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Heramba Electric's Kiepe Electric Subsidiary Receives Order for SmartHybrid Battery Drive for Center-Cab Locomotive DE 18 from Vossloh Rolling Stock

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Heramba Electric's subsidiary Kiepe Electric has received an order from Vossloh Rolling Stock to equip eleven DE 18 diesel-electric shunting locomotives with SmartHybrid battery drives. This innovative system replaces additional diesel tanks, offering low-emission and low-noise operation. Key benefits include:

1. Higher availability and energy efficiency
2. Up to 25% reduction in fuel costs
3. Reduced maintenance costs
4. Zero-emission operation in sensitive areas
5. Extended start-stop function for reduced emissions

The SmartHybrid system allows for up to one hour of emission-free shunting operations and three hours of auxiliary unit power supply when the diesel engine is off. This partnership demonstrates Heramba Electric's commitment to cleaner, sustainable transportation solutions in the rail industry.

La filiale di Heramba Electric, Kiepe Electric, ha ricevuto un ordine da Vossloh Rolling Stock per equipaggiare undici locomotive diesel-elettriche DE 18 con azionamenti a batteria SmartHybrid. Questo sistema innovativo sostituisce i serbatoi diesel aggiuntivi, offrendo un'operazione a basse emissioni e a basso rumore. I principali vantaggi includono:

1. Maggiore disponibilità e efficienza energetica
2. Fino al 25% di riduzione dei costi del carburante
3. Riduzione dei costi di manutenzione
4. Operazione a zero emissioni in aree sensibili
5. Funzione di avvio-arresto estesa per ridurre le emissioni

Il sistema SmartHybrid consente fino a un'ora di operazioni di manovra senza emissioni e tre ore di fornitura di energia ausiliaria quando il motore diesel è spento. Questa partnership dimostra l'impegno di Heramba Electric verso soluzioni di trasporto più pulite e sostenibili nell'industria ferroviaria.

La subsidiaria de Heramba Electric, Kiepe Electric, ha recibido un pedido de Vossloh Rolling Stock para equipar once locomotoras diésel-eléctricas DE 18 con motores de batería SmartHybrid. Este sistema innovador reemplaza los tanques de diésel adicionales, ofreciendo una operación de bajas emisiones y bajo ruido. Los beneficios clave incluyen:

1. Mayor disponibilidad y eficiencia energética
2. Reducción de costos de combustible de hasta un 25%
3. Costos de mantenimiento reducidos
4. Operación sin emisiones en áreas sensibles
5. Función de arranque-paro extendida para reducir emisiones

El sistema SmartHybrid permite hasta una hora de operaciones de maniobra sin emisiones y tres horas de suministro de energía auxiliar cuando el motor diésel está apagado. Esta asociación demuestra el compromiso de Heramba Electric con soluciones de transporte más limpias y sostenibles en la industria ferroviaria.

Heramba Electric의 자회사 Kiepe Electric이 Vossloh Rolling Stock으로부터 11대의 DE 18 디젤-전기 수송 기관차에 스마트하이브리드 배터리 드라이브를 장착하라는 주문을 받았습니다. 이 혁신적인 시스템은 추가적인 디젤 탱크를 대체하며, 저배출 및 저소음 작동을 제공합니다. 주요 이점은 다음과 같습니다:

1. 높은 가용성과 에너지 효율성
2. 연료비 최대 25% 절감
3. 유지보수 비용 절감
4. 민감한 지역에서의 제로 배출 운영
5. 배기가스 감축을 위한 확장된 시작-정지 기능

스마트하이브리드 시스템은 디젤 엔진이 꺼져 있을 때, 최대 1시간의 배출 없는 수송 작업과 3시간의 보조 전원 공급을 제공합니다. 이 파트너십은 Heramba Electric이 철도 산업에서 더 깨끗하고 지속 가능한 운송 솔루션에 대한 의지를 보여줍니다.

