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.
For more information see: Tyrano
Source: MarketWire
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