Brief: Concentric Wins Contract For Its Electro Hydraulic Steering (EHS) Pumps

Concentric AB

08/04/2021 07:16

April 8 (Reuters) - Concentric AB  CONIC.ST :
    * CONCENTRIC AB WINS A STRATEGICALLY SIGNIFICANT CONTRACT
FOR ITS
ELECTRO HYDRAULIC STEERING (EHS) PUMPS FOR THE NEXT GENERATION
ELECTRIC EMERGENCY UTILITY TRUCKS
    * ANNOUNCES AN IMPORTANT OEM NOMINATION FOR ITS EHS PUMPS TO
BE
USED ON ELECTRIC EMERGENCY UTILITY TRUCKS
    * PRODUCTION WILL START IN 2021 AND SALES REVENUES FROM THIS
NEW
CONTRACT ARE ESTIMATED TO BE WORTH MSEK 21 OVER NEXT FIVE YEARS.
    * AS LOCAL CITY REGULATIONS DRIVE INCREASED DEMAND FOR
ELECTRIC
COMMERCIAL VEHICLES, THESE EHS CUSTOMER NOMINATIONS BECOME
INCREASINGLY IMPORTANT IN A SECTOR WHICH PRESENTS EXCITING
LONG-TERM GROWTH OPPORTUNITIES

Source text for Eikon:  ID:nWkr9JMymq 
Further company coverage:  CONIC.ST 

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