RCS - Equipmake Holdings - Equipmake Doubles Continuous Power
04/09/2024 07:00
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RNS Number : 8565C Equipmake Holdings PLC 04 September 2024
Reach - non-regulatory announcement
4 September 2024
Equipmake Holdings plc
("Equipmake" or the "Company")
Equipmake Doubles Continuous Power with Heavy Vehicle Electric Motor
Equipmake, a market leader in engineering-driven differentiated
electrification technologies, products and solutions across the automotive,
truck, bus and speciality vehicle industries, is pleased to announce a
significant milestone in its development of heavy vehicle electric motors,
which was announced today at the Cenex Expo 2024 exhibition, held at UTAC
Millbrook. The Company has successfully doubled the continuous power output of
its HTM-3500 motor, reinforcing Equipmake's strong position in the rapidly
expanding global market for electrification technology.
Key Points
· The upgraded HTM-3500 maintains its peak performance of 3500Nm and
400kW, while its continuous power output has been doubled from 100kW to 200kW
at 2500rpm.
· This cutting-edge motor, designed for buses, coaches, trucks, and
off-highway vehicles, is a testament to Equipmake's leadership in e-propulsion
technology.
· The advancement further expands Equipmake's comprehensive range of
in-house developed, sector-leading products, including ASIL-D certified
inverters and complete electric drivetrains.
· In response to growing global demand, Equipmake has established
strategic partnerships over the past two years with industry leaders such as
Perkins (a subsidiary of Caterpillar Inc.) Sona Comstar, H55, Vertical
Aerospace, and Gilmour Space.
The next-generation HTM-3500 is a state-of-the-art electric motor, delivering
unparalleled performance for heavy-duty vehicles. While the motor retains its
impressive peak figures of 3500Nm and 400kW, the continuous power has been
significantly enhanced, doubling from 100kW to 200kW at 2500rpm, crucial for
the demanding duty cycles of heavy vehicles.
Equipmake's broad portfolio includes proprietary electric motors, ASIL-D
certified inverters, and complete electric drivetrains. These technologies are
designed, developed, and manufactured in-house, targeting the bus, coach,
truck, and off-highway vehicle sectors, which are rapidly transitioning from
Internal Combustion Engines (ICEs) to Zero Emission Vehicles (ZEVs).
As a vertically integrated technology company, Equipmake offers end-to-end
solutions, seamlessly integrating its products and systems into a wide range
of vehicles. The Company has rapidly expanded its global presence, securing
multiple contracts and strategic partnerships with leading brands. Notably,
Equipmake has partnered with Perkins, a subsidiary of Caterpillar Inc., to
develop a bespoke heavy-duty hybrid electric system, leveraging its high
torque density electric motor and inverter technologies.
In addition to the HTM-3500 motor, Equipmake's capabilities extend to
inverters, power electronics, and lithium-ion battery technology. The Company
also specialises in converting existing vehicles to electric power, including
collaborations with REV Group in the US and Emergency One in the UK on fire
truck conversions, as well as projects involving airside logistical vehicles
at airports.
Ian Foley, CEO, Equipmake said:
"I am delighted to hit another major milestone in Equipmake's e-technology
journey. Our upgraded, heavy-duty HTM-3500 motor sets new standards and is
another example of how our proprietary e-propulsion product range is rapidly
evolving. By doubling its continuous power, our HTM-3500 enables electric
buses, coaches, trucks and other heavy vehicles to operate with greater
real-world performance and efficiency during their regular duty cycles.
"Heavy vehicle electrification is happening at pace and our sector-leading
technology is accelerating the transition from ICEs to ZEVs in multiple
markets, from buses to trucks to off-highway vehicles. Demand will increase as
we continue to partner with many of the world's leading OEM. I believe that
Equipmake is well positioned to take advantage on this market shift as we
focus on cultivating our reputation for electric powertrain innovation and
product excellence on the global stage."
**ENDS**
For further information, please contact:
Equipmake Via St Brides Partners
Ian Foley, CEO
Tony Ratcliffe, CFO
St Brides Partners (Financial PR Adviser) Tel: +44 (0) 20 7236 1177
equipmake@stbridespartners.co.uk
Susie Geliher / Paul Dulieu / Will Turner
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About Equipmake
Equipmake is a UK-based industrial technology company specialising in the
engineering, development and production of electrification products to meet
the needs of the automotive and other sectors in support of the transition
from fossil-fuelled to zero-emission powertrains.
Equipmake is a leader in high performance technologically advanced electric
motors, inverters and complete zero-emission electric drivetrains and power
electronic systems. Equipmake has developed a vertically integrated solution
providing fully bespoke solutions to its customers. The Company is focussed on
accelerating traction with OEM and Tier 1 suppliers in relation to higher
margin component and drivetrain supply under long-term growth contracts.
Key differentiators of the Company offerings are its advanced technology and
performance, reliability and adherence to ASIL-D(1) functional safety.
Equipmake's advanced motor and inverter technology, featuring ASIL-D
compliance, are designed to customers' highest Functional Safety standards.
With decades of experience in electric drivetrain integration and a dedicated
prototype vehicle testing facility, Equipmake can significantly accelerate
product development for customers.
(1) Automotive Safety Integrity Level ("ASIL") is a risk classification scheme
defined by the ISO 26262 - Functional Safety for Road Vehicles standard and is
a critical requirement for road vehicles. Of the four ASILs identified by the
standard, ASIL-D dictates the highest integrity requirements on the product,
which require exceptional rigour in their development.
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