Sevcon Leads Consortium to Develop New Drivetrain Technology for Hybrid and Electric Vehicles
19 Setembro 2011 - 10:30AM
Sevcon, Inc. (Nasdaq:SEV), a global manufacturer of microprocessor
based controls for zero emission electric vehicles, today announced
that it is leading a collaborative project to develop a next
generation of electric drivetrain systems for hybrid and pure
electric vehicles (EVs).
Consisting of UK-based Cummins Generator
Technologies and Newcastle University's Power Electronics and
Drives Research Group along with Sevcon, the group has secured more
than £500,000 in matched UK government funding to develop a highly
innovative "no rare earth metals" electric drive system for EVs
using advanced switched reluctance motor technology.
"Although global demand for hybrid and electric
vehicles is likely to grow dramatically over the next 10 years, the
automotive industry's ability to meet this demand is being
challenged by constraints on the availability of the rare-earth
magnets used in the motors that drive these vehicles," said Sevcon
President and CEO Matt Boyle. "Our goal in this collaborative
project is to solve this problem by developing for volume
production a new electric motor technology that uses cutting-edge
power electronics to eliminate the need for magnets incorporating
rare earth metals. As well as providing sufficient power, the new
generation system will be designed to be both cost-competitive and
suitable for high-volume manufacture."
"Each member of this newly formed consortium brings
unique capabilities to the project, ideally positioning us to
succeed in this challenging initiative," Boyle said. "Our decades
of experience in the field have earned Sevcon worldwide recognition
as a leading supplier of advanced motor control technology to the
international EV market. Cummins Generator Technologies, the
largest manufacturer of electrical machines in the UK, has recently
developed a hybrid electric motor for commercial vehicles and
buses. Newcastle University augments this automotive drivetrain
engineering and manufacturing experience by providing
state-of-the-art EV research capability."
About Sevcon, Inc.
Sevcon is a world leader in the design and
manufacture of microprocessor based controls for zero emission
electric vehicles. The controls are used to vary the speed and
movement of vehicles, to integrate specialized functions, and to
optimize the energy consumption of the vehicle's power source. The
company supplies customers throughout the world from its operations
in the USA, the UK, France and the Asia Pacific region and through
an international dealer network. Sevcon's customers are
manufacturers of on and off road vehicles including cars, trucks,
buses, motorcycles, fork lift trucks, aerial lifts, mining
vehicles, airport tractors, sweepers and other electrically powered
vehicles. For more information visit www.sevcon.com.
The Sevcon, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=9607
Forward-Looking Statements
Forward-looking statements in this release about
Sevcon's participation in a consortium to develop new drivetrain
technology for hybrid and electric vehicles are subject to risks
and uncertainties that could cause actual results to differ
materially from those we anticipate. In particular: the consortium
could fail to achieve its goal; global demand for electric vehicles
may not grow as much as we expect; our customers' products may not
be as successful as those of other entrants in the electric vehicle
market who are supplied by our competitors; continuing economic
instability may cause customers to delay, decrease or cancel
purchases of our products; we are dependent on a few key suppliers
and subcontractors for most components, sub-assemblies and finished
products, and we may not be able to establish alternative sources
of supply in time if supplies are interrupted; we have a small
number of key customers whose loss would adversely affect our
results; and our worldwide operations are subject to the risks of
international trade, including without limitation regional economic
downturns, exchange rate fluctuations, and changing laws,
regulatory practices and tariffs. Please see the company's most
recent forms 10-K and 10-Q on file with the SEC for further
information regarding Sevcon's risk factors.
CONTACT: David Calusdian
Sharon Merrill Associates
1 (617) 542 5300
dcalusdian@InvestorRelations.com
Matt Boyle
President and CEO
1 (508) 281 5503
matt.boyle@Sevcon.com
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