Parker technology has demonstrated 50 to 70 percent increase in miles per gallon improvement.
Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced initial commercial commitment for its new series hydraulic hybrid system, which is designed to completely replace the traditional drive train on delivery vehicles and has yielded significantly increased fuel efficiency and reduced carbon emissions. The commitment came as part of a grant under the United States Department of Energy's Clean Cities program and was funded through the American Recovery and Reinvestment Act. - Freightliners Custom Chassis commitment for 20 series hydraulic hybrid systems for delivery vehicles represents a milestone in technology's commercialization.
Get Rich Penny Stocks is a leading financial publication that is pleased to alert investors of stocks on the move.
Sign Up for our Free Stock Newsletter
Field testing of the system during the past year has indicated that the hydraulic system is capable of generating as much as a 50 to 70 percent increase in miles per gallon in stop-and-go applications when compared with traditional diesel powered vehicles that have automatic transmissions. Prior to field testing, the system was validated for fuel efficiency by the United States Environmental Protection Agency at its National Vehicle and Fuel Emissions Laboratory in Ann Arbor, Michigan.
We are on the cutting edge of advancements in series hydraulic hybrid technology working in close partnership with customers such as Freightliner Customer Chassis Corporation to commercialize new systems," commented Dr. Joe Kovach, Group Vice President of Technology and Innovation for Parker's Hydraulics Group. "We believe the series hydraulic hybrid technology has application not only in delivery vehicles, but also for yard hostlers and city buses. Additionally, our advanced series hydraulic hybrid system, called RunWise, is currently being field tested in more demanding applications such as with refuse vehicles. This is a technology that holds great promise as a contributor to reduced environmental impact and increased fuel efficiency." With annual sales exceeding $10 billion in fiscal year 2009, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets. The company employs approximately 52,000 people in 48 countries around the world. Parker has increased its annual dividends paid to shareholders for 53 consecutive years, among the top five longest-running dividend-increase records in the S&P 500.
Sign up for the Free GetRichPennyStocks Newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.
About Us
GetRichPennyStocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that could be on the brink of a breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer
