Tech/Ops Sevcon, Inc. Receives U.K. Government Research and Development Grant
25 Octubre 2010 - 3:57PM
Business Wire
Tech/Ops Sevcon, Inc. (NASDAQ symbol TO) today announced that it
has received a second research and development grant from One North
East, the Regional Development Agency responsible for the support
of business in the North East of England. The grant of £250,000
($400,000) was awarded to assist the Company in the acceleration of
the availability of its new EVO5 product. EVO5 is a novel,
integrated motor and controller package aimed at on road electric
vehicle drive train applications. The combination of motor and
controller, its compact nature and variants thereof will allow it
to be used in a wide range of vehicles, including parallel and
serial hybrids as well as direct drive full EV vehicles. The grant
is payable quarterly in arrears and will defray part of the
engineering cost associated with the acceleration of the product’s
development up to March 31, 2011.
Tech/Ops Sevcon, Inc. is a world leader in the design,
manufacture and marketing of microprocessor based controls for zero
emission electric vehicles. The controls are used to vary the speed
and movement of vehicles, to integrate specialized functions, and
to optimize the energy consumption of the vehicles’ power source.
Sevcon supplies customers throughout the world from its operations
in the United Kingdom, the USA, France, and the Far East, and
through an international dealer network. The Company's customers
are manufacturers of on and off road vehicles including cars,
trucks, buses, motorcycles, fork lift trucks, aerial lifts, mining
vehicles, airport tractors, sweepers, and other electrically
powered vehicles.
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