Awards and Certifications From December 1
Forbes Magazine Names ALTe Powertrain Technologies as One of America’s Most Promising Companies: Forbes Magazine has named ALTe Powertrain Technologies, developer of the first range-extended plug-in hybrid electric vehicle powertrain for light commercial fleet vehicle applications, as one of America’s Most Promising Companies. Forbes’ list features 100 privately held up-and-comers with compelling business models, strong management teams, notable customers, strategic partners and precious investment capital. ALTe’s distinction as one of America’s Most Promising Companies is based on an algorithm that took into account everything from news announcements to job boards and court filings that the company and others listed announced this year. Forbes teamed up with CB Insights, a Manhattan-based data firm that tracks investment in high-growth private companies, and developed complex software called Mosaic that mines myriad online sources to come up with one, algorithmically derived score that measures a private company’s health. Forbes married Mosaic’s data-crunching with old-fashioned reporting to assemble a list of rising stars with bright growth prospects. ALTe’s increasing magnitude of substantive announcements in 2011 contributed to their placement on the Forbes list. These included a long-term supply agreement with battery maker A123 and electric motor supplier Remy, a preferred installer partnership with vehicle remarketer Manheim, a collaborative effort with Pacific Gas & Electric Co. to test their technology on PG&E’s fleet of trucks, and a joint venture with Inmatech, Inc. to produce and sell hybrid electric storage (HES) devices. Each of these strategic alignments has helped to further perfect ALTe’s technology and ensure that the company is aligned with the best business partners available before production begins in 2012. More at www.altept.com.