Press releases

ISE Corporation Receives Order For 25 Gasoline Hybrid-Electric Drive Systems For Long Beach Transit

SAN DIEGO, CA, April 29, 2008 — ISE Corporation (ISE) recently received an order from New Flyer of America (New Flyer) for 25 gasoline hybrid-electric drive systems. Based on the same ThunderVolt® hybrid drive systems already in service at different transit authorities in North America, these will be installed in New Flyer 40-foot buses before delivery to Long Beach Transit. This new order will increase Long Beach Transit's fleet of buses powered by ISE's ThunderVolt® hybrid drive systems from 62 hybrid buses to 87 hybrid buses.

This order is part of the Montebello Consortium program initiated last year for the purchase of 150 gasoline hybrid-electric 40-foot buses. This is a Federal Transit Administration pooled procurement program that provides 90% Federal funding to participating agencies. ISE's ThunderVolt® gasoline hybrid-electric drive system has been selected for the program. New Flyer of America serves as the vehicle manufacturer.

ISE's ThunderVolt® gasoline hybrid drive system was certified as an "alternative fuel" system by the California Air Resources Board (CARB) in November 2003. Over 100 of these hybrid systems are already in revenue service in various California cities, including Long Beach, Orange County, Norwalk, Montebello, Gardena, San Bernardino, and Fresno. The Long Beach Transit gasoline hybrid bus fleet has exceeded 5 million miles of total revenue service.

New Flyer is the leading manufacturer of heavy-duty transit buses in the United States and Canada. Its three facilities are in Winnipeg, MB; St. Cloud, MN and Crookston, MN.

About ISE Corporation:
ISE Corporation, based in San Diego, CA, is a leading supplier of hybrid drive systems and components for heavy-duty vehicles such as buses, trucks, trams, airport equipment, and military vehicles. ISE is a world leader in electric, hybrid-electric, and fuel cell technologies, and the only authorized distributor of Siemens ELFA® electric and hybrid-electric drive components for the U.S. transit bus market. www.isecorp.com

Contact:
Gary Willms
Vice President of Business Development, ISE Corporation
gwillms@isecorp.com

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Safe Harbor Statement: Certain statements contained in this press release are forward-looking in nature. ISE's business and operations are subject to a variety of risks, uncertainties and other factors. Consequently, actual results may materially differ from those projected and/or stated by any forward-looking statements. ISE Corporation makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made.

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