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Awards honor superior innovation, technological achievement and
business performance among automotive suppliers
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TurboCord Dual can charge nearly three times faster than standard
cordsets – less than three hours for plug-in hybrids and less than six
hours for full battery electrics
AeroVironment,
Inc. (NASDAQ:AVAV), a leader in electric vehicle (EV)
charging and the preferred charging solution supplier for seven global
automakers, today announced its TurboCord™ Dual plug-in EV charger has
been named as a finalist for the 2016
Automotive News PACE Awards.
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Automotive News names AeroVironment’s TurboCord, the first portable dual voltage electric vehicle charger to be adopted by an automaker for shipment with new vehicles, as a finalist for 2016 PACE Award. (Photo: Business Wire)
Only suppliers with a production commitment from an automotive original
equipment manufacturer (OEM) qualify for PACE Award consideration. Volvo
selected AeroVironment’s TurboCord Dual earlier this year to be
included as standard equipment in the 2016 Volvo XC90 T8 Twin Engine
plug-in hybrid.
Volvo’s selection of AeroVironment’s TurboCord Dual was based on its
ability to deliver unmatched charging versatility – as well as its
powerful and light, yet durable nature. The smallest and first
UL-listed, dual voltage Level 1 and Level 2 (120V / 240V) charging
cordset on the market, the innovative TurboCord Dual is an elegant fit
with the luxurious Volvo XC90 T8 Twin Engine, which is powered by both a
supercharged and turbocharged Drive-E engine and a rear axle electric
motor. The Volvo XC90 T8 Twin Engine is the first plug-in hybrid to
offer a UL listed 240-volt Level 2 charging as part of its standard
package. With TurboCord inside, Volvo drivers can conveniently and
easily maximize their electric driving range. At 240-volt Level 2
charging, TurboCord Dual can fully charge the Volvo XC90 in as little as
2.5 hours versus seven hours with a normal Level 1 cordset that comes
with other EVs.
“More plug-in drivers are choosing TurboCord Dual for its convenience
and versatility, and with its selection by Volvo and nomination for the
PACE Award there is even more evidence that TurboCord Dual is making an
impact,” said Ken Karklin, general manager, efficient energy systems for
AeroVironment. “TurboCord Dual is a remarkably flexible and powerful
portable charging solution, and is setting a new standard for fast,
dependable EV charging that is both convenient and easy for drivers.”
The Automotive News PACE awards program, now in its 22nd year, honors
suppliers' innovations in products, information technology,
manufacturing processes and capital equipment. Recognized around the
world as a benchmark for innovation, the awards are regarded as the
Oscars of the automotive components industry, and are awarded to
technologies that offer superior innovation, technological achievement
and business performance among automotive suppliers.
Award winners will be announced April 11 at the Max M. & Marjorie S.
Fisher Music Center in Detroit, kicking off SAE World Congress week.
For more information, please visit www.evsolutions.com.
About AeroVironment, Inc.
AeroVironment is a technology solutions provider that designs, develops,
produces, supports and operates an advanced portfolio of electric
transportation solutions and electric-powered Unmanned
Aircraft Systems (UAS). AeroVironment’s comprehensive EV
charging solutions include the portable, dual-charging (120/240V)
TurboCord, EV home charging, public charging, fast charging, data
collection, grid-integrated communications and complete installation,
training and support services for consumers, automakers, utilities,
government agencies and businesses. AeroVironment’s industrial
electric vehicle charging systems support thousands of electric
materials handling vehicles in mission-critical supply chains for
Fortune 500 enterprises. AeroVironment’s power
cycling and test systems provide EV developers and EV battery
manufacturers with market-leading simulation and cycling capabilities.
The company’s electric-powered, hand-launched unmanned aircraft systems
generate and process data to deliver powerful insight, on demand, to
people engaged in military, public safety and commercial activities
around the world. More information is available at www.avinc.com
and www.evsolutions.com.
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Reform Act of 1995. These statements are made on the basis of current
expectations, forecasts and assumptions that involve risks and
uncertainties, including, but not limited to, economic, competitive,
governmental and technological factors outside of our control, that may
cause our business, strategy or actual results to differ materially from
those expressed or implied. Factors that could cause actual results to
differ materially from the forward-looking statements include, but are
not limited to: the activities of competitors; failure of the markets in
which we operate to grow; failure to expand into new markets; failure to
develop new products or integrate new technology with current products;
and general economic and business conditions in the United States and
elsewhere in the world. For a further list and description of such risks
and uncertainties, see the reports we file with the Securities and
Exchange Commission, including our most recent Annual Report on Form
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no obligation, to update any forward-looking statements, whether as a
result of new information, future events or otherwise.
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