News Headlines
Indianapolis Business Journal Article — 04/03/09
The Indianapolis Business Journal has an article about Indy Power Systems on its front page.
An excerpt:
Indy Power Systems is starting to find believers in its technology.
It has a letter of intent to produce its control device for Elkhart-based Godfrey Marine, which is looking at building an electric pontoon boat powered by both lead-acid and lithium-ion batteries.
It's had talks with Fort Wayne-based LC3 Inc., which makes "neighborhood electric vehicles" used by consumers and law enforcement agencies. Tolen also has been working with Union City-based Productive Concepts, which converts vehicles to run on hybrid electric and other alternative power systems.
The Multi-Flex box also appears to have valuable applications for Indianapolis-based Earth-Solar Technologies. The company builds photovoltaic power systems and plans to marry them with other technologies, such as wind, for deployment in communities around the world not served by an electric grid.
"The Multi-Flex switch is extremely valuable in this concept," said Keni Washington, managing partner of Earth-Solar.
Tolen's power control system company adds to Indiana's growing ranks of alternative energy companies, which also includes such firms as battery makers Altairnano, in Anderson, and EnerDel, on East 86th Street at Hague Road. Tolen sees the region shaping up as a Silicon Valley of advanced energy.
"Indiana could be the 'Intel inside' in this industry," he said.
Indy Power Systems has among its brain trust some of the top industry insiders in transportation energy and energy management systems. Board member Bill Wylam, while at GM's former Delco Remy division, developed the propulsion system for the automaker's EV1 electric car.
Also on board is Bob Galyen, another Delco Remy veteran who was lead designer of the battery pack for the EV1's prototype predecessor, the Impact.
Galyen has also written much of the electric vehicle terminology adopted by the Society of Automotive Engineers.