AeroVironment Introduces PosiChargeT Total Power Solution (ToPS)Tuesday, February 24, 2009
MONROVIA, CA — AeroVironment, Inc. (AV) (NASDAQ: AVAV) today announced that it has introduced a new, turnkey program for delivering the benefits of its PosiCharge™ solution to customers operating electric material handling fleets in multi-shift operations. The Total Power Solution (ToPS) includes a selection of services, such as customized charger and battery configurations, asset leasing, guaranteed service and maintenance, and asset disposal, all in a one-stop program.
“Customers have told us that they need a single point of contact that understands how to optimize the energy component of their fleet management system. This turnkey approach helps customers focus on their core business, and leave the details of their batteries and chargers to us,” said Mike Bissonette, senior vice president and general manager of AV’s Efficient Energy Systems segment. “Built around the strength of our broad line of industrial electric vehicle chargers, ToPS is another way that we can help our customers manage costs and resources more efficiently and with greater effect.”
Instead of working with multiple entities for chargers, batteries and support services, customers can now make a single monthly payment and have a single point of contact for all their electric material handling motive energy needs.
PosiCharge fast charge systems allow industrial and heavy-duty electric vehicle operators to eliminate battery swapping, thereby recovering run time, enhancing productivity, optimizing assets, and improving worker safety. PosiCharge systems fast charge battery packs while they remain in the vehicles during scheduled breaks. The result is instant productivity improvement, a cleaner and safer work environment, and a streamlined workflow that no longer stops for battery changing. With proprietary technology that safeguards batteries by customizing each charge, PosiCharge systems can actually extend a battery's useful life compared to traditional charging solutions, further optimizing operations. PosiCharge has been supporting high-velocity Fortune and Global 500 facilities for more than six years. For more information about PosiCharge, please visit www.posicharge.com.
About AeroVironment, Inc. (AV)
Building on a history of technological innovation, AV designs, develops, produces, and supports an advanced portfolio of Unmanned Aircraft Systems (UAS) and efficient electric energy systems. Agencies of the U.S. Department of Defense and allied military services use the company’s hand-launched UAS to provide situational awareness to tactical operating units through real-time, airborne reconnaissance, surveillance, and target acquisition. Commercial and government entities use AV’s clean transportation solutions such as electric vehicle test systems and electric vehicle fast charge systems, as well as its clean energy solutions. More information about AV is available at www.avinc.com.