Dana Corporation, Permo-Drive Technologies Ltd. Sign Agreement For Fuel-Saving Hybrid Vehicle System
02 Dezember 2003 - 7:21PM
PR Newswire (US)
Dana Corporation, Permo-Drive Technologies Ltd. Sign Agreement For
Fuel-Saving Hybrid Vehicle System TOLEDO, Ohio, Dec. 2
/PRNewswire-FirstCall/ -- Dana Corporation and Permo-Drive
Technologies Ltd. announced today that they have signed an
exclusive licensing agreement for the design, development, and
supply of the Permo-Drive Regenerative Drive System (RDS) for use
in the U.S. Army's Family of Medium Tactical Vehicles (FMTVs). The
Army has indicated its intent to introduce a hybrid drive system
into its FMTVs -- possibly as soon as 2006. (Logo:
http://www.newscom.com/cgi-bin/prnh/19990903/DANA ) Under terms of
the agreement, Dana will be the production development source and
the sole supplier of the RDS technology for this family of
vehicles. "We are pleased to be working with Permo-Drive, the
National Automotive Center, and the U.S. Army to commercialize this
exciting new technology and to quickly bring it into high-volume
production," said Mike Laisure, president of Dana's Engine and
Fluid Management Group. "We are looking forward to extending the
contract and introducing this technology into other markets, both
military and commercial." Permo-Drive's RDS system is an innovative
hydraulic regenerative braking and propulsion system suitable for
most medium and heavy-duty vehicles. When a vehicle accelerates,
considerable energy is required. With a conventional system, that
energy is lost when the vehicle brakes to a slower speed. Utilizing
the RDS, the energy normally lost during braking can be stored as
hydraulic oil under pressure. This pressure can be selectively
released as an acceleration boost to bring the vehicle back to the
desired speed. RDS benefits include increases of up to 30 percent
in fuel economy, substantially improved brake life, an improvement
in acceleration, and reduced emissions. The technology also has the
potential to provide an increase in load-carrying capacity for the
FMTV through its improved braking and propulsion performance. "Our
RDS technology provides an excellent return on investment for
military and commercial users alike, as it is a much more
cost-effective solution than other hybrid technologies," said
Willem de Vylder, CEO of Permo-Drive Technologies Ltd. "Perhaps the
most compelling aspect of our technology is that it can be employed
in fleets of existing vehicles, as the Permo-Drive system can
easily be retrofitted." Currently, Dana plans to supply the RDS to
Stewart & Stevenson, which manufactures a wide range of
military and public transportation equipment. Stewart &
Stevenson was awarded the contract to produce the FMTV for the Army
from the Tank-Automotive and Armaments Command (TACOM). Initially,
the RDS will be limited to new vehicle production and will later
expand to retrofit the existing fleet of FMTVs. Permo-Drive began
work with the military after signing a cooperative research and
development agreement with the U.S. Army's National Automotive
Center (NAC) in Warren, Mich. Under this agreement, Permo-Drive
developed and tested its hybrid-hydraulic RDS system in the FMTV.
Permo-Drive Technologies Ltd., based in Ballina, New South Wales,
Australia, with North American operations in Ann Arbor, Mich., is
focused on the development of regenerative energy-management
systems for the automotive industry. More information about the
company is available on the internet at http://www.permo-drive.com/
Dana Corporation is a global leader in the design, engineering and
manufacture of value-added products and systems for automotive,
commercial and off-highway vehicle manufacturers and their related
after-markets. The company employs approximately 60,000 people
worldwide. Founded in 1904 and based in Toledo, Ohio, Dana operates
hundreds of technology, manufacturing and customer service
facilities in 30 countries. The company reported sales of $9.5
billion in 2002. Dana's Internet address is http://www.dana.com/ .
http://www.newscom.com/cgi-bin/prnh/19990903/DANA
http://photoarchive.ap.org/ DATASOURCE: Dana Corporation CONTACT:
Jeff Cole of Dana Corporation, +1-419-535-4704, or Web site:
http://www.dana.com/ http://www.permo-drive.com/ Company News
On-Call: http://www.prnewswire.com/comp/226839.html
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