New MTS Test Solution Accelerates Deployment of Energy Recovery Technology in
Hybrid-Electric Vehicle Systems
EDEN PRAIRIE, Minn., April 29, 2013
EDEN PRAIRIE, Minn., April 29, 2013 /PRNewswire/ -- MTS Systems Corporation
(NASDAQ: MTSC), a leading global supplier of high-performance test systems and
position sensors, today announced the availability of the MTS 'ERS Test
Solution', designed to help automotive companies introduce and optimize Energy
Recovery Systems (ERS) in their hybrid-electric vehicles. This unique test
system spans the performance range from Formula One racing to high-volume
commercial passenger vehicles, bringing reduced development cycle times and
realistic operating conditions to these hybrid vehicle systems. ERS
technologies are the heart of next generation hybrid-electric vehicles,
recovering the energy produced by braking and exhaust gas. Recovered energy
is converted to electric power that can be stored or used immediately to boost
vehicle power and fuel efficiency.
Successfully integrating ERS technologies into a vehicle platform requires
considerable development and complex testing. Leveraging its experience in
designing and manufacturing ERS components for Formula 1 racing teams, MTS has
developed an accurate and repeatable means of performing such tests, greatly
accelerating the process of ERS integration for any given vehicle.
"With the MTS solution, engineers now have a reliable way to address the
challenges inherent in ERS technology development, and to accelerate its
deployment into real-world vehicle environments," said Dr. Rich Baker, Senior
Vice President of MTS Test. "Developers can accurately evaluate how different
ERS operating strategies affect vehicle performance and efficiency, giving
them valuable insight into how to best capture, store and return energy back
to the drive train."
The MTS ERS test solution incorporates a computer-generated vehicle and
physical test stations for up to three ERS components, enabling the accurate
simulation of a fully integrated vehicle. It is capable of testing components
that rotate at angular velocities of up to 120,000 RPM and absorb/generate up
to 150 kW.
"Reducing fossil fuel consumption, while maintaining high performance, is one
of the foremost challenges of our time, and there is tremendous potential for
energy recovery technology to boost the fuel efficiency of vehicles with
internal combustion engines," said Dr.Jeffrey Graves, MTS President and CEO.
"When manufacturers of passenger cars, commercial trucks and even aircraft
engines decide to incorporate ERS into their designs, the MTS ERS test
solution will be a critical tool for helping them make the most of it."
About MTS Systems Corporation
MTS Systems Corporation is a leading global supplier of high-performance test
systems and position sensors. The Company's testing hardware and software
solutions help customers accelerate and improve their design, development, and
manufacturing processes and are used for determining the mechanical behavior
of materials, products, and structures. MTS' high-performance position sensors
provide controls for a variety of industrial and vehicular applications. MTS
had 2,147 employees and revenue of $542 million for the fiscal year ended
September 29, 2012. Additional information on MTS can be found on the
worldwide web at http://www.mts.com.
This release contains "forward-looking statements" made pursuant to the safe
harbor provision of the Private Securities Litigation Reform Act of 1995 that
are subject to certain risks and uncertainties, as well as assumptions, that
could cause actual results to differ materially from historical results and
those presently anticipated or projected. Words such as "may," "will,"
"should," "expects," "intends," "projects," "plans," "believes," "estimates,"
"targets," "anticipates," and similar expressions are used to identify these
Forward-looking statements are based on our current expectations and
assumptions, which may not prove to be accurate. Many factors could cause
actual results to differ materially and adversely from these forward-looking
statements. Among these factors are risks related to: government contracting;
the Company's significant international business including but not limited to
currency value fluctuations, difficulty enforcing agreements and collecting
receivables, import and exporting matters, higher danger of terrorist
activity, difficulty in staffing and compliance with laws; volatility in the
global economy; competition; failure to achieve the Company's growth plans for
the expansion of its business because the Company's long-term success depends
on its ability to expand its business through new product development, mergers
and acquisitions, geographic expansion and service offerings, all of which are
subject to inherent risks including but not limited to market demand, market
acceptance of products and our ability to advance our technology; difficulties
obtaining the services of skilled employees; failure to protect its
intellectual property effectively or infringement upon the intellectual
property of others; product liability and commercial litigation; difficulty
obtaining materials or components for its products; government regulation; the
irregularity and development of sales, delivery and acceptance cycle for the
Company's products; the Company's customers are in cyclical industries;
interest rate fluctuations; the Company may be required to recognize
impairment charges for long-lived assets; and cost, reputational and other
risks associated with disclosing use of conflict minerals. For a more thorough
discussion of the risks associated with our business, see the "Risk Factors"
section in the Company's most recent SEC Form 10-K, 10-Q and 8-K filings.
Except as required by law, the Company does not undertake any obligation to
publicly update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise.
SOURCE MTS Systems Corporation
Contact: Susan Knight, Chief Financial Officer, 952.937.4000
Press spacebar to pause and continue. Press esc to stop.