Just for interest's sake, because Garrett is also a leading manufacturer of Charge Air Coolers. hhhhmmmm...
<<To: +Bear Down (3136 )
From: +Stephan Hild
Wednesday, May 12 1999 9:23AM ET
Reply # of 3141
AlliedSignal and Turbodyne to Jointly Develop Mass Production
Capabilities for Dynacharger Turbochargers
AlliedSignal Receives Exclusive Manufacturing and Marketing Rights
TORRANCE, Calif.--(BUSINESS WIRE)--May 12, 1999--AlliedSignal
Turbocharging Systems and Turbodyne Technologies Inc., Woodland Hills, Calif.,
Wednesday said that they will jointly develop and engineer electrically assisted
turbochargers under the brand name Dynacharger(tm).
The two companies entered into licensing and development agreements that give
AlliedSignal exclusive licensing rights for the manufacturing and
marketing of any turbocharger products to be developed on a worldwide basis as a
result of the joint activities. The turbocharger products are expected to
be sold primarily to automobile, heavy-duty vehicle and engine manufacturers.
AlliedSignal will be supplied light metal castings, electric motors, generators and
electronic controls by Turbodyne under sub-licensing for the products
jointly developed and manufactured under the terms of these agreements.
The two companies have jointly cooperated in supplying AlliedSignal turbochargers
equipped with specially modified Turbodyne electric motors and
electronic control technology to potential customers for test and evaluation.
AlliedSignal Turbocharging Systems, a business unit of AlliedSignal Inc. (NYSE:ALD -
news), is the world's largest manufacturer of Garrett(r)
turbochargers, superchargers and charge-air coolers for diesel and gasoline-driven
passenger cars, commercial vehicles and heavy-duty trucks.
AlliedSignal Inc. is an advanced technology and manufacturing company serving
customers worldwide with aerospace and automotive products,
chemicals, fibers, plastics and advanced materials. It is one of the 30 stocks that make
up the Dow Jones Industrial Average and is also a component of
the Standard & Poor's 500 Index. The company employs 70,400 people in some 40
countries.
AlliedSignal was named the best diversified company by Forbes Global magazine; the
most admired aerospace company by Fortune magazine, both
globally and in the United States; and one of the 100 best companies to work for by
Fortune.
Additional information on the company is available on the World Wide Web at
alliedsignal.com.
This release contains forward-looking statements as defined in Section 21E of the
Securities Exchange Act of 1934, including statements about future
business operations, financial performance and market conditions. Such
forward-looking statements involve risks and uncertainties inherent in business
forecasts.
Contact:
AlliedSignal, Torrance>>
So, what do the TCT lurkers think??? Is there any co-relation? |
