Brief: Concentric Wins Deal Worth SEK 185 Mln In North America

Concentric AB

02/06/2021 07:04

June 2 (Reuters) - Concentric AB  CONIC.ST :
    * WINS A CONTRACT TO SUPPLY THE ELECTRO HYDRAULIC STEERING SYSTEM (EHS) TO A COMPANY IN
NORTH
AMERICA FOR ELECTRIFIED TRUCKS.
    * ANNOUNCES ANOTHER IMPORTANT NOMINATION WITH A NORTH AMERICAN OEM-SUPPLIER FOR ITS EHS
SYSTEM
USED ON A NEW RANGE OF MEDIUM-DUTY BATTERY ELECTRIC TRUCKS
    * PRODUCTION WILL START IN 2021 SUPPLYING E-PUMPS FOR THEIR MEDIUM-DUTY TRUCKS AND SALES
REVENUES
FROM THIS NEW CONTRACT ARE ESTIMATED TO BE WORTH MSEK 185 OVER NEXT FIVE YEARS.

Source text for Eikon:  ID:nWkr1PhqL8 
Further company coverage:  CONIC.ST 

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