Brief: Concentric Receives Order From Global OEM

Concentric AB

29/11/2019 07:03

Nov 29 (Reuters) - Concentric AB  CONIC.ST :
    * CONCENTRIC RECEIVES NEW ORDER FOR ELECTRIC WATER PUMPS
FROM
GLOBAL OEM
    * HAS BEEN AWARDED A CONTRACT TO SUPPLY ELECTRICALLY DRIVEN
AND
CONTROLLED COOLANT PUMPS TO A GLOBAL OEM OF TRUCKS AND BUSES
    * PUMP WILL BE USED FOR THERMAL MANAGEMENT OF BATTERIES AND
POWER
ELECTRONICS ON THEIR NEW RANGE OF MID-SIZE ELECTRIC TRUCKS.
    * PRODUCTION WILL START IN 2021 AND CONTRACT RUNS UNTIL 2025
WITH
TOTAL SALES ESTIMATED TO AMOUNT TO SEK 150 MILLION.

Source text for Eikon:  ID:nWkrc0qSQk 
Further company coverage:  CONIC.ST 

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