Business
US Associate Wins Federal Fun
US Associate Wins Federal Fun.
About this update from Tanfield Group Plc
[{"type":"text","content":"\n RNS Number : 9661W Tanfield Group PLC 06 August 2009 \n \n6 August 2009\nThe Tanfield Group Plc ('Tanfield', or the 'Company')\nUS Associate Wins Federal Funding for Electric Vehicle Demonstrator Fleet\n\n\nDepartment of Energy Awards $10m to Smith Electric Vehicles US Corporation\n\n\nGrant will subsidise private sector procurement for up to 100 electric vehicles \n\n\nIncludes first fleet of Ford Transit Connect BEV electric light vans\n\n\nVehicles to be deployed with major corporations for nationwide demonstration programme\n\n\nGrant will also fund workforce training and purchase of equipment for US assembly facility\n\n\nDarren Kell, CEO of The Tanfield Group Plc, said: 'Right now, corporate America has tens of thousands of urban commercial vehicles in operation that could be immediately replaced with our electric vehicle technology.\n'This Federal funding incentivises the purchase of seed vehicles for major fleet operators, thereby accelerating the switch from trial phase to volume orders.\n 'The programme will also allow us to deliver America's first fleet of electric light vans, produced in collaboration with Ford.\n'Government initiatives such as this one and those recently announced in the UK will help to drive volume and ultimately lower the cost of our vehicles.'\n\nThe Tanfield Group Plc ('Tanfield', or 'the Company') is pleased to announce that its US Associate, Smith Electric Vehicles US Corporation ('SEV US Corp') has won Federal Government funding to accelerate development and deployment of its commercial electric vehicles.\nThe Department of Energy (DoE) is awarding SEV US Corp $10m, which will subsidise private sector procurement of a fleet of up to 100 commercial electric vehicles for a nationwide demonstration programme.\nThis fleet will include the 'Smith Newton' electric truck and the first Ford Transit Connect BEV electric light vans to be built in North America.\nA portion of the DoE grant is also allocated for the purchase of equipment and workforce training, at SEV US Corp's new assembly facility in Kansas City, Missouri.\nSEV US Corp plans to deliver the first vehicles under this progr...