SKÅNES FAGERHULT, Sweden--(BUSINESS WIRE)--Regulatory News:
Concentric AB (STO:COIC) has secured a multi-year contract at a major truck manufacturer for the supply of water pumps on an engine to be launched in line with Euro 6 / US EPA13 legislation.
Production will start late in the fourth quarter of 2012, with ramp-up to full volumes continuing through 2013, ready in good time for the Euro 6 legislative milestone on 1st January 2014. Annual revenues will be in the region of MSEK 74, based on predicted volumes of 60,000 engines annually.
The Concentric pump is a bespoke design, developed for the vehicle's 13 litre engine. This high performance unit features integrated thermostats, integrated water filtration and a single-piece injection-moulded impeller. Concentric expertise in fluid dynamics has been used to optimize the fluid ports directing flow from the radiator, EGR cooler, oil cooler and heater matrix. The impeller design and pump geometry has resulted in a highly efficient water pump that delivers best-in-class cooling to the engine.
David Woolley, President and CEO of Concentric AB commented: “This exciting contract is one of a number of new contracts that Concentric has won linked specifically to Euro 6 / US EPA 13 Legislation. Further contracts will be announced over the coming months covering new business gained at new customers. Concentric will provide high technology oil, water and fuel transfer pumps to three new customers. On a number of these projects the revolutionary Concentric Variable Flow technology will be utilised for both oil pump and water pump applications.”
ENDS
Issued on behalf of: Concentric AB, 3 The Archway, Radford Road, Alvechurch, Birmingham B48 7LD, UK. Tel: +44 (0)845 3700 848. Fax: +44 (0)845 3700 849. Website: www.concentric (http://www.concentric-pumps.co.uk/)ab.com E-mail: info.gbal@concentricab.com (info.hydraulics.eu@concentricab.com)
By David Sommerlad, Grafton House, North Hills, Brill, Bucks.HP18 9TH. UK. Tel: +44 (0)1844 238352. E-mail: david@dspr.co.uk
CAPTION
About Concentric
Concentric is an innovator in flow control and fluid power, supplying proprietary systems and components for trucks, buses and industrial vehicles, worldwide. The company encompasses two technology/product areas, hydraulics and pumps for diesel engines. The hydraulics range is supplied under the Haldex brand name and the pumps are branded Concentric.
With 1,220 employees and yearly sales of over 2.2 billion Swedish Kronor, Concentric AB is listed on the Stockholm Stock Exchange (www.concentricAB.com).
This information was brought to you by Cision http://www.cisionwire.com