AeroVironment Unveils EV Solutions at EVS-24
May 13, 2009
New Portfolio Offers Total Infrastructure Solutions for Practical Use of On-Road Electric Vehicles
AT EVS-24, STAVANGER, NORWAY, May 13, 2009 -- AeroVironment, Inc. (AV), (NASDAQ: AVAV), joint-developer of the GM Impact, the world's first modern all-electric car, and the record-setting solar-powered GM Sunraycer, today unveiled its portfolio of EV Solutions for electric vehicles that offers a total infrastructure approach to enable the practical use of on-road electric vehicles.
AV's breadth of EV Solutions -- which includes Fast Charging Stations, Neighborhood EV Charging Stations, and production test equipment for EV and PHEV (plug-in hybrid) manufacturers -- enhances the practicality of EVs by putting to rest "range anxiety" concerns and perceptions. Additional portfolio solutions currently under development include on-board chargers and a smart battery operating system featuring vehicle-specific algorithms which maximize battery health while the vehicle is in motion or in charging mode. The operating system will support both overnight and daytime "slow" charging as well as opportunistic fast charging.
"AV's EV Solutions start at electric vehicle design and systems integration and end with drivers being able to recharge their vehicles when and where they need to in about the time it takes to fill a tank of gas," said Mike Bissonette, senior vice president and general manager, AV Efficient Energy Systems. "Our EV solutions are designed for the real world. With low power charging systems located at home and at the workplace, and with fast charging systems distributed strategically in metropolitan areas, EV drivers can embrace clean transportation without the fear of being stranded, and EVs can become a reliable and effective transportation alternative."
AV has conducted successful passenger and utility fast-charge tests in conjunction with other companies, demonstrating extended battery range on a single charge and the capability of "refueling" in less than 10 minutes.
Bissonette said the EV Solutions portfolio technologies will also enable fast charge of fleet electric vehicles, such as buses, taxis, delivery vans and utility repair vehicles to increase the viability of all electric vehicles.
AV was a pioneer in the conception and development of alternative energy vehicles such as the GM Sunraycer, winner of the 1987 Australian Solar Challenge, the GM Impact, prototype for General Motors' EV-1 electric automobile, and several project-based hybrid electric and fuel cell powered vehicles. AV created one of the first fast charge systems for early consumer electric vehicles.
Its PosiCharge® fast charge systems support thousands of electric industrial utility vehicles in daily use at Fortune and Global 500 facilities throughout North America.
EV Commercial Solutions:
Industrial EV Charging Systems (3kW -- 40kW per charge port, 80kW maximum per system GSE, Port, and Industrial EV Chargers)
Industrial EV Charging Systems have been delivering increased productivity, enhanced worker safety, and decreased operating costs to distribution centers, manufacturing plants, and other industrial and commercial fleet applications for ten years. End of Line Test Equipment (Unidirectional and Bi-Directional)
Production Line Equipment that is a vital part of automotive and commercial battery cell, module, and pack manufacturing and production.
Advanced Battery Systems Development Center
AV offers a variety of services to test and evaluate various battery chemistries and battery applications, meeting all battery development needs.
Battery Pack Design-Development-Integration
Battery Pack Design Services can design, develop, and integrate battery packs and cells to specifications.
Electric Vehicle Test Systems for Development Labs (Unidirectional and Bi-Directional)
AC and DC systems ranging from 5 to 800 kilowatts enable automated, high reliability testing of light to heavy-duty EVs, including multiple EVs simultaneously.
EV OEM Solutions:
Advanced Battery Management System for EVs (Battery Management Systems)
BMS is designed for active cell balancing, real-time charge optimization, vehicle dashboard communication, and maximization of battery performance and life.
Advanced On-Board EV Charging Technology (3.3kW and above with bi-directional option)
The on-board charging system will maximize throughput while optimizing the vehicle battery's health and performance.
Level 3 Connector for High-Performance EV Fast-Fueling
EV Connector will enable energy delivery to an electric vehicle battery in minutes, not hours.
EV Consumer Solutions:
EV Fast-Fuel Charging Stations (10kW - 250kW passenger EV Chargers)
EV Fast-Fuel technology will give EV drivers a reason to embrace the cleanest transportation technology available, without the fear of being stranded.
NEV Charging Stations (3kW - 20kW Neighborhood Electric Vehicle Chargers)
NEV charging stations provide a cost-effective solution allowing home and business owners to "refuel" their vehicle from the convenience of their home garage or office parking structures.
EVSE (Electric Vehicle Supply Equipment) Home and Commercial Charging Stations
Will enable drivers to "fill up" their EVs and PHEVs from the convenience of home garages and other convenient locations.
About AeroVironment, Inc. (AV)
AeroVironment (NASDAQ: AVAV) provides customers with more actionable intelligence so they can proceed with certainty. Based in California, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. For more information visit www.avinc.com.
Safe Harbor Statement
Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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