Magnomatics secures funding to advance EV power train technology
06 December 2011
Magnetic transmission specialist, Magnomatics has secured contracts to work on projects with Ford and Caterpillar. The grant funding for the two projects, which is in excess of £500,000, will advance Magnomatics’ novel magnetic power-split technology for hybrid electric vehicles. The project with Ford has the support of the Technology Strategy Board Low Carbon Vehicles Innovation Platform, and will develop the technology for use in hybrid passenger vehicles.
The work with Caterpillar is also assisted through the Technology Strategy Board in its recent investment to support innovation and growth for businesses looking to keep the UK at the forefront of high value manufacturing. A particular emphasis has been placed on the development of ‘enabling technologies’, which can lead to the creation of other products or processes able to support future development.
Magnomatics will collaborate with Caterpillar Engines, and Sheffield based magnetic material and magnet assembly supplier Arnold Magnet Technologies, to scale-up the magnetic power-split technology for larger Hybrid vehicles.
Chris Kirby (pictured), managing director at Magnomatics, commented: “We are experiencing sustained rising demand for our products, as industries across the world seek to introduce new technologies to enhance their own solutions and to meet growing worldwide expectations for more efficient and sustainable products.”
Contact Details and Archive...