PITTSBURGH ... Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) has received a $65 million contract from IdleAire Technologies Corp. for a system that eliminates most diesel truck idling at truck stops. This advancement provides immediate and long-term improvements in air quality and fuel conservation.
Eaton's Power TrussTM system, a key component of IdleAire's ATE Advanced Travel Center Electrification® system, will be deployed at 210 truck stops and fleet terminals nationwide that are planned during the next 12 months. IdleAire's system equips long-haul drivers with substitute power so they can turn off their diesel engines during required rest stops, eliminating 100 percent of idling emissions. IdleAire said a truck using its system consistently for one year would save 3,366 gallons of fuel. The benefits of this technology increase exponentially when all long-haul trucks use the system, IdleAire said, resulting in a potential savings of 4.4 billion gallons each year.
The IdleAire® system also improves a truck driver's work environment by delivering filtered in-cab heating and air conditioning, and power for communications, entertainment (Internet and television) and training.
"With escalating fuel costs, tightening emissions requirements and highway safety issues, our partnership with IdleAire yields an immediate and long-term solution to the trucking industry that addresses air quality, fuel conservation and training issues," said Randy Carson, Eaton senior vice president and president - Electrical Group. "Additionally, we're thrilled to contribute to an advancement that substantially improves the quality of life for our nation's truck drivers as they transport more than 80 percent of our nation's goods."
A leader in both the electrical and trucking industries, Eaton has been a key design partner with IdleAire and co-developed the Power TrussTM system that distributes electrical power to each individual truck parking space. In this initial nationwide deployment, Eaton's Power TrussTM system will energize more than 13,200 parking spaces that are planned, utilizing Cutler-Hammer® branded automation, power distribution and control products.
In January, IdleAire announced the completion of $320 million in financing to fund its first major growth phase. IdleAire said it has obtained agreements for drivers' use of the IdleAire system from more than 1,500 fleets in the United States and Canada, representing significant growth opportunities across North America beyond the initial 15-month deployment.
"Our ability to complete this financing speaks volumes about the strength of our business model as well as our confidence in strategic partners like Eaton," said Mike Crabtree, chief executive officer of IdleAire Technologies Corp. "Eaton has the manufacturing and engineering size, scale and expertise to support this exciting growth stage for our company."
IdleAire Technologies Corporation was formed in June 2000 to develop a high quality, reliable system to deliver a wide range of convenient in-cab services that drivers would normally expect to have only at home. The services are designed as a comprehensive solution for the long-haul industry, targeting improved driver comfort, lifestyle and rest, while saving fleets the costs associated with idling, driver retention and recruitment, and driver training - all without idling the truck engine. IdleAire's system provides 110-volt electrical outlets, filtered central heat and air conditioning, a Pentium-class computer with color touch screen interface, high-speed Internet and e-mail, both wireless and Ethernet connections for drivers with personal computers, a telephone connection and free local phone calls, premium satellite television service, movies on demand and driver continuing education, all delivered to the truck cab. IdleAire's system has received R&D Magazine's 2003 R&D Award as one of the most technologically significant products of the year, the 2004 EPA Clean Air Excellence Award, the 2004 California Governor's Environmental & Economic Leadership Award, the 2004 CALSTART Blue Sky Merit Award for commercialization of this fuel-conserving system, and the 2005 Texas Environmental Excellence Award, and was a finalist in the 2005 Computerworld Honors Program.
About Eaton Corporation
In the electrical industry, Eaton is a global leader in electrical control, power distribution, and industrial automation products and services. Through advanced product development, world class manufacturing methods and global engineering services and support, Eaton provides customer-driven solutions under many brand names including Eaton®, Cutler-Hammer®, Powerware®, Durant®, Heinemann®, Holec®, and MEM®, which globally serve the changing needs of the industrial, utility, light commercial, residential, and OEM markets. For more information, visit www.eatonelectrical.com.
Eaton Corporation is a diversified industrial manufacturer with 2005 sales of $11.1 billion. Eaton is a global leader in electrical systems and components for power quality, distribution and control; fluid power systems and services for industrial, mobile and aircraft equipment; intelligent truck drivetrain systems for safety and fuel economy; and automotive engine air management systems, powertrain solutions and specialty controls for performance, fuel economy and safety. Eaton has 59,000 employees and sells products to customers in more than 125 countries. For more information, visit www.eaton.com.
This news release contains forward-looking statements concerning deployment of the Eaton system, fuel economy and fuel emissions. These statements should be used with caution and are subject to various risks and uncertainties, many of which are outside the company's control. Factors that could cause actual results to differ materially from those in the forward-looking statements include unanticipated changes in the markets for IdleAire Technologies, unanticipated changes in business relationships with customers of IdleAire Technologies and unexpected technical difficulties. We do not assume any obligation to update these forward-looking statements.