Honeywell Expands Product Line With New Turbopac Supercharger
February 15, 2000
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TORRANCE, Calif.--(BUSINESS WIRE)--Feb. 14, 2000 via NewsEdge Corporation -
Honeywell (NYSE:HON) said today that its Turbocharging Systems business
enterprise will be offering the first electrical supercharger.
The new Garrett(R) supercharger will carry the Turbopac(TM) trade name.
"Turbopac(TM) will enable us to continue providing our customers with the
latest boosting technologies available," said Rob Gillette, vice president
and general manager, Strategic Growth for Honeywell Turbocharging Systems.
"This new product gives our customers another option to maximum engine
performance, which includes faster acceleration, savings at the fuel pump
and a reduction of emissions."
The Turbopac(TM) supercharger is a motor-driven device that enables
immediate engine boost in response to the driver pressing the accelerator.
The Turbopac(TM) is installed between the air intake system and the
turbocharger in vehicles with existing turbochargers.
Turbocharging Systems and Turbodyne Technologies Inc. (EASDAQ:TRBD) have
entered into an agreement pertaining to the joint development for mass
production of the Garrett(R) Dynacharger(TM) and Turbopac(TM) products and
an intellectual property and product rights agreement for assignment by
Turbodyne for the patent and trademark portfolio related to these products.
Under the expanded agreement, Honeywell Turbocharging Systems has the
exclusive licensing rights for the manufacturing and marketing of the
Dynacharger(TM) and Turbopac(TM) products on a worldwide basis. Turbodyne
holds exclusive worldwide rights to manufacture and supply electric motors
and generators, electronic controls and light metal components for both of
these product lines.
"These expanded agreements provide the gateway for further development and
mass production of the innovative technologies Turbodyne can offer with
partners such as Honeywell," said Gerhard E. Delf, Turbodyne's president and
chief executive officer.
The new electrically assisted Garrett(R) Dynacharger(TM) turbocharger
received international recognition when it was awarded the International
Grand Prix for Technical Innovation Jury's Special Prize at the Equip' Auto
Show in Paris. Prototype testing is currently underway with major automotive
manufacturers.
With more than $1 billion in sales and 5,000 employees, Honeywell
Turbocharging Systems is a global manufacturer of Garrett(R) turbochargers
and superchargers for diesel and gasoline-driven passenger cars, commercial
vehicles and heavy-duty trucks. The company's worldwide headquarters is
based in Torrance, and its European headquarters is based in
Levallois-Perret, France. Turbocharging Systems operates 15 manufacturing
facilities and technology centers in 12 nations throughout the Americas,
Europe and Asia.
Honeywell International is a US$24-billion diversified technology and
manufacturing leader serving customers worldwide with aerospace products and
services; control technologies for buildings, homes and industry; automotive
products; power generation systems; specialty chemicals; fibers, plastics;
and electronic and advanced materials. Honeywell International employs
approximately 120,000 people in 95 counties.
Honeywell is traded on the New York Stock Exchange under the ticker symbol
HON, as well as on the London, Chicago and Pacific stock exchanges. It is
one of the 30 stocks that make up the Dow Jones Industrial Average and is
also a component of the Standard & Poor's 500 Index. Additional information
on the company is available on the Internet at http://www.honeywell.com.
Turbodyne Technologies Inc., a California based high-technology company,
specializes in the development of performance enhancement, fuel economy and
pollution control products for internal combustion engines. Turbodyne has
headquarters in Carpinteria, Calif., and the European business location is
Frankfurt, Germany. Additional information on the company is available on
the Internet at http://www.turbodyne.com.
This release contains forward-looking statements as defined in Section 21E
of the Securities Exchange Act of 1934, including statements about future
business operations, financial performance and market conditions. Such
forward-looking statements involve risks and uncertainties inherent in
business forecasts.
I think the advantage here is acceleration. Not of much use in an aircraft.
Paul Lamar
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