Brief: Sevcon adds to on-road project pipeline with four new contracts

Sono NV

02/08/2017 17:55

Aug 2 (Reuters) - Sevcon Inc  SEV.O : 
    * Sevcon adds to on-road project pipeline with four new 
contracts 
    * Says co estimates if customer's production schedule 
advances according to plan, contract would be worth up to $40 
million in revenue to Sevcon 
    * Says has started shipments to a chinese automotive 
manufacturer, supplying its Gen5 based controller 
    * Says life of program runs through 2021 
    * Says production shipments commenced in July 
    * Says also announced new orders from three European 
"high-performance" automobile manufacturers 
    * Says assuming successful development, start of production 
for all three European OEMS would begin in 2018 and end in 2021 
    * Says in sum, revenues from the European automobile 
manufacturers' engineering services contracts are estimated at 
about $4.8 million 
 
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