La filiale de Heramba Electric, Kiepe Electric, a reçu une commande de Vossloh Rolling Stock pour équiper onze locomotives diesel-électriques DE 18 avec des propulsions à batterie SmartHybrid. Ce système innovant remplace les réservoirs de diesel supplémentaires, offrant une opération à faibles émissions et à faible bruit. Les principaux avantages comprennent :

1. Disponibilité et efficacité énergétique accrues
2. Réduction des coûts de carburant pouvant aller jusqu'à 25%
3. Coûts de maintenance réduits
4. Fonctionnement sans émissions dans les zones sensibles
5. Fonction de démarrage-arrêt prolongée pour réduire les émissions

Le système SmartHybrid permet jusqu'à une heure d'opérations de manœuvre sans émissions et trois heures d'alimentation des unités auxiliaires lorsque le moteur diesel est éteint. Ce partenariat démontre l'engagement de Heramba Electric en faveur de solutions de transport plus propres et durables dans l'industrie ferroviaire.

Die Tochtergesellschaft von Heramba Electric, Kiepe Electric, hat einen Auftrag von Vossloh Rolling Stock erhalten, um elf DE 18 diesel-elektrische Rangierlokomotiven mit SmartHybrid-Batterieantrieben auszurüsten. Dieses innovative System ersetzt zusätzliche Dieseltanks und ermöglicht geringere Emissionen und leiseren Betrieb. Die wichtigsten Vorteile umfassen:

1. Höhere Verfügbarkeit und Energieeffizienz
2. Kostenreduzierung bei Kraftstoff von bis zu 25%
3. Reduzierte Wartungskosten
4. Emissionsfreier Betrieb in sensiblen Bereichen
5. Erweiterte Start-Stopp-Funktion zur Emissionsreduzierung

Das SmartHybrid-System ermöglicht bis zu eine Stunde emissionsfreier Rangierbetriebe und drei Stunden Verdopplung der Hilfseinheit, wenn der Dieselmotor ausgeschaltet ist. Diese Partnerschaft zeigt das Engagement von Heramba Electric für sauberere, nachhaltige Verkehrslösungen in der Verkehrsbranche.

Positive
  • Received framework order for eleven SmartHybrid battery drive systems
  • Potential for up to 25% reduction in fuel costs
  • Reduced maintenance costs for locomotive operators
  • Enables zero-emission operation in sensitive areas like tunnels and train stations
  • Increased operational flexibility meeting new environmental guidelines
Negative
  • None.

Insights

The partnership between Kiepe Electric and Vossloh Rolling Stock signifies a notable shift in the locomotive industry towards sustainable solutions. This move aligns with the growing global emphasis on reducing carbon emissions in the transportation sector. The SmartHybrid battery drive's ability to reduce fuel costs by up to 25% and lower maintenance expenses presents a compelling value proposition for operators.

From an investor's perspective, this development positions Heramba Electric favorably in the green technology market. The framework order for eleven locomotives indicates market acceptance and potential for future growth. However, it's important to note that the immediate financial impact may be , as locomotive upgrades typically represent long-term investments rather than quick revenue generators.

Kiepe's SmartHybrid battery drive represents a significant technological advancement in locomotive design. The system's integration, replacing additional diesel tanks with battery drives, showcases innovative engineering. Key technical benefits include:

  • Flexibility to operate in "zero-emission" areas
  • Up to one hour of emission-free shunting operations
  • Extended start-stop function for reduced emissions
  • Ability to power auxiliary units for up to three hours with the diesel engine off

This technology addresses critical industry challenges, particularly in meeting stringent environmental guidelines. The system integration expertise demonstrated by Kiepe in optimizing battery-traction container interaction is a valuable competitive advantage in the evolving rail technology landscape.

While the immediate financial impact of this order may not be substantial for Heramba Electric, it represents a strategic positioning in the growing market for sustainable transportation solutions. The company's ability to secure orders in this sector indicates potential for long-term revenue growth.

Investors should consider:

  • The scalability of this technology across Vossloh's fleet and potential adoption by other manufacturers
  • The recurring revenue potential from maintenance and upgrades
  • The impact on Heramba's market share in the locomotive modernization segment

However, it's important to note that the transition to green technologies in the rail industry is gradual and significant financial returns may take time to materialize. The company's performance should be evaluated in the context of its overall strategy and market position in sustainable transportation solutions.

