Concentric

Regulatory Filings • Nov 29, 2019

Concentric receives new order for electric water pumps fromglobal OEM

Concentric AB has been awarded a contract to supply electrically driven and controlled coolant pumps to a global OEM of trucks and buses. The pump will be used for thermal management of the batteries and power electronics on their new range of mid-size electric trucks.

This new pump utilises a larger motor than Concentric's other e -pumps and with a nominal power output of 600W it can deliver a higher flowrate and pressure. Production will start in 2021 and the contract runs until 2025 with total sales estimated to amount to SEK 150 million.

In order to strengthen the customer proposition, this new Concentric e-pump has a higher power density and superior durability compared to pumps on existing platforms.

The development of this pump has focused on power output and reliability to ensure the e-pump meets the exacting performance and installation requirements. Intelligent software also allows for continuous performance feedback, thereby optimising motor cooling and the pump's reliability on a continuous basis.

David Woolley, CEOof Concentric AB, commented: "Concentric brings absolute reliability and superior energy efficiency to the e-Vehicle market. Importantly this low energy demand on the batteries contributes to increasing vehicle range".

For additional information please contact David Woolley, telephone +44-121-445 6545

Concentric AB is an innovator in flowcontrol and fluid power, supplying proprietary systems and components to the world's truck, agricultural machinery, construction equipment and industrial applications end-markets. The company has a global manufacturing presence including in the UK, USA, Germany, Sweden, India, China and Argentina. Concentric's focus is to develop world class technology with innovative solutions that meet the sustainability needs of our customers. Concentric offers engine products including lubricant, coolant and fuel pumps, hydraulic products encompassing gear pumps and power packs, and finally several key technologies for the fast growing market for electrical and hybrid powertrains. The Group has a turnover of circa MSEK 2,400 and circa 1,000 employees.