Ultracapacitors' Burst Power Capabilities Improve Starting Performance, Extend Battery Life
ROSSENS, Switzerland, Alcoa AFL Automotive and Maxwell Technologies announced today that they have signed a memorandum of understanding to collaborate on the development of a cold start system for the commercial transportation market. The companies will incorporate Maxwell's BOOSTCAP ultracapacitors with AFL's power management system to develop an efficient engine starting system.
"This phase will focus on the meshing of Alcoa's and Maxwell's technologies to produce the cold start system, with a goal of producing a system ready for testing and evaluation by truck OEMs by the end of the first quarter 2007," said Allen Zwierzchowski, president, Worldwide Components AFL Automotive.
"AFL and Maxwell have been interacting technically for some time, and we have identified cold starting for commercial trucks as a significant market opportunity that the companies have agreed to address through a formal collaboration," said. Dr Richard Balanson, Maxwell's president and chief executive officer.
"AFL is a highly respected Tier 1 supplier to the automotive and commercial vehicle industries. Their electronic systems design expertise, manufacturing resources and strong worldwide contacts with auto and truck OEMs complement Maxwell's capabilities as a leading provider of energy storage and power delivery solutions," Balanson continued.
- Helps save fuel and emissions; reduces costs to fleet owners -
Increasing environmental regulations preclude the ability of operators to allow their trucks to run all night. More than 20 [US] states have enacted or are proposing regulations that prohibit running diesel truck engines overnight to power so-called "hotel loads" - heating, cooling, entertainment and other driver comfort feature. Running those loads on battery power all
night can leave the batteries with insufficient power to start the vehicle in the morning, especially in cold weather. "With the AFL-Maxwell cold starting system, the ultracapacitor pack would provide what amounts to an on-board jump-start capability," Zwierzchowski explained.
"In addition, fleet owners incur significant costs due to vehicle downtime and jump-starting stranded trucks. Incorporating ultracapacitors to relieve batteries of demanding short-duration, high-current loads, such as cold starting, will improve overall system performance and reliability, extend battery life, and reduce battery maintenance and replacement costs,"
About AFL Automotive
AFL Automotive, an Alcoa business, is a world leader in the design, development and production of high quality electrical and electronic distribution systems for personal and commercial vehicles, working with vehicle manufacturers and their sub-suppliers in the major automotive centres in China, Japan, Asia, Europe and the United States. AFL Automotive has more than 60 locations in 11 countries and 35,000 associates around the world focused on its customers. To learn more about AFL Automotive visit http://www.alcoa.com
About Maxwell Technologies
Maxwell is a leading developer and manufacturer of innovative,cost-effective energy storage and power delivery solutions. Our BOOSTCAP ultracapacitor cells and multi-cell modules and POWERCACHE(R) backup power systems provide safe and reliable power solutions for applications in consumer and industrial electronics, transportation and telecommunications. Our CONDIS high-voltage grading and coupling capacitors help to ensure the safety and reliability of electric utility infrastructure and other applications involving transport, distribution and measurement of high-voltage electrical energy. Our radiation-mitigated microelectronic products include power modules, memory modules and single board computers that incorporate powerful commercial silicon for superior performance and high reliability in aerospace applications. For more information, please
visit our website: http://www.maxwell.com
Alcoa (NYSE:AA) is the world's leading producer and manager of primary aluminium, fabricated aluminium and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other
capabilities of Alcoa's businesses to customers. In addition to aluminium products and components, Alcoa also markets consumer brands including Reynolds Wrap foils and plastic wraps, Alcoa wheels, and Baco household wraps. Among its other businesses are closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 129,000 employees in 44 countries and has been named one of the top most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland. More information can be found at http://www.alcoa.com
Media: Nick Daines +44 (0)115 8412109, email: email@example.com
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Note to editors
Link for BOOSTCAP product images: http://editor.maxwell.com/
Newbury, UK - Employees at Azzurri Communications one of the largest converged voice and data managed service companies in the UK are today celebrating the news that all 800 staff members are to share a windfall of £3.5 million following the recent sale of the business to PPM Capital.
