plus 1, TC Firm Claims Breakthrough In Metal Alloys - WWJ Newsradio 950 |
| TC Firm Claims Breakthrough In Metal Alloys - WWJ Newsradio 950 Posted: 26 Jan 2010 01:03 PM PST A Traverse City firm has produced a revolutionary breakthrough in metal alloys that could take hundreds of pounds of weight off automobiles -- and eventually other machinery. Century 3 + LLC, a subsidiary of manufacturer Century Inc., made brake drums that could cut 250 pounds off whatever vehicle they're used in. That's particularly critical for wheeled military vehicles such as the M-ATV, Stryker, and MRAP, which have been targeted in Iraq and Afghanistan with rocket propelled grenades and bigger roadside bombs. The U.S. Army Tank Automotive Research Development and Engineering Center has countered those threats with more armor and more weight. The result is a vehicle that is heavier than its original design, forcing the military to make tradeoffs between performance, payload and protection. "A manager has to choose between operating at slower speeds, or carrying less gear, technology, food or fuel," said Randal Gaereminck, associate director of the engineering business group at TARDEC. Century, a veteran-owned business, uses lightweight alloys of aluminum and magnesium to make its brake drums, which weigh 45 percent less than their cast iron equivalents. Specifically, Century said it uses "metal matrix composites" along wear surfaces, ceramic reinforcement that signifcantly improves wear resistance but which is only applied to the wear surface of the drum. That leaves the rest of the drum manufactured of low-cost, lightweight aluminum. Century has also made breakthroughs in the consistent manufacture of the ceramic portion of the drum. Army officials said weight reductions in the wheel is more significant than weight saved elsewhere, because the weight directly on the wheels isn't supported by springs in the vehicle's suspension. Other potential applications outside the wheels include engine parts and hatch covers. For a national story on the breakthrough, visit this link. For a northern Michigan business publication's view, visit this link. And an industry view from the Society of Automotive Engineers is at this link. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Samyang Optics Announces Partnership With US Electric Car Maker - MSN Money Posted: 27 Jan 2010 11:14 AM PST Samyang Optics Co. Ltd. (Kospi: 008080.KSE) announced today at a special press conference extravaganza event held at the Grand Hilton Convention Center in Seoul, Korea, that it has signed a distribution agreement with California electric transportation pioneer ZAP (OTCBB: ZAAP) for the exclusive rights to manufacture, assemble and market ZAP's complete line of electric trucks, vans, motorcycles, scooters and ATVs in Korea. This event was well attended by more than 500 people, with 150 people from the media, including media coverage by SBS, YTN, and MBN television stations in Korea. This partnership is part of Samyang's broader strategic plan to enhance its core business with a new thrust in cleantech, focusing on Korea's increasing market opportunities in electric vehicles. The agreement establishes Samyang as ZAP's exclusive distributor and assembly partner, leading to potential manufacturing for its electric vehicles in Korea. The distribution agreement commits Samyang to set up manufacturing facilities and distribution hubs in Korea with annual procurement quotas. The electric vehicle bodies will be produced by ZAP's recently announced manufacturing partner, Zhejiang Jonway Automobile Co. Ltd., and use the electric power train technology and engineering designed by ZAP and produced by ZAP Hangzhou, the joint venture between ZAP, Holley Group and Better World International. Samyang, known for its camera lens manufacturing business, held a press conference today to announce this new strategic core business strategy targeting global growth in clean technologies. Under the distribution agreement, Samyang has secured the exclusive Korean distribution, assembly and eventually manufacturing rights for ZAP's latest and upcoming electric vehicle models, including the ZAP Alias electric car and the recently announced A380 5-door electric SUV (sports utility vehicle), developed by ZAP and Jonway. Preproduction models of each were showcased in Korea for the announcement. Samyang will be taking delivery of ZAP's electric vehicles from ZAP Hangzhou until their facilities are equipped to begin assembly in Korea. Samyang's Co-CEO Christopher Kang, MD established the framework of this partnership with ZAP's President Gary Dodd at the North American International Auto Show held recently in Detroit. Dr. Kang says, "Samyang decided to partner with ZAP because of its extensive industry knowledge in electric vehicle production and the breadth and maturity of its current line of electric vehicles." According to Mr. Dodd, the expansion of ZAP's market through this partnership with Samyang in Korea further solidifies its strategic goals of supplying electric vehicles to global markets. The Ministry of Knowledge Economy for Korea has announced plans to commercialize electric vehicles with an investment of 400bn won (US$342.6m) by 2014 on research and development for high-performance batteries and other related electric vehicle subsystems. The Ministry of Knowledge Economy has announced a goal of capturing 10 percent of the global market for zero-emission plug-in cars by 2015 with the target of having all-electric vehicles comprise 10 percent of domestic sales of small-size cars by 2020. This partnership is focused on addressing this opportunity. Attending the press conference today were Samyang Co-CEOs and Directors Christopher Kang, MD and Sang-Yoon Rhee, along with ZAP Chairwoman Dr. Priscilla Lu, ZAP CEO Steve Schneider, ZAP President Gary Dodd, ZAP Hangzhou CEO Raymond Yang, Jonway CEO Alex Wang, Junfeng Feng, VP of International Investments for the Yuhang District of China, home to ZAP Hangzhou, and other officials. Samyang Optics Co., Ltd. Samyang, located in Masan, Korea, is a developer of optical lenses and a range of applications for closed circuit television systems used extensively in highly important security settings such as casinos and banks, as well as government and commercial buildings. Founded in 1972, Samyang's securities are publicly traded on the Korean stock exchange. Samyang is an exclusive supplier for "Made in Korea" lenses to Sears and has made lenses for Nikon, Canon, Minolta and Yashica. In 2004 Samyang merged with Japanese optical device maker Seikou. About ZAP ZAP is one of the world's oldest electric vehicle providers, having delivered over 117,000 of a broad range of vehicles to more than 75 countries since 1994. ZAP supplies electric trucks and vans to military, government and corporate fleets and is an innovator of electric motorcycles, scooters and ATVs. The Santa Rosa, California based company offers some of the only electric city-speed cars and trucks in production today and is leveraging its accrued technology know-how in developing a cost effective high-speed electric car called the ZAP Alias. For further information visit http://www.zapworld.com. About Holley Group Holley Group is the parent of Holley Metering Limited, a global leader in electric metering with diversified businesses spanning pharmaceuticals, real estate, telecommunications and IT. Holley employs more than 12,000 people and over 800 R&D personnel worldwide. Headquartered in Hangzhou, Holley operates manufacturing in China, Thailand, Argentina and Uzbekistan. Holley products are sold through offices in major cities throughout China, India as well as South East Asia and the European markets. For more information, visit http://www.holleymeter.com/en. Safe Harbor Statement This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of ZAP's products, increased levels of competition, new products and technological changes, ZAP's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the ZAP's periodic reports filed with the Securities and Exchange Commission.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1162864 Contacts: Samyang Mr. Dong Hoon, Kim +82-2-6005-8719 kdh5240@syopt.co.kr ZAP Alex Campbell +1-707-525-8658 x 241 acampbell@zapworld.com © MarketWire2010 Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
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