SinterCast secures new order for commercial vehicle series production installation
February 11, 2013 - London
Major European commercial vehicle OEM orders SinterCast process control technology
SinterCast System 3000 to be installed in captive foundry during first quarter of 2013
Product development and series production of heavy-duty CGI cylinder blocks
[Stockholm, 11 February 2013] - Following successful technical support of Compacted Graphite Iron (CGI) product development, an undisclosed major European commercial vehicle OEM has ordered a SinterCast System 3000 to enable independent CGI series production in its captive foundry. At the request of the OEM, the details of the installation and the engine applications remain confidential. The System 3000 process control hardware will be integrated with a SinterCast wirefeeder that was previously installed at the OEM foundry during intensified product development activities in 2012 to provide a fully automated process control system. The complete installation is planned to be commissioned during the first quarter of 2013.
"SinterCast is pleased to have provided technical support to this industry-leading commercial vehicle OEM for more than ten years. It is rewarding that our support has provided the confidence for the OEM to decide to install the SinterCast technology in its foundry, increasing the number of foundries with SinterCast installations to 29" said Dr Steve Dawson, President & CEO of SinterCast. "This new commitment reinforces SinterCast's position as the leading provider of Compacted Graphite Iron process control technology and solutions, and also reconfirms the irreversible trend toward CGI for state-of-the-art commercial vehicle diesel engines."
For further information please contact:
|Dr. Steve Dawson|
|President & CEO|
|SinterCast AB (publ)|
|Tel:||+46 8 660 7750|
SinterCast is the world's leading supplier of process control technology for the reliable high volume production of Compacted Graphite Iron (CGI). With at least 75% higher tensile strength, 45% higher stiffness and approximately double the fatigue strength of conventional grey cast iron and aluminium, CGI allows engine designers to improve performance, fuel economy and durability while reducing engine weight, noise and emissions. The SinterCast technology is used for the production of more than 50 CGI components, ranging from 2 kg to 17 tonnes, all using the same proven process control technology. The end-users of SinterCast-CGI components include Aston Martin, Audi, Cameron Compression, Caterpillar, Chrysler, DAF Trucks, Ford, Ford-Otosan, General Electric Transportation Systems, General Motors, Hyundai, Jaguar, Jeep, Kia, Lancia, Land Rover, MAN, Navistar, Porsche, PSA Peugeot-Citroën, Renault, Rolls-Royce Power Engineering, Scania, Toyota, VM Motori, Volkswagen, Volvo and Waukesha Engine. The SinterCast share is quoted on the Small Cap segment of the NASDAQ OMX stock exchange (Stockholmsbörsen: SINT). For more information: www.sintercast.com
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Source: SinterCast via Thomson Reuters ONE