Torotrak has
begun work on a funded programme with Lotus Cars to integrate KERS into the manual
transmission of a performance passenger car.
Torotrak is also working on a number of
programmes to introduce Flybrid KERS in commercial vehicles. Most notably, the first KERS installation
in a Wrightbus StreetLite bus has demonstrated good driveability and energy
capture during on road testing in Leyland this month.
Torotrak is also
conducting calibration and performance optimisation with the bus powertrain and
vehicle operating strategy prior to the next stage testing at Millbrook; and is
on track to begin KERS trials in a bus on a public route with Arriva in the
third quarter of this year.
Torotrak claims to be
building a strong pipeline of potential sales opportunities for KERS in buses
and considerable interest is being shown in the technology.
Finally, as already
reported here, a funded programme is underway with JCB is underway to design,
develop and make Flybrid technology ready for production in excavators,
building on successful trials of a prototype design in 2013.
Torotrak’s strategic
objectives remain to achieve a successful, earlier to market launch of Flybrid
KERS in commercial vehicle applications, beginning with buses, where fleet
trials are due to commence later this year; establish low volume manufacturing
capability to support high unit value supply of products and to build growing
product revenues commencing in the next financial year; introduce high profile,
low volume show cases of our technology for launch in the next three years,
which also contribute to product development for next stage higher volume
applications; and finally establish Tier 1, licensed manufacturing partnerships
for volume launch of our products in the critical period: 2017 - 2019, ahead of
the next wave of passenger car and commercial vehicle platforms requiring next
generation, low CO2 technology.
As to manufacturing capability, flywheels
and flywheel assembly component manufacturing is scaling up in the Leyland
facility to support wider bus fleet trials scheduled for the first quarter of
next year and expected start of commercial production by end 2015.
Also, positive responses
to requests to tender have been received from supply chain partners, confirming
the bill of material costs for commercial production of KERS units for buses is
within target; and Torotrak is in advanced stages of discussion with key
partners for sub-system supply of KERS for buses.
All of which suggests
that if all goes well, KERS could form a major part of Torotrak’s income in the
years to come, following the company acquisition of Flybrid automotive at the
beginning of this year.
According to Jeremy
Deering, chief executive officer of Torotrak, there is continued, strong
business development engagement with OEMs, Tier 1s, and Tier 2s across each
product area (IVTs, V-Charge and KERS) and in a number of major automotive
territories.
“This has been reflected
in terms of six new evaluations and three expressions of volume requirement
subject to manufacturer engagement,” he said. “Our estimate of minimum
development time to market is approximately three years, meaning that to
achieve our objectives Tier 1s need to be signed up between this financial year
and the financial year ending March 2016.”
Torotrak was founded to
introduce continuously variable transmission (CVT) and later infinitely
variable transmission (IVT) into road vehicles (cars, trucks and buses) but over the years the emphasis
has shifted towards establishing three legs to the stool: IVTs, V-Charge and
KERS.
Heavy commercial vehicle
IVTs have long been promised with Allison Transmission in the US being the
principal contended along with the ever mysterious “European Truck and Bus
manufacturer”. Of these, Allison Transmission has invested significantly in
Torotrak’s IVT.
In the context of
manufacturing partnerships, the next stage engineering programme with Allison Transmission
is “on track” to receive a success related deferred license fee in the fourth
quarter of this year, while collaboration with a Tier 1 and global passenger
car OEM to optimise V-Charge for new engine platform is “progressing well”.
So, the signs for long-suffering
shareholders suggest there is a glimmer of hope on the horizon, although, to
mix metaphors, there continues to be a heavy emphasis on ‘jam tomorrow’!
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