OSLO, NORWAY: Kongsberg Automotive’s Fluid Transfer Systems (FTS) enterprise unit has secured a contract worth EUR fifty eight million in estimated lifetime income and common annual income of EUR 14.5 million.
The four-year contract covers Kongsberg Automotive’s Fluoro-Comp hose, and stainless-steel braided PTFE brake lines for a global automotive Tier 1 provider based in North America.
The Fluoro-Comp hose is a non-metallic reinforced PTFE hose used for applications, which require low weight and tight packaging. It can withstand excessive temperature capabilities and burn-through resistance and gives customers the efficiency and properties of a PTFE hose, whereas nonetheless sustaining the forming and routing ease of a nylon or rubber hose.
Kongsberg Automotive’s FTS enterprise unit manufactures its hydraulic brake hose with a PTFE liner and stainless-steel braid. The product meets the worldwide requirements and the requirement of a number of vehicle producers and gives the best brake feeling you can experience.
The Fluoro-Comp and the hydraulic brake hose are for the internal combustion engine (ICE), and electrical vehicles (PHEVand BEV).
Kongsberg Automotives’ two facilities in Suffield Connecticut and Grand River Ohio, USA will produce and provide the products.
“We are delighted to safe this settlement with a key partner on this important market area. These world-leading security critical merchandise proceed to drive our growth,” says David Redfearn, Executive Vice President, FTS, adding, “I give thanks to our North American team for all their hard work and dedication.”
Kongsberg Automotive provides cutting-edge technology to the worldwide vehicle industry.
www.kongsbergautomotive.com