Fisher Coachworks GTB-40 Buses to be Deployed by MTA Flint

Mon Sep 28, 2009 11:50am EDT

* Reuters is not responsible for the content in this press release.

OAK PARK, Mich.--(Business Wire)--
Today, the Obama administration announced $100-million in funding awards against
the Federal Transit Administration`s TIGGER program, including $2.2 million to
Mass Transportation Authority in Flint, Michigan (MTA Flint) for acquisition of
two Fisher Coachworks GTB-40 all-electric, plug-in hybrid mass transit buses
which will be deployed in 2010. 

The FTA TIGGER program is an American Recovery and Reinvestment Act of 2009
initiative to drive implementation of advanced energy and emission efficient
mass transit solutions. TIGGER stands for "Transit Investments for Greenhouse
Gas & Energy Reduction". The criteria used by the FTA to evaluate applications
included return on investment, project readiness, capabilities of applicant,
degree of innovation and national applicability. 

Expected to be the most energy and emissions efficient mass transit bus in the
market, the Fisher GTB-40 bus is nearing production readiness. "We are delighted
that MTA Flint specified our GTB-40 in their TIGGER application", said Greg
Fisher, President and CEO of Fisher Coachworks. Fisher added, "Bob Foy and his
team at MTA Flint are recognized local leaders in development and deployment of
advanced mass transit technologies that benefit the environment and their
operations. MTA Flint will be an excellent home for what may be our first
in-service deployments." 

Fisher Coachworks and MTA Flint have been in discussions about the GTB-40 and
deployments of such for over one-year. "We share Fisher`s enthusiasm on the
TIGGER grant", said Bob Foy, MTA Flint General Manager. He continued, "We
believe the GTB-40 has the potential to change the bus transit industry, and we
are eager to get these two units into our fleet. The GTB-40`s unique combination
of all-electric technology and ultra-lightweight chassis technology are a
perfect response to the TIGGER Program goal for reduced greenhouse gas and
energy reduction." 

The Fisher Coachworks GTB-40 bus is uniquely placed to meet the TIGGER program
objectives. As an all-electric model, the bus will be a Zero Emission vehicle,
expected to meet California ARB`s ZBus requirements. And as a range-extended
electric model, the bus will meet the daily mileage range of the most demanding
urban transit fleets. Both models will achieve significant energy savings versus
current hybrid, diesel and alternative fuel buses in the market. 

About Fisher Coachworks, LLC

Fisher Coachworks is rekindling 100-years of Body by Fisher TM vehicle
manufacturing leadership. The company was formed in late 2007 to bring
game-changing commercial vehicles to the global marketplace. Fisher Coachworks
is commercializing patented structural systems and manufacturing technology for
ultra-lightweight series hybrid vehicles, targeting the urban commercial vehicle
market sector. By applying a total vehicle optimization engineering approach,
and an ultra-lightweight stainless steel unibody chassis/ body structure, the
company is able to significantly reduce vehicle mass. The result is step-change
improvements in fuel economy, emissions and operating cost efficiency. Fisher`s
launch product is the GTB-40, a Plug-in Hybrid Mass Transit Bus, which began
road testing in August 2008. Currently based in Oak Park, Michigan, the company
will soon relocate to larger facilities to prepare for ramped vehicle production
beginning in 2010. 

About MTA Flint

The Mass Transportation Authority is the agency authorized to provide public
transportation services in Flint and Genesee County, Michigan. The MTA's
services include primary fixed routes, peak period routes, para transit
services, specialized services for the elderly and the operation of thirteen
Service Centers, along with intercity bus and Amtrak Rail Stations in Flint. 

John VanAlstyne
Vice President, Marketing & Sales
Fisher Coachworks LLC
14925 W. Eleven Mile Road
Oak Park, Michigan 48237
313-483-3700 x7702

Copyright Business Wire 2009