  • KIEPE equips Vossloh Rolling Stock's DE 18 center-cab locomotives with SmartHybrid battery power converters; eleven systems have already been delivered
  • System integration by KIEPE replaces the locomotives' additional diesel tanks with battery drive
  • Locomotives meet new environmental guidelines or local emission limits for pollutants and noise emissions

DÜSSELDORF, Germany, and ATLANTA, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Heramba Electric plc (NASDAQ: PITA) (“Heramba Electric” or the “Company”), a global technology company focused on decarbonizing public and commercial transportation, announced that its wholly owned subsidiary, Kiepe Electric (“KIEPE”) has received a framework order from Vossloh Rolling Stock to equip eleven class DE 18 diesel-electric shunting locomotives with KIEPE's SmartHybrid battery drive instead of an additional diesel tank. The low-emission and low-noise operation of KIEPE's SmartHybrid battery drive brings operators various benefits, such as higher availability, decarbonization, and energy efficiency. KIEPE will present the SmartHybrid solution at Booth 430, Hall 9 at InnoTrans in Berlin from September 24-27, 2024.

Ulrich Lauel, Director of Global Sales Rail Systems at KIEPE: “Rail vehicles are designed for very long lifecycles. It is therefore important to keep an eye on the latest technologies. KIEPE wants to work with its customers to exploit all possibilities to implement the low-emission and efficient vehicles required today. We are fortunate to have added a successful chapter to our long-standing business partnership with Vossloh Rolling Stock with this locomotive project.”

KIEPE's System Integration is Convincing

KIEPE has already equipped over 130 DE 18 locomotives from Vossloh Rolling Stock, mainly used in heavy shunting and mainline service, with traction converters (TU 900). Eleven locomotives of this type have already been equipped with a SmartHybrid battery drive and control system.

The power converter with an integrated battery is mounted under the locomotive in place of the additional fuel tank and is connected to the locomotive's fire protection system. KIEPE equips the SmartHybrid battery drive with the batteries in an assembly facility specially set up for this purpose in Düsseldorf. Two battery packs are placed in the housing of the UGC 301 (underfloor equipment container 301) and integrated into the locomotive's drive system and its controls. The batteries can be charged via the diesel engine or an external power supply (3AC 400V). KIEPE contributes with system integration know-how to optimize the interaction between the battery and the traction container.

Economical Operation Despite Frequent Start and Stop Operation

The class DE 18 SmartHybrid locomotive can be used more flexibly in operation because it meets new environmental guidelines or local emission limits with regard to pollutants and noise emissions. The vehicles can drive in “zero-emission” areas, such as tunnels, inside factory buildings or train stations. In addition, depending on the load profile, a locomotive can carry out up to one hour of shunting operations without emitting emissions, even at night, thanks to the low noise levels. The frequent starting and stopping of the locomotives is more economical because the extended start-stop function of the diesel engine reduces pollutant emissions. This can reduce fuel costs by as much as 25% and also reduce maintenance costs. Battery operation scores points for its increased efficiency, especially when power requirements are low (less than 400 kW). Auxiliary units can be supplied with energy for up to three hours when the diesel engine is switched off.

Vossloh Rolling Stock DE 18

The SmartHybrid battery drive from KIEPE makes the DE 18 locomotive more flexible and sustainable in its use. | © Vossloh Rolling Stock

Michele Molinari, CEO of Heramba Electric, said: “Heramba Electric and our Kiepe Electric subsidiary are committed to driving the transition to cleaner, more sustainable transportation solutions. Economical and low-emission rail vehicles are in demand, which also applies to cargo locomotives. The partnership with Vossloh Rolling Stock highlights our shared vision for reducing emissions and enhancing operational efficiency in rail systems. The SmartHybrid battery drive is a significant step forward, offering operators the flexibility, environmental benefits, and cost savings needed to meet modern challenges. We are proud to be at the forefront of this innovation, providing solutions that support a greener future for public and commercial transportation.”

About Heramba Electric

Heramba Electric is a special-focused company dedicated to accelerating decarbonized commercial transportation. Focused on innovation and impactful developments, our vision is to help the world seamlessly shift towards green mobility. Our investments in sustainable, clean energy providers support Heramba Electric’s mission to abate this transportation sector’s contribution to global greenhouse gas emissions (GHGs). Heramba Electric is the parent company of Kiepe Group, an international pioneer in electric mobility for rail vehicles and buses. For more information on Heramba Electric plc, visit our website at www.herambaelectric.com.

