LOS ALTOS, CALIFORNIA -- Adura Systems, Inc., a leading clean technology company delivering near zero emissions and extreme fuel efficiency with Serial Hybrid solutions for the bus and truck markets announced today that New Frontier Renewable Energy LLC is investing in Adura. Barry Jennings, CEO of New Frontier is joining Adura's Strategic Advisors Board. Previously, Adura announced its strategic alliance with the China Automotive Technology and Research Center in China.
New Frontier is a developer of wind farms and is a strategic partner with alternative energy companies. Mr. Jennings has many years of experience in the energy and transportation industries. He was formerly a Global Managing Partner at Accenture responsible for supply chain and strategy for the energy, chemicals, utilities and natural resource industries. New Frontier's latest venture is New Frontier Wind, a 100 megawatt windfarm development in the Midwest.
"ADURA's technology for Serial Hybrids is a revolutionary product with great potential to improve our environment, decrease our demand for foreign oil and to provide a more viable clean energy alternative solution to the transportation industry. Marv Bush, the CEO of Adura, is assembling a world class team that can make a huge impact in the global market and I am looking forward to working with Marv and the Adura team" said Barry Jennings.
Adura Systems, Inc. is the technology leader in Serial Plug-in Hybrid IP for the Bus, Truck and Automotive industries. The company delivers technology-leading system platforms and intellectual property to the mass transportation market, enabling near zero emissions and dramatic reductions in fuel consumption. Adura addresses the key challenges industry and manufacturers face today: fuel consumption, emissions, range and robust power. Adura is headquartered in Los Altos, California, and has an affiliate in Shanghai, China.
Editorial Contact: Investor Relations:
Press at Adura Systems Cliff Nakayama
Adura Systems, Inc. Mostwell International
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