AlliedSignal to Test New Garrett Turbocharger With Major U.S. and European Auto Manufacturers.TORRANCE, Calif.--(BUSINESS WIRE)--Aug. 26, 1999-- AlliedSignal Inc. (NYSE NYSE See: New York Stock Exchange :ALD ALD abbr. adrenoleukodystrophy ALD, n.pr See adrenoleukodystrophy. ALD aldolase. ) Thursday said that its Turbocharging Systems unit will begin testing its new electrically assisted turbocharger tur·bo·charg·er n. See turbosupercharger. tur  bo·charged adj. with major U.S. and European automotive manufacturers by
the end of the year.
The new Garrett(R) turbocharger will carry the Dynacharger(TM) trade name. "We are on schedule with the Garrett(R) Dynacharger(TM) prototype's design and testing programs," said Keith Pigues, vice president of global marketing for Garrett(R). "As the first of its kind, the Garrett(R) Dynacharger(TM) is an exciting addition to our current turbocharger line, and it is applicable for both gasoline and diesel vehicles." Pigues said current data show one of the main advantages of electrically assisted turbocharging technology is its ability to eliminate "turbolag," the typical "lag time" between the moment a driver accelerates and the time an engine receives "boost" from the turbocharger. In addition, the electrically assisted turbocharger produces electricity that could be used to replenish a vehicle's battery, among other duties. AlliedSignal and Turbodyne Technologies Inc. (EASDAQ See European Association of Securities Dealers Automated Quotation. :TRBD) have been jointly developing the Garrett(R) Dynacharger(TM) under an exclusive licensing and development agreement. As part of the agreement, Turbodyne is supplying light-metal castings, electric motors, generators and electronic controls. AlliedSignal holds exclusive rights for the manufacturing and marketing of any turbocharger products being developed on a worldwide basis as a result of the joint activities. "We are pleased with the progress of the program and completion of the first design phase," said Professor Dr. Peter Hofbauer, Turbodyne's chief executive officer. "We are looking forward to beginning the next phase of developing and manufacturing the Garrett(R) Dynacharger(TM) with AlliedSignal and to begin delivering prototypes to automakers." With more than $1 billion in sales and 5,000 employees, AlliedSignal Turbocharging Systems is a global manufacturer of Garrett(R) turbochargers, superchargers and charge-air coolers 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. AlliedSignal is an advanced technology and manufacturing company serving customers worldwide with aerospace products and services, automotive products, chemicals, fibers, plastics and advanced materials Advanced Materials is a leading peer-reviewed materials science journal published every two weeks. Advanced Materials includes Communications, Reviews, and Feature Articles from the cutting edge of materials science, including topics in chemistry, physics, . It is one of the 30 stocks that make up the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. and is also a component of the Standard & Poor's 500 Index. The company employs 70,400 people in some 40 countries. Additional information on the company is available on the World Wide Web at http://www.alliedsignal.com. AlliedSignal was named the best diversified company diversified company A company engaged in varied business operations not directly related to one another. A diversified company is less likely to suffer either a collapse or a spectacular gain in earnings compared with a firm concentrating its operations in a by Forbes Global magazine; the most admired aerospace company by Fortune magazine, both globally and in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. ; and one of the 100 best companies to work for by Fortune. Turbodyne Technologies, a California-based high-technology company, specializes through its Engine Technology Division in the development, manufacture and marketing of proprietary pollution- control, fuel-economy and performance-enhancement products for internal combustion engines in the global automotive, transportation, construction, agriculture, marine, mining, military and power- generation industries. Turbodyne's Light Metals (Chem.) the metallic elements of the alkali and alkaline earth groups, as sodium, lithium, calcium, magnesium, etc.; also, sometimes, the metals of the earths, as aluminium. See also: Metal Division is a manufacturer of machined aluminum castings and a leading supplier 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. . Turbodyne Technologies maintains offices and/or plants located in Carpinteria, La Mirada La Mirada (lä mĭrä`də), city (1990 pop. 40,452), Los Angeles co., S Calif.; inc. 1960. La Mirada derives from the Spanish for "the view," referring to the panoramic view of the surrounding valleys from atop the city's hills. , Encinitas and Woodland Hills, Calif.; New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ; Ensenada and Mexico City, Mexico; Paris; and Frankfurt, Germany. This news 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. |
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