Williams Controls Announces License Agreement With Moving Magnet Technology SA for Non-Contacting Sensors

PORTLAND, Ore., March 23 -- Williams Controls, Inc. today announced that it has signed an agreement with Moving Magnet Technologies SA (MMT) to license their non-contacting Hall effect sensor technology. Williams intends to use this technology to internally produce non-contacting sensors for use in its electronic throttle controls.

MMT based in Besancon, France has been awarded a number of patents for non-contacting Hall effect technology sensors. These patents have been the basis for many commercially successful non-contacting sensors produced in very high volumes for some of the most demanding customers worldwide, primarily in automotive applications.

The acquired MMT technology will enable Williams to increase its vertical integration of its Electronic Throttle Control Systems product lines, broadening the Company's ability to meet future requirements for increased durability and longevity demanded by Heavy Truck and Off Road vehicle applications.

Patrick Cavanagh, President and Chief Executive Officer, stated, "Manufacturing sensors that will meet the future requirements of our market for performance and cost is a key strategic initiative at Williams." He continued, "We believe this license will provide us with additional capability to meet our customers' rigorous future requirements."

ABOUT WILLIAMS CONTROLS

Williams Controls is a leading designer and manufacturer of Electronic Throttle Control Systems for the Heavy Truck and Off Road markets. For more information, you can find Williams Controls on the Internet at www.wmco.com.

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