Brief: Concentric Partners With Hybrid And Electric Systems Provider Magtec

Concentric AB

25/03/2021 07:03

March 25 (Reuters) - Concentric AB  CONIC.ST :
    * CONCENTRIC AB PARTNERS WITH HYBRID AND ELECTRIC SYSTEMS
PROVIDER
MAGTEC TO DEVELOP A NEW ELECTRIC OIL PUMP FOR REFUSE TRUCK
APPLICATIONS
    * HAS EXTENDED ITS CUSTOMER BASE WITH A SUPPLIER NOMINATION
FROM
MAGTEC, A UK SUPPLIER OF HYBRID AND ELECTRIC DRIVE SYSTEMS USED
IN ZERO EMISSION REFUSE VEHICLES
    * A NEW ELECTRIC OIL PUMP HAS BEEN DEVELOPED FOR MAIN
TRACTION
MOTOR COOLING. PRODUCTION WILL START DURING 2021 AND SALES
REVENUE FROM THIS NEW CONTRACT ARE ESTIMATED TO BE MSEK 50 OVER
NEXT FIVE YEARS.
    * HAS EXTENDED ITS CUSTOMER BASE WITH A SUPPLIER NOMINATION
FROM
MAGTEC, A UK SUPPLIER OF HYBRID AND ELECTRIC DRIVE SYSTEMS USED
IN ZERO EMISSION REFUSE VEHICLES
    * PRODUCTION WILL START DURING 2021 AND SALES REVENUE FROM
THIS
NEW CONTRACT ARE ESTIMATED TO BE MSEK 50 OVER NEXT FIVE YEARS.

Source text for Eikon:  ID:nWkr6WL7yv 
Further company coverage:  CONIC.ST 

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