U.S. DEPARTMENT OF ENERGY AWARDS $39 MILLION IN SUPPORT OF THE SUPERTRUCK DEVELOPMENT PROGRAM
Denton, TX (January 12, 2010)
The United States Secretary of Energy Dr. Steven Chu yesterday awarded Cummins (NYSE:CMI) $39 million in funding from the Department of Energy (DOE) to develop their SuperTruck project in conjunction with Peterbilt Motors Company.
The goal of the SuperTruck program initiated by the DOE is to improve long-haul Class 8 vehicle freight efficiency through advanced and highly efficient engine systems and vehicle technologies that also meet prevailing emissions and Class 8 tractor-trailer vehicle safety and regulatory requirements.
“We believe our track record of purposeful innovation, leading quality and fuel efficient engineering provides Peterbilt and Cummins the best opportunity to make the SuperTruck project a commercially viable reality,” said Bill Jackson, Peterbilt General Manager and PACCAR Vice President. “We are proud to partner with companies such as Cummins, Eaton, Delphi, Modine, Bridgestone and U.S. Xpress Enterprises, Inc. that are dedicated to advancing technologies to meet future energy needs.”
The SuperTruck project will develop and demonstrate a highly efficient and clean diesel engine, an advanced waste heat recovery system, a fuel cell auxiliary power unit to reduce engine idling on an aerodynamic Peterbilt tractor and trailer combination. The SuperTruck will result in a fuel-efficient, low emissions diesel engine that achieves a significant fuel economy improvement over current diesel technology.
“We appreciate the funding provided by the DOE for the Cummins SuperTruck which will create jobs, help address climate change and reduce oil consumption. This public-private partnership is a win for our economy, a win for the environment and a win for energy challenges. We are looking forward to working closely with Peterbilt on this important technology project,” said Cummins President and Chief Operating Officer Tom Linebarger.
The SuperTruck will be developed in conjunction with other suppliers including Eaton, Delphi, Modine, Bridgestone and U.S. Xpress Enterprises, Inc. It is expected that research into the prime technology areas of engine efficiency, waste-heat recovery, tractor and trailer aerodynamics, tire technology, and idle management coupled with the highly efficient Cummins engine will yield a highly efficient, consumer accepted vehicle.
Peterbilt Advanced Technologies
Peterbilt is leading the commercial vehicle industry by researching, testing, and forming partnerships to provide environmentally sound solutions. Research is being done to develop new systems using advanced technologies to power trucks including Ultracapacitor Starting Modules, as well as new Fuel Cell technology, which Peterbilt successfully demonstrated in conjunction with Delphi.
Peterbilt currently provides energy innovation through hybrid-electric, natural gas, and fuel efficient power platforms. Idle reduction technologies such as auxiliary power units, available on our Peterbilt products, deliver fuel economy and greenhouse gas savings. Our fuel efficient products were recognized by the U.S. E.P.A through its Smartway program, identifying Peterbilt’s 384, 386 and 387 models as Smartway compliant.
About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana (USA), Cummins serves customers in approximately 190 countries and territories through a network of more than 500 company-owned and independent distributor locations and approximately 5,200 dealer locations. Cummins reported net income of $755 million on sales of $14.3 billion in 2008. Press releases can be found on the Web at cummins.com or everytime.cummins.com.
About Peterbilt Motors Company
Peterbilt Motors Company, located in Denton, Texas, has a global reputation for superior quality, industry leading design, innovative engineering and fuel efficient solutions, and is recognized as the "Class" of the industry. Peterbilt provides a comprehensive array of aftermarket support programs through its 350-plus North American dealer locations that complement its full lineup of on-highway, vocational and medium duty products, including alternative fuel vehicles. Peterbilt offers industry leading service and support, including preventive maintenance plans, expedited Rapid Check diagnostic services, automated parts inventory replenishment and 24/7 complimentary Customer Assistance through 1-800-4-Peterbilt. For more information about Peterbilt, visit www.peterbilt.com.
Peterbilt is a PACCAR Company, traded publicly on the NASDAQ as PCAR.