Remy International, Inc. Forms New Business Unit to Target EV/HEV

Prior to joining Remy, Quinn was Owner and Managing Director of Power Technology Ventures, a business development firm specializing in emerging power technologies. His work experience also includes more than 20 years of leadership roles with several Fortune 50 companies, including Allied Signal/Honeywell, DuPont and G.E. He holds a Bachelor of Science degree in biochemistry from the University of Illinois and earned an MBA from the Wharton School of Business at the University of Pennsylvania.

Remy International’s CEO John Weber said, "We are projecting rapid growth over the next five years in the Electric Vehicle/Hybrid Electric Vehicle market, and Remy has some terrific technology for these applications. Kevin brings a wealth of experience to new business launches, and we’re delighted to have him leading our efforts here. We expect to build a $500 million global business unit for Remy International, and we’re investing the resources to make this happen. We’re staffing up our engineering, sales and market development functions immediately, and we’ll be expanding our manufacturing capacity by the end of this year."

Last October, Remy International introduced an advanced electric motor for hybrid and hybrid-electric vehicles. This innovative product, the HVH250, is based on Remy’s patented High Voltage Hairpin technology and offers the highest power and torque density on the market today. It is the first in a series of new off-the-shelf products planned by Remy for the automotive, truck, bus and heavy equipment markets.

The HVH motor platform exceeds not only the current DOE targets for electric motor power density, but Remy’s platform already exceeds published 2020 DOE targets for power density by 200 percent.

With multiple manufacturing sites in North America and Europe, Remy has the capacity to produce more than 100,000 of these electric motors annually. Remy’s expansion of this product line is being funded in part by recent Department of Energy grants aimed at accelerating the commercialization of next generation electric vehicle technologies. Some of the grant funds will also be available to support customer costs associated with the integration of the motor/generator system.

For more details about the HVH250 Series electric motors, visit the Remy International website at: http://remyinc.com/hvh.asp.

Remy International, Inc., headquartered in Pendleton, Indiana, is a leading global manufacturer, remanufacturer and distributor of light duty starters, alternators and electric motor technology and Delco Remy brand heavy-duty systems. In business for over 100 years, today Remy International is actively collaborating with companies throughout the world to develop innovations that are transforming the vehicle industry. Recently, Remy International was recognized by the United States Department of Energy for its leadership role in the hybrid technologies space and awarded a $60 million grant under the Electric Drive Vehicle Battery and Component Manufacturing Initiative.

www.remyinc.com