GARDENA, Calif., May 11, 2012 (GLOBE NEWSWIRE) -- Vision Industries Corp. (OTCBB:VIIC) announces that it has finalized the purchase order agreement for 100 Tyrano Class 8 Trucks with Total Transportation Services, Inc. (TTS-I) of Rancho Dominquez, California.
"It has been a long road from our letter of intent signed a year ago to the closing of definite agreements. However, it was a very productive process in which we could identify specific needs of the trucking industry and translate those needs into our technology," says Martin Schuermann, CEO of Vision Industries Corp. "I am looking forward to a long relationship between Vision and TTS-I."
The purchase agreement also allows TTS-I to purchase an additional three hundred Vision trucks, bringing the total value of a contract to approximately $108 million dollars.
"This Purchase Order demonstrates that the trucking industry has embraced the zero-emission platform," says Vic La Rosa, President of Total Transportation Services, Inc. "It will give regulatory agencies comfort in finally pushing the zero-emission technologies that are needed."
About Vision Industries
Vision is a developer of zero emission electric/hydrogen hybrid powered vehicles and turnkey hydrogen fueling systems. Vision's proprietary electric/hydrogen hybrid drive system combines the superior acceleration of a battery powered electric vehicle with the extended range provided by a hydrogen fuel cell. For more information on Vision Industries Corp., please visit www.visionindustriescorp.com
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