI), a national trucking company that will put the vehicle to test in the ports of Los Angeles and Long Beach. The effort is part of the ports’ Technology Advancement Program, designed to encourage the commercialization of clean goods-movement vehicles and equipment.

Total Transportation Services Inc. (TTSI) will operate the Vision truck under typical short-haul conditions at the ports for the next 6 months. The vehicle is an electric truck with a battery recharged by a hydrogen fuel cell which generates electricity from a reaction of hydrogen and oxygen. There is no combustion and no air pollution. Pure H20 is the only by-product.

Upon successful testing, TTSI plans to move forward with a Letter of Intent for the purchase of 100 vehicles at a purchase price of approximately $27 million. The Letter of Intent also gives TTSI the option to purchase an additional 300 trucks, bringing the total contract value to approximately $108 million.

A Class 8 truck gross vehicle weight rating (GVWR) is anything above 33,000 pounds (14,969 kg). These include all tractor trailer trucks.

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Source: MarketWire