Le Lézard
Classified in: Oil industry, Business
Subject: CON

Concentric AB Continues the Drive Toward CO2 Neutrality by Delivering Critical Solutions in Electro-hydraulic Steering (EHS) Systems

SKÅNES FAGERHULT, Sweden, June 3, 2020 /PRNewswire/ -- After announcing last year Concentric AB had successfully won five electro-hydraulic steering systems contracts worth an estimated total of EUR 9 million (SEK 94 million), Concentric AB has been awarded a further new contract to supply another global OEM producer of electric trucks and buses with the second generation EHS system. The updated system continues to offer the same long life durability whilst increasing the levels of control and intelligence, providing greater value to our customers. This new contract for European municipal vehicles is estimated to be worth EUR 7 million (SEK 67 million) over the next five years.

As the world shifts toward CO2 neutrality, especially in inner cities, the design of our EHS system continues to evolve at a similar pace. Our product and design engineers are working closely with our key customers to meet and exceed all required critical safety standards. In EHS applications, Concentric AB has developed a robust and reliable system that can also reduce energy consumption by as much as 50% over conventional solutions.

David Woolley, President and CEO of Concentric AB commented:  "Our second generation EHS system has been very well received by the market.  Its compactness, speed of "power on demand" combined with built in intelligence and self-diagnostics makes it an appealing solution to our customers needs. As with Concentric AB's other electrically driven oil and coolant pumps, our EHS system is universally applicable to hybrid, battery electric vehicles (BEV's), hydrogen fuel cell vehicles (HFC's) and off-highway machines".

For additional information please contact :
Stevie McIntyre
telephone +44-7557-153433

This information was brought to you by Cision http://news.cision.com


The following files are available for download:





SOURCE Concentric AB

These press releases may also interest you

at 15:50
The No. 9 UniFirst Chevrolet Camaro ZL1 1LE, driven by NASCAR's most popular driver, Chase Elliott, will make its second appearance of the 2020 season at the NASCAR All-Star Race on Wednesday, July 15, at Bristol Motor Speedway in Bristol, Tennessee....

at 15:46
A new health centre will be opening soon in Soufriere, Dominica, funded exclusively by the country's Citizenship by Investment (CBI) Programme. Hon. Denise Charles, Minister for Tourism, International Transport and Maritime Initiatives, and elected...

at 15:37
The following issues have been halted by IIROC: Company: Nevada Copper Corp. TSX Symbol: NCU All Issues: Yes Reason: Pending News Halt Time (ET): ?3?:?16? ?PM IIROC can make a decision to impose a temporary suspension (halt) of trading in a security...

at 15:35
As more credit unions recognize the need to provide new, high-quality services to attract and retain corporate members, CheckAlt, the leading independent provider of lockbox and treasury management solutions for credit unions and banks, is pleased to...

at 15:32
American Hospitality Properties REIT, Inc. announced that the Company's board of directors declared a special cash dividend of $0.22 per share of its common stock. The dividend is payable on August 7, 2020, to stockholders of record on July 31, 2020....

at 15:30
Nevada Copper Corp. ("Nevada Copper" or the "Company'') is pleased to announce that it has entered into an agreement with Scotiabank, on behalf of a syndicate of underwriters including RBC Capital Markets and National Bank Financial Inc., acting...

News published on 3 june 2020 at 02:17 and distributed by: