Innovative solution wins Slovenian company Hidria deals worth 110 mio EUR

Industrial conglomerate Hidria has closed deals worth 110 mio EUR to supply a diesel-cold start system with pressure sensor glow plug to car makers. Its innovative solution will cut emissions and fuel consumption. The system monitors pressure directly inside the engine cylinder, sending information directly to the engine control unit to adjust in real time fuel injection and other parameters key to optimal combustion. 

Presenting its innovation to reporters in Ljubljana on Friday, Hidria officials would not disclose the names of car manufacturers they signed deals with for the supply of the system in 2017-2021.

They did say though that the company would satisfy more than 30% of global demand in the segment and that in some cases it would be the only supplier in the field. Concrete models to be supported with Hidria technology will only be known when the cars are put on the roads at the beginning of 2018.

Via Slovenia Times, more at http://www.sloveniatimes.com/innovative-solution-wins-hidria-deals-worth-eur-110m