BUSES 'TECHNOLOGIES * Worldwide
* UK - Torotrak acquires twenty percent of Flybrid
UK -Busworld -3 April 2013: -- UK-based toroidal drive company Torotrak has acquired a 20% stake in flywheel hybrid innovator Flybrid Automotive with an option to acquire the remaining shares before the end of the calendar year... Torotrak says that the transaction strengthens its ability to provide turnkey development and manufacture of complete flywheel hybrid systems for buses, trucks, passenger cars, commercial and off-highway vehicles... The company expects the deal will accelerate the adoption of its technology, which it says will be in fleet trials with bus operators later this year through an agreement with bus constructor Wrightbus... Flybrid Automotive already has a successful long-term relationship with Torotrak, which uses Flybrid’s flywheel module in its Mechanical Kinetic Energy Recovery System (M-KERS). M-KERS captures and stores energy that is otherwise lost during vehicle deceleration events... M-KERS can recover up to 70% of braking energy for around a third the cost of battery electric hybrids, the company says... Flybrid’s carbon fibre flywheel spins at up to 60,000 rpm in a near vacuum. Drive can be provided by the company’s CFT (clutched flywheel transmission) clutch-based transmission system or by Torotrak’s CVT (continuously variable transmission)...
* USA - Allison invest in Torotrak Technology
USA -Busworld -4 April 2013: -- Torotrak concluded negotiations, under a Licence and Exclusivity Agreement dated March 2009, with its licensee Allison Transmission, Inc., under which Allison will pay £6.0 million (US$9 million) for continued exclusivity to manufacture and sell Torotrak main drive transmissions in commercial vehicle market segments; this exclusivity excludes Torotrak’s other commercial vehicle licensees, Tata Motors and the European Truck and Bus manufacturer (ETBM)... Allison has also subscribed for an additional 8,248,434 new ordinary shares in Torotrak at a price of 30.255p per share, raising approximately £2.5 million (US$3.8 million)... The next step in Allison’s programme is to focus on a final design to optimize performance, size and weight. Torotrak is taking responsibility for core component testing and to establish a fully conformed supply into the Allison program, helping to reduce lead times. Torotrak will also assist Allison with product design and validation process support in Europe...
Labels: technonews
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