Market Overview

XL Hybrids Partners, Exhibits with Leggett & Platt CVP at 2013 NTEA Work Truck Show

INDIANAPOLIS--(BUSINESS WIRE)--

XL Hybrids, Inc., developer of a low-cost hybrid electric powertrain designed specifically for class 1 to 3 commercial fleet use, announced that it signed an installation partnership and distribution agreement with Leggett & Platt Commercial Vehicle Products (CVP), one of the top commercial vehicle equipment providers. In light of the partnership, the two companies will display a hybrid cargo van upfitted with XL Hybrids' hybrid powertrain technology at the Leggett & Platt CVP Booth (#1421) at the 2013 NTEA Work Truck Show.

Held at the Indianapolis Convention Center from March 6 to 8, the 2013 NTEA Work Truck Show is one of the commercial vehicle industry's largest trade shows, where more than 550 exhibitors and thousands of commercial fleet managers and buyers can view and test drive a hybrid van and learn about the value of the hybrid powertrain technology from design engineers. Considering the ease of installation, Leggett & Platt CVP is incorporating XL Hybrids' hybrid powertrain directly into its existing ship-through process, thus providing a one-stop shopping experience for commercial fleets.

“XL Hybrids' product makes economic sense for our fleet customers, offering a quick payback, along with all the benefits of ship through. The ease of installation is amazing and allows us to drop it right into our existing production process,” said John Forest, vice president of install operations for Leggett & Platt CVP. “XL Hybrids has a real winner here, and this partnership provides a great way for our fleets to reduce fuel costs, resulting in total life cycle cost reduction.”

“The NTEA Work Truck Show is a must-attend event for corporate fleet decision makers. This year, XL Hybrids will offer attendees the chance to see and test drive a game-changing technology for the industry,” said Clay Siegert, XL Hybrids co-founder and vice president of supply chain. “The combination of our product and our relationship with Leggett & Platt CVP will offer tremendous value for fleet customers who want a seamless order and low-cost delivery option for hybrid vans across the country.”

For more information on XL Hybrids technology and availability, visit www.xlhybrids.com or email info [at] xlhybrids.com.

About XL Hybrids

XL Hybrids designs, manufactures and installs hybrid electric powertrains for commercial vans and trucks. The company's patent-pending hybrid electric powertrain can be installed on existing vehicles as a retrofit or as an upfit on new ones. By storing energy wasted in braking and reapplying it during acceleration, XL Hybrids technology decreases fuel use and carbon dioxide emissions by up to 21.2 percent on urban routes, while operating with the same durability and reliability as traditional vans and trucks. XL Hybrids was founded by MIT alumni and is based in Boston. For more information, visit www.xlhybrids.com.

About Leggett & Platt Commercial Vehicle Products

Leggett & Platt Commercial Vehicle Products is a division of global diversified manufacturer Leggett & Platt, Inc. (NYSE: LEG). Headquartered in Atlanta, GA, Leggett & Platt CVP is a family of companies that provides a single source for commercial vehicle needs. Through its brands Leggett & Platt CVP designs, manufactures and installs commercial vehicle interior systems, truck equipment and accessories. The Leggett & Platt CVP family of companies includes 11 facilities in North America. For more information on Leggett & Platt CVP, visit www.LeggettCVP.com.

Metis Communications
Rachel Sullivan, 617-236-0500
xlhybrids@metiscomm.com

 

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