PPM Capital, Prudential's private equity arm, bought Azzurri in June 2006 for £182.5m. Prior to the sale, all employees were given a number of shares based on length of service and individual performance and these shares have determined how much individuals received from the windfall. Employees received cheques ranging from £300 to £20,000. Azzurri's chief operating officer, Steve Dolton and CEO, Martin St Quinton have visited the company's nine offices throughout the UK to personally hand out cheques to employees.
CEO, Martin St Quinton comments: "This is a great way to say thank you to all of our staff for their hard work since Azzurri was founded in 2000. We truly believe that everyone in the company deserves a share of the windfall following the sale, not just the senior management team."
He continues: "We've started a new Employee Share Trust scheme, and have allocated shares to all employees so that they will receive another pay out if Azzurri is sold again in the future."
Headquartered in Newbury, Berkshire, Azzurri was formed in 2000 when venture capitalist 3i Group invested in the business to secure a majority stake. The business has an annual turnover of over £100 million and provides a range of communications solutions. It also provides consultative advice including communications audits for major corporations and telecoms management services.
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About Azzurri Communications
Formed in June 2000, Azzurri Communications is one of the largest converged voice, data, and managed service companies in the UK. Annualised turn over is in excess of £100 million. There are circa 800 employees nationwide. Headquartered in Newbury, Azzurri currently has sales and support operations in Fareham, High Wycombe, Kingston, Birmingham, Burnley, Hull, Leeds and East Kilbride.
Partnering with leading manufacturers and networks, Azzurri provides solutions that include voice and data, networking, digital print and mobile. Azzurri also provides consultancy such as in-depth communications audits for large corporations and comprehensive telecoms management services. For further information, visit http://www.azzurricommunications.com
Redstone Managed Solutions acquires leading network security provider, Tolerant Systems
Addition of UK network security solutions provider significantly bolsters business capabilities
Infrastructure and IT services provider, Redstone Managed Solutions, an operating division of Redstone plc, today announced that it has acquired Tolerant Systems, one of the UK's leading providers of network security. Based in Stoke-on-Trent, Tolerant Systems has an annual turnover of £5.8m and employs 37 staff. The move sees Redstone Managed Solutions further enhancing its product and solutions portfolio.
Tolerant Systems is a network management analysis monitoring and security company. The Tolerant Systems brand will continue to exist in the short term and this acquisition will give Microsoft Gold Certified partner, Redstone Managed Solutions exclusive rights to sell Computer Associates anti-virus and anti-spyware products to large organisations.
Tolerant Systems will continue to run the business from its current location and the company's employees will remain with the business. Nick Tunstall, current managing director of Tolerant will remain with the organisation for up to nine months to help ensure the smooth transition between companies.
Tariq Saied, managing director, Redstone Managed Solutions comments: "The Tolerant Systems acquisition further demonstrates our commitment to growth. The company is an excellent fit and will add tremendous value to the Redstone Managed Solutions offering and brand. Tolerant Systems' excellence in the provision of network security was an extremely attractive proposition and to have this level of expertise in house will be a huge benefit to our organisation and customers."
"We are really excited to be joining such a fast growing and successful company. A major attraction for us was the support and expertise that will now be available within Redstone Plc and we know that both our staff and clients will truly benefit from this. We are looking forward to the future and know the move will allow us to flourish in such a competitive market," says Nick Tunstall, managing director of Tolerant.
Commenting on the acquisition, Martin Balaam, CEO, Redstone Plc says: "This is an excellent move for Redstone Managed Solutions, not only does it add necessary scale to the business, but Tolerant also brings additional skills to the division. There is a major upside from cross selling the network security products across the whole Redstone customer base and the Computer Associates exclusivity ensures that we can protect our market share."
Notes to Editor: Supporting images & one to one interviews available
Redstone Managed Solutions provides a comprehensive portfolio of infrastructure and Internet services. Solutions and services include: IT solutions, managed services and outsourcing, Internet solutions, application and systems development, managed hosting and business continuity solutions, network and infrastructure management and IT and network consultancy. http://www.redstonemanaged.co.uk