Haldex Receives Nomination for an Additional Global All-Wheel Drive Platform, Increasing the Total Value of the Account With 800 MSEK to 2 BSEK.STOCKHOLM, Sweden -- Haldex (STO:HLDX) will supply the latest generation of its Haldex Limited Slip Coupling (Haldex LSC LSC Learning and Skills Council LSC Legal Services Commission (UK) LSC Legal Services Corporation LSC Lyndon State College (Lyndonville, VT) LSC Learning Skills Council LSC Life Safety Code ) and Electronic Limited Slip Differential A limited slip differential (LSD) is a modified or derived type of differential gear arrangement that allows for some difference in rotational velocity of the output shafts, but does not allow the difference in speed to increase beyond a preset amount. (Haldex eLSD) to two major light-vehicle platforms, starting 2008. Following the initial breakthrough last year as announced on October 26 in 2005, Haldex has won sourcing for a second global All-Wheel Drive platform from a leading Tier 1 supplier. Deliveries are scheduled to start in 2008 and the estimated combined value of the business for both platforms amounts to 2 BSEK. The Haldex LSC and eLSD product range offers a powerful platform solution to Tier 1 or OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers by allowing for hardware utilization and modularization across brands, thus eliminating cost and complexity. Customization is achieved through employment of trademarked controls and algorithms, developed in-house by Haldex Engineering. Haldex will use its existing global manufacturing footprint to serve the vehicle programs slated for production but will significantly increase installed capacity in Mexico to meet requirements for North America. "The nomination reconfirms Haldex's position as a leading source for innovation in the area of All-Wheel Drive, backed with the Group's global manufacturing capability. Haldex pride itself in bringing cutting edge technologies to the market and creating competitive advantage to its immediate customers" says CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President of the Haldex Group, Joakim Olsson. Haldex (www.haldex.com), headquartered in Stockholm, Sweden, is a provider of proprietary and innovative solutions to the global vehicle industry, with focus on products in vehicles that enhance safety, environment and vehicle dynamics. Haldex is listed on the Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. and has annual sales of nearly 8 billion SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. with 4,600 employees. This information was brought to you by Waymaker http://www.waymaker.net |
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