(NewsDirect)
Cooper Standard(NYSE: CPS) today announced a joint development agreement withIndustrie Saleri Italo S.p.A. (Saleri) to create a novel family ofhigh-performance coolant fluid management devices for the batteryelectric vehicle market (EV). These new products combine thefunctionality of pumps with advanced fluid control, routing andconnection technologies into single devices, enabling simplified EVarchitectures and improved performance and range. With a compactdesign and extensive configuration options, the devices provideflexibility in vehicle designs and can be integrated easily intoexisting systems and across vehicle platforms. These new products willdrive significant expansion of content per vehicle and margins.
“We are pleased topartner with Saleri on this important innovation project as wecontinue advancing our fluid handling strategy to meet the uniqueneeds of the electric vehicle market,” said Tom Stimson, vicepresident engineering and product development, Cooper Standard. “Thecore competencies and capabilities of both companies provide a uniqueblend of expertise to optimize fluid flow in the vehicle, offering ourcustomers improved operational vehicle performance.”
“Once again we havebeen recognized for our expertise in developing thermal managementsolutions that are able to adapt to each customer’s needs,” saidMatteo Cosmi, managing director, Saleri Group. “Being valued byCooper Standard makes us proud. The new joint development will addressthe battery electric vehicle market, offering new solutions to reduceenergy consumption and augmented efficiency through fluid managementin a smart, compact product with the flexibility in also adapting toexisting systems.”
About Cooper Standard
Cooper Standard, headquartered in Northville,Mich., with locations in 21 countries, is a leading global supplier ofsealing and fluid handling systems and components. Utilizing ourmaterials science and manufacturing expertise, we create innovativeand sustainable engineered solutions for diverse transportation andindustrial markets. Cooper Standard's approximately 23,000employees are at the heart of our success, continuously improving ourbusiness and surrounding communities. Learn more at www.cooperstandard.com orfollow us on Twitter @CooperStandard.
About Saleri
Founded in 1942, Industrie Saleri Italo S.p.A.now heads an international group (“Saleri Group”) leader in thedevelopment of Thermal Management solutions. The Thermal Managementsystems are co-designed with the Client, at every stage of theprocess: from product concept, through prototyping and onto massproduction. The Group is headquartered in Italy – Brescia and hascompanies in Italy, China, Mexico and India. Saleri Group employsaround 600 people and recorded 160 million € revenues in 2021.
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ContactDetails
Chris Andrews
+1 248-596-6217
CompanyWebsite
http://www.cooperstandard.com/
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