AVID Technology and GKN Hybrid Power strike a new deal to develop the EVO Motor for the hybrid and electric vehicle motor industry
Press release 28 March 2017 AVID Technology and GKN Hybrid Power strike a new deal to develop the EVO Motor for the hybrid and electric vehicle motor industry North East England-based automotive cleantech firm AVID Technology Limited has signed a deal with GKN Hybrid Power to develop and manufacture powerful and efficient electric motors for the automotive industry. As part of the license agreement, AVID will take over the development, manufacture and sale of EVO Motors. The new arrangement will also see AVID developing EVO technology to deliver new variants of the motor and additional applications. The EVO Motor's high power density, ability to run at speeds that remove the need for a gearbox and its flat configuration enables in-wheel designs and operation in confined spaces. Its axial flux technology was originally developed by a tech company spin-out from Imperial College London. The benefits for GKN and AVID's target market mean that vehicles can use lighter, smaller and higher powered components, resulting in increased fuel efficiency and lower emissions in comparison to conventional technology. Less space is occupied by the components which also creates more room for passengers. The contract will generate a new multi-million revenue stream for AVID Technology, an award-winning market leader in the design and manufacture of electrified ancillaries for the electric and hybrid vehicle market. The company was founded by engineer and entrepreneur Ryan Maughan, who is passionate about improving the efficiency and environmental impact of vehicles through systems electrification. "This is a fantastic opportunity for us to bring our expertise and strong technical capabilities to meet real market and environmental demands," said Ryan Maughan, AVID Technology MD. "We see huge potential utilising this technology in our key markets of heavy duty and high performance vehicles as well as some exciting new market applications we already have in development." AVID's core business is the electrification and intelligent control of engine ancillaries, thermal management systems and hybrid systems including pumps and fans that are used in many advanced electric, hybrid and low emission diesel vehicles. The company's expertise and pioneering technology is used by many manufacturers of heavy duty and high performance electric, hybrid and fuel cell vehicle powertrains for efficient thermal management, lubrication and ancillary drive systems. Gordon Day, General Manager for GKN Hybrid Power, said: "The EVO axial flux motor technology remains leading-edge with a growing target market. In AVID, a young and ambitious UK firm which is also focused on clean energy technology, we have a great partner to further develop the EVO Motor and bring the system into regular production to meet the increasing demand for environmentally friendly vehicles." ENDS Photograph caption: (L to R) Gordon Day, General Manager for GKN Hybrid Power with Ryan Maughan, AVID Technology MD. Issued on behalf of AVID Technology Ltd by Round Table Solutions. For further information, please contact Amy Maughan on 07980 703 566 or John McCabe on 01670 338 391 / 07527 150 824; email amy@roundts.co.uk<mailto:amy@roundts.co.uk> or john@roundts.co.uk<mailto:john@roundts.co.uk>. John McCabe, Managing Director Round Table Solutions Ltd Blyth Workspace, Commissioners Quay, Quay Road, Blyth, Northumberland, NE24 3AF Office: 01670 338 391 Mobile: 07527 150 824 Email: john@roundts.co.uk<mailto:john@roundts.co.uk> Web: www.roundts.co.uk<http://www.roundts.co.uk/> Twitter: @RTSJohn and @SolutionsRT LinkedIn: www.linkedin.com/company/round-table-solutions-ltd<http://www.linkedin.com/company/round-table-solutions-ltd> Round Table Solutions Limited registered in England & Wales with Company no: 8461108.
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