Corvus Energy in a MoU

RICHMOND, US: TUG Technologies Corporation, a global manufacturer of aviation ground support equipment (GSE) and Corvus Energy, manufacturer of lithium polymer batteries, announced they have signed a memorandum of understanding (MOU) whereby TUG will incorporate Corvus Energy lithium GSE technology into TUG Technologies’ portfolio of GSE products.The two companies initially expect to collaborate by producing an electric version of TUG’s popular MA series baggage tractor powered by Corvus Energy’s lithium polymer based drivetrain solutions. The lithium MA will be available for purchase this spring and will be followed by a lithium 660 belt loader this summer.

“We are thrilled to have the opportunity to work with a market leader such as TUG,” said Corvus Energy’s Vice President of Business Development, Sean Puchalski. “This partnership will allow us to access the market more rapidly with our zero emission, zero battery-maintenance GSE technology; being associated with such a high quality company as TUG Technologies is an honor and a responsibility we cherish worldwide.”

“An agreement with Corvus will give us access to proven lithium battery technology from a partner who understands GSE engineering,” said TUG Technologies’ President and CEO, Stefaan Ver Eecke. “Our GSE portfolio is well-positioned to introduce new technologies to customers that reduce fuel consumption, maintenance costs and help preserve the environment. We believe the combination of Corvus’ advanced drive train technology and TUG TUFF engineering will be a significant enhancement for the GSE industry.”