AHC acquires worldwide rights to revolutionary computer-controlled suspension technology.SAN DIEGO--(BUSINESS WIRE)--Feb. 26, 1997--AimRite Holdings Corp. (NASDAQ/BB:AIMH AIMH Amelia Island Museum of History (Florida, USA) ) Wednesday announced that it has completed the $2.5 million acquisition of the master license for the production and distribution of the revolutionary Computer Optimized Adaptive Suspension Technology (COAST). According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. AHC's president, Dr. Kenneth P. Coleman, the patented technology will radically reshape the automotive suspension industry. "The technologically advanced COAST suspension control system optimally adjusts up to nine dynamic suspension parameters over 200 times per second. "This dramatically improves vehicle stability and ride comfort for virtually all automotive applications, including passenger cars, sport utility vehicles This page lists sports utility vehicles currently in production (as of April 2007), as well as past models. The list includes crossover SUVs, Mini SUVs, Compact SUVs and other similar vehicles. , light duty pickup trucks and vans, RVs and heavy-duty trucks and buses." According to company estimates, the initial production after-market applications for COAST in the sport utility vehicle industry alone comprise a potential of an estimated 3.5 million vehicles, including the Chevrolet/GMC Suburban, Tahoe & Yukon, as well as Ford Expedition The Ford Expedition is a full-size SUV built by the Ford Motor Company. Introduced in 1997 it slots between the smaller Ford Explorer, and the now discontinued and larger Ford Excursion. The Expedition offers up to eight passenger seating and a range of V8 engines. & Explorer, etc. AHC's computer technology division will utilize the patented COAST software algorithms to develop a line of computer controllers for use in many applications, starting with products to be applied to the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. for controlling the COAST suspension system Noun 1. suspension system - a mechanical system of springs or shock absorbers connecting the wheels and axles to the chassis of a wheeled vehicle suspension . The initial target market segment will be Sport Utility Vehicles (SUV); with RV, heavy duty truck and bus applications to follow. Production and sales are scheduled to commence later this year. AHC's automotive systems See ITS, embedded system, drive-by-wire, adaptive cruise control, collision avoidance system, autonomous vehicle, heads-up display, DSRC, lane departure system, CAN bus, FlexRay and SYNC. division will utilize the patented COAST electronically controlled hydraulic components and systems in automotive, transportation, industrial and commercial applications. The initial product, also entering production and sales this year, will consist of patented COAST suspension units incorporating a computer controller to be supplied by AHC's computer technology division. CONTACT: AimRite Holdings Corp., Solana Beach, Calif. Ken Coleman, 619/259-7400 619/259-7308 (fax) |
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