Brief: Concentric: Long-Term Agreement To Supply Global OEM With Electric Coolant Pumps For Truck Applications

Concentric AB

16/06/2021 07:05

June 16 (Reuters) - Concentric AB  CONIC.ST :
    * CONCENTRIC AB ANNOUNCES A STRATEGICALLY IMPORTANT
LONG-TERM
AGREEMENT TO SUPPLY A GLOBAL OEM WITH ELECTRIC COOLANT PUMPS FOR
TRUCK APPLICATIONS
    * ANNOUNCES A LONG-TERM AGREEMENT WITH AN EXISTING E-PUMP
CUSTOMER, A GLOBAL TRUCK AND BUS OEM, TO SUPPLY ELECTRIC COOLANT
PUMPS FOR THEIR HEAVY-DUTY ELECTRIC TRUCK
    * CONCENTRIC CURRENTLY SUPPLIES CUSTOMER WITH E-PUMPS FOR
THEIR
HYBRID AND BATTERY ELECTRIC BUSES, AND THIS NEW SUPPLY AGREEMENT
SIGNIFICANTLY INCREASES E-PUMP VOLUMES.
    * PRODUCTION FOR THIS NEW APPLICATION WILL START IN 2021 AND
REVENUES FROM THIS NEW CONTRACT ARE ESTIMATED TO BE MSEK 200
OVER NEXT FIVE YEARS.

Source text for Eikon:  ID:nWkr1VS0bD 
Further company coverage:  CONIC.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))