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Kinetics Drive Solutions Signs Manufacturing Agreement to Localize its NexDrive™ Electric Drive Solutions in China

ConExpo/IFPE 2014

LANGLEY, British Columbia--(BUSINESS WIRE)--Kinetics Drive Solutions Inc. (Kinetics), through its related company Kinetics Systems (Shanghai) Co., Ltd, announced today that it has signed an agreement with Woxin Power Train (Shanghai) Co., Ltd (Woxin) for the manufacturing of Kinetics’ NexDrive™ electric drive solutions in China.

“This agreement allows us to continue our efforts as a major supplier of environmentally responsible zero emissions products for transit markets in China”

The NexDrive™ transmissions are designed and developed specifically for medium and heavy duty applications providing robust, efficient and reliable solutions for electric buses and trucks.

“This agreement allows us to continue our efforts as a major supplier of environmentally responsible zero emissions products for transit markets in China,” said He Darong, Chairman of Woxin.

“This is a significant milestone in localizing Kinetics’ NexDrive™ solutions for the Chinese market. With NexDrive™’s power-dense transmission, we are able to provide advanced propulsion systems with improved energy consumption and zero emissions to support the increasing demand for electric buses in China,” said Sew Chee Jhuen, Chairman of Kinetics.

Kinetics will be displaying its NexDrive™ and InfiniDrive™ range of infinitely variable drive solutions at ConExpo/IFPE 2014, from March 4 to 8 at booth 83401.

About Woxin
Established in 2013, Woxin Power Train (Shanghai) Co., Ltd is a subsidiary company of Shanghai First Electric Group. Woxin has its headquarters in Shanghai, China with initial investment of RMB100m. Its vision is to provide the best transmission solution for bus OEMs in China and overseas markets.

About Kinetics Drive Solutions
Kinetics Drive Solutions is a multi-disciplinary engineering company providing intelligent drive systems. Kinetics’ engineering team has produced custom drive solutions for world-class equipment manufacturers, defense contractors and component manufacturers.

For more information please visit www.KineticsDrive.com

Contacts

Kinetics Drive Solutions
Gordon Osborn, 604-607-8877
Director, Marketing
gordono@kineticsdrive.com