ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Xerotech and IMK Engineering announce partnership to help Original Equipment Manufacturers (OEMs) electrify their fleets

Next Generation Machinery

Reduce emissions and adopt electric vehicles

This new partnership leverages the strengths of Xerotech and IMK to create an offering to OEMS looking to reduce emissions and adopt electric vehicles.

CO. GALWAY, IRELAND, February 1, 2022 /EINPresswire.com/ -- Xerotech, a supplier of configurable battery systems, and IMK, an engineering firm that focuses on complete vehicle design, engineering and prototype builds, announced that they will enter into a strategic partnership to help OEMs electrify their fleets.

“The collaboration with Xerotech gives us the opportunity to offer our expertise and capabilities in prototype development and manufacturing to a wider range of OEM’s willing to electrify their fleets” said Frank Herrmann, Managing Director at IMK.

This new partnership leverages the respective strengths of Xerotech and IMK to create a compelling offering to OEMS who are facing mounting pressure to reduce emissions and adopt electric vehicles. Xerotech’s Hibernium® platform batteries complement IMK’s vehicle design, engineering and prototyping expertise, and enables the new wave of low-volume electrification. The strategic agreement is the next step in the relationship between both companies, with joint projects for construction and mining OEMs already underway.

“Xerotech’ Hibernium® platform removes the electrification barrier of system component availability, but it is partners like IMK Engineering that are essential for design and development of new generation machinery. We are proud to work with Mr. Herrmann’s team and deliver the best-in-class solutions to the end customers.” said Thomas Tomaszewski, VP of Business Development at Xerotech.

About Xerotech
Xerotech, founded in 2015 and headquartered in Ireland, is a leading manufacturer of advanced lithium-ion battery systems for use in industrial and commercial applications. Xerotech’s Hibernium™ platform is the market first battery system platform developed for low-volume high-diversity machinery. Utilizing its patented safety and thermal management technology Xerotherm® Xerotech enables electrification of “everything else” that uses internal combustion engine today.

About IMK
IMK engineering GmbH was founded in 1990 and located in Chemnitz / Germany, is engineering partner for the construction and mining machine industry and the industry in general. The unique characteristic of IMK is that the complete design engineering process including CAD, FEM-calculation, electric engineering and prototyping is offered. IMK is working with 50 engineers on different projects for well known OEM’s.

Carol Fitzgerald
Xerotech
email us here
Visit us on social media:
Twitter
LinkedIn

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.