Brief: Concentric Partners With Global Tier 1 Manufacturer

Concentric AB

04/05/2021 07:08

May 4 (Reuters) - Concentric AB  CONIC.ST :
    * CONCENTRIC AB PARTNERS WITH A GLOBAL LEADER IN DRIVELINE
TECHNOLOGY TO DEVELOP A NEW ELECTRIC OIL PUMP FOR ADVANCED
START/STOP CAPABILITY
    * PRODUCTION WILL START IN 2022 AND SALES REVENUES FROM THIS
NEW
CONTRACT ARE ESTIMATED TO BE WORTH MSEK 45 OVER NEXT FIVE YEARS.
    * HAS PARTNERED WITH A GLOBAL TIER 1 MANUFACTURER OF FULLY
AUTOMATIC TRANSMISSIONS FOR MEDIUM- AND HEAVY-DUTY COMMERCIAL
VEHICLES TO DEVELOP A NEW FULLY ELECTRIC OIL PUMP FOR USE WITHIN
THEIR "START/STOP" TECHNOLOGY

Source text for Eikon:  ID:nWkr89Bh6R 
Further company coverage:  CONIC.ST 

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