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Ideanomics Inc.’s (NASDAQ: IDEX) Dr. Abas Goodarzi Feted for Contributions to the Advancement of Electric Powertrains for Medium and Heavy-Duty Vehicles
July 7, 2021

Ideanomics Inc.’s (NASDAQ: IDEX) Dr. Abas Goodarzi Feted for Contributions to the Advancement of Electric Powertrains for Medium and Heavy-Duty Vehicles

  • Ideanomics Chief Scientist and CEO of US Hybrid Dr. Abas Goodarzi recently received the 2021 IEEE PELS Vehicle and Transportation System Achievement Award for his contributions to the advancement of electric powertrains for medium and heavy-duty vehicles
  • Dr. Abas is a 38-year veteran in the electric, hybrid, and fuel cell industries
  • Prior to his role at Ideanomics, he had worked as an Associate professor at California State University, San Francisco, and later as a Technical Director at General Motors and Senior Scientist at Hughes Aircraft Company

Ideanomics (NASDAQ: IDEX) recently announced that its Chief Scientist and US Hybrid CEO, Dr. Abas Goodarzi, had been named the recipient of this year’s IEEE PELS Vehicle and Transportation Systems Achievement Award. Dr. Abas was recognized at the IEEE Transportation Electrification Conference and Expo (“ITEC”), held virtually between June 21-25, 2021, for his contributions to the advancement of electric powertrains for medium and heavy-duty vehicles (https://ibn.fm/tFVKY). 

Established in 2019 by the Institution of Electrical and Electronics Engineers (“IEEE”) through its Power Electronics Society (“PELS”), the award is intended to honor and recognize researchers and innovators who have made remarkable technical contributions to the development of power electronics, particularly in the area of vehicle and transportation systems. It is conferred to recipients who satisfy several criteria: advancement of power electronics technology, benefits to the society, sustained impact on the relevant technical community, and the quality of technical achievement and contribution to the field (https://ibn.fm/x3bA6). 

As an industry veteran with 38 years of experience in the electric, hybrid, and fuel cell industries, Dr. Abas’ contributions and achievements are numerous. The founder of US Hybrid, he previously served as a Technical Director at General Motors (“GM”), where he directed the company’s EV1 powertrain development, and as a Senior Scientist at Hughes Aircraft Company. Prior to his position at GM, he worked as an Associate Professor at California State University, San Francisco. Dr. Abas has co-authored a textbook: Electric Powertrain: Energy Systems, Power Electronics, and Drives for Hybrid, Electric, and Fuel Cell Vehicles.

It is this wealth of knowledge that Dr. Abas brings to Ideanomics. “He has done, and continues to do, so much to advance the transition to a zero-emission future in transportation, we are proud to have him as a member of our team to help develop and commercialize industry-changing transportation solutions for now and in the future,” said Ideanomics CEO Alf Poor. 

The company was pleased to see Dr. Abas’ passion for electric, hybrid, and hydrogen fuel cell development recognized with the well-deserved award.

Speaking to Stan Osserman, the host of ThinkTech Hawaii’s YouTube Channel, in a 2019 interview (https://ibn.fm/Wvgzl), Dr. Abas’ fervor and passion for electric vehicles (“EVs”) was immediately evident. When asked about his background and how he ended up running US Hybrid, Dr. Goodarzi noted that his education has always leaned towards EVs. 

“Everything has been all about making the electric motor more compact, to make it more efficient because, the fuel economy, all of the emission reduction is really due to the electric powertrain,” stated Dr. Abas.

At the outset, Dr. Goodarzi’s focus on commercial vehicles was due to their predictable nature. He could easily quantify their emission reduction and fuel savings to clients because they were driven for a prolonged and known period. In contrast, passenger vehicles, which had an unpredictable driving schedule. Indeed, this focus and the accompanying revolutionization within this space have led to the well-deserved IEEE PLS award.

Dr. Goodarzi, who was honored to have been recognized, noted that the work has just begun.

For more information, visit the company’s website at www.Ideanomics.com.

NOTE TO INVESTORS: The latest news and updates relating to IDEX are available in the company’s newsroom at https://ibn.fm/IDEX 

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