KIEPE, headquartered in Düsseldorf with subsidiaries in Austria, Canada, Italy, Switzerland and the USA, is known worldwide for its efficient and ecologically sustainable electrical equipment. The company has been offering solutions for light rail, subways, regional trains, locomotives, and electric buses with In Motion Charging (IMC) and High-Power Charging (HPC) since 1906. In addition, KIEPE provides charging systems for various applications. Kiepe Electric GmbH is a company of Heramba Electric plc. For more information on Kiepe Electric, visit our website at https://kiepe-group.com/en.

Cautionary Statement Regarding Forward-Looking Statements 

Certain statements included in this communication that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or events that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the plans and objectives of management for future operations, business strategy, anticipated growth and market opportunity. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Heramba Electric management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Heramba Electric. These forward-looking statements are subject to a number of risks and uncertainties, including (i) changes in domestic and foreign business, market, financial, political and legal conditions; (ii) the ability to continue to meet stock exchange listing standards following the consummation of the Business Combination; (iii) failure to realize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (iv) changes in applicable law or regulations; (v) the outcome of any legal proceedings that may be instituted against Heramba Electric, PERAC or Heramba; (vi) the effects of competition on Heramba Electric's future business; (vii) the ability of Heramba Electric to finance future operations; (viii) the enforceability of Heramba Electric's intellectual property rights, including its copyrights, patents, trademarks and trade secrets, and the potential infringement on the intellectual property rights of others; and (ix) those factors discussed under the heading "Risk Factors" in the definitive proxy statement/prospectus filed on March 19, 2024 by Heramba Electric and other documents filed, or to be filed, by Heramba Electric with the U.S. Securities and Exchange Commission. If any of these risks materialize or the assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Heramba Electric does not presently know or that Heramba Electric currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements.

In addition, forward-looking statements reflect Heramba Electric's plans or forecasts of future events and views as of the date of this communication. Heramba Electric anticipates that subsequent events and developments may cause Heramba Electric's assessments to change. However, while Heramba Electric may elect to update these forward-looking statements at some point in the future, Heramba Electric specifically disclaims any obligation to do so. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. Accordingly, undue reliance should not be placed upon the forward-looking statements.

For further information and inquiries, please contact:

Media
Paragon PR
Simon Hylson-Smith
heramba@paragonpr.com

Investors
Hayden IR
James Carbonara
(646)-755-7412
james@haydenir.com

Atlanta Capital Partners, LLC
David L. Kugelman
(866) 692-6847 Toll Free - U.S. & Canada
(404) 281-8556 Mobile and WhatsApp
dk@atlcp.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/673292c5-de43-4fc1-9a53-9a0cfb198a53


FAQ

What is the SmartHybrid battery drive system developed by Kiepe Electric for the DE 18 locomotive?

The SmartHybrid battery drive system is an innovative solution that replaces additional diesel tanks in DE 18 locomotives. It offers low-emission and low-noise operation, enabling up to one hour of emission-free shunting and three hours of auxiliary power supply when the diesel engine is off.

How does the SmartHybrid battery drive impact fuel costs for DE 18 locomotives?

The SmartHybrid battery drive can reduce fuel costs by up to 25% for DE 18 locomotives. This is achieved through its extended start-stop function and more efficient operation, especially when power requirements are low.

What are the environmental benefits of Kiepe Electric's SmartHybrid system for Vossloh Rolling Stock's DE 18 locomotives?

The SmartHybrid system enables DE 18 locomotives to meet new environmental guidelines, reduce pollutant and noise emissions, and operate in zero-emission areas such as tunnels, factory buildings, and train stations. It also allows for quieter nighttime operations.

How many DE 18 locomotives has Kiepe Electric equipped with traction converters?

Kiepe Electric has equipped over 130 DE 18 locomotives from Vossloh Rolling Stock with traction converters (TU 900), mainly used in heavy shunting and mainline service.

When and where will Kiepe Electric showcase its SmartHybrid solution for locomotives?

Kiepe Electric will present the SmartHybrid solution at Booth 430, Hall 9 at InnoTrans in Berlin from September 24-27, 2024.

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