CINCINNATI, Ohio, June 4, 2014 (GLOBE NEWSWIRE) -- via PRWEB - AMP Holding Inc. (OTCBB:AMPD) (OTCQB:AMPD) announced today that its AMP Trucks subsidiary has successfully designed and flown a prototype of its new HorseFly™ battery-powered unmanned aerial vehicle (UAV).
Steve Burns, AMP CEO said, "HorseFly is the logical extension of our mission to help companies better manage their logistics operations. Whether a company wants to deliver its packages by truck or by aerial vehicle, we want to be able to answer their needs."
Built in collaboration with the University of Cincinnati's Department of Aerospace Engineering and Engineering Mechanics, the eight rotor aircraft uses advanced motor controls to manage the dynamic forces such as wind gusts associated with flight.
"Our years of designing battery systems and motor control systems for our electric cars and trucks gives us a wealth of experience on how to control and power an aerial vehicle. Like ground-based electric vehicles, the best battery will win. This isn't a hobbyist venture, we're working on an industrial strength, professional grade battery pack to ensure reliability and longer flight times" Burns added.
When mated to a Workhorse Electric Truck, the HorseFly™ can quickly recharge from the large battery in the Workhorse truck. With delivery trucks scattered within almost any region during the day, the UAV can make short flights from the vehicle, as opposed to flying from a warehouse for each delivery.
Under an aviation law enacted in 2012 permitting the use of drones for public safety, commercial use of drones is still prohibited, however most aviation law experts expect that the 2012 law will be extended to include commercial use of drones late this year or early in 2015.
About AMP Holding Inc.
AMP Holding Inc. is the parent company of AMP Electric Vehicles Inc. and AMP Trucks, Inc. Amp Electric Vehicles manufactures electric drive systems for medium-duty, class 3-6 commercial truck platforms produced under the Workhorse brand by its AMP Trucks, Inc., subsidiary. For additional information visit http://www.ampelectricvehicles.com
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.
Contact: Daniel Zito
Workhorse
dan.zito(at)workhorse.com
513-300-5910
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