Manufacturing Partner
RNS Number:0404R
Antonov PLC
08 September 2005
Antonov plc announces the selection of Neue ZWL as manufacturing partner for its
innovative supercharger drive technology
Antonov plc, the automotive technology company, is pleased to announce the
selection of Neue ZWL Zahnradwerk as its production supply partner to
manufacture the Antonov Mechanical Module supercharger drive. This follows the
announcement in May of the launch of the product into the buoyant US tuner
market prior to Antonov's ultimate objective of introducing it into the
mainstream automotive market. Pilot production work is underway to enable final
sign-off of the product and deliveries to US distributors will start in October.
Neue ZWL, located near Leipzig, has a history of 100 years in the manufacture of
transmissions and gearbox components. Clients include world leading Tier 1
transmission producers in addition to a range of other automotive and other
industry clients. The company is already a licensee of Antonov technology and
demonstrated its commitment to this project against keen competition from a
range of potential suppliers.
The supercharger drive is based on Antonov's patented technology. The miniature
transmission is a small stand-alone self-controlling multi-speed drive unit,
which can be configured in 2, 3 or 4 speed modules and applied to a wide range
of power transmission applications.
The unit enables the supercharger to be better matched to the engine. By driving
the supercharger faster at low engine speeds, higher boost ratio can be obtained
to provide additional low speed engine torque. As engine speed rises the unit
automatically changes up to enable the supercharger to continue to operate
effectively at higher engine speeds.
This is the first application of Antonov technology to enter production and will
be marketed in conjunction with Rotrex superchargers through a number of
specialist distributors in the US and Europe. Sales are expected to be in the
region of 4,000 units in the first year and production can be extended as demand
grows.
Antonov will manage the manufacture and supply of the initial series production
(up to annual volumes of around 10,000 units) but expects to licence the
technology to high volume clients either directly or through their Tier 1
suppliers.
John Moore, CEO Antonov plc, commented:
"The selection of Neue ZWL gives us a world class supplier who are already well
established as a top quality automotive supplier. Their commitment to the
product is an endorsement of the potential of the Antonov Mechanical Module in
the automotive market.
"Our strategy will enable the system to be released into the mainstream
automotive marketplace as a proven technology and underpins our ongoing
discussions with OEM vehicle manufacturers interested in high volume
applications."
Dr Hubertus Bartsch, Managing Director of Neue ZWL, commented:
"We are delighted to be selected as the production partner for this innovative
product and we look forward to a long and successful relationship with Antonov."
Antonov will be at the Frankfurt Show in Hall 6, stand B03 and will have this
and other technologies on display.
For further information:
John Moore (CEO) Tel: 00 44 (0)1223 421 740
Antonov plc
Richard Evans Tel: 00 44 (0)161 214 5547
Brewin Dolphin Securities Ltd
Shane Dolan, Biddicks (financial media) Tel: 00 44 (0)20 7448 1000
Rob Palmer, Palmer PR (automotive media) Tel: 00 44 (0)1582 763 255
This information is provided by RNS
The company news service from the London Stock Exchange
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