[Admin]

8th May 2006
What is claimed to be the world’s first two-speed supercharger drive system to enter series production will be demonstrated by Antonov, the automotive technology company, at this week's Engine Expo exhibition at Stuttgart. Next week, the racing driver Peter Kox will demonstrate it at the Zandvoort race circuit in The Netherlands.
While this first application will be demonstrated in two high performance vehicles – a Mercedes and Ford Mustang – Antonov says the volume potential for the device lies in its ability to enable engine downsizing, opening up the application of superchargers to more mainstream vehicles.
John Moore, chief executive of Antonov, said: “We have experienced strong interest and have already supplied units to OEM clients for assessment and development trials.”
A pure R&D company, Antonov expects to licence the technology either directly or through OEMs’ Tier 1 suppliers. Antonov can manage the initial manufacture and supply of up to 10,000 units annually through its production supply partner, the Leipzig-based Neue ZWL Zahnradwerk. However the plan is for much lower preliminary sales growing to around 4,000 units over the next three years.
Other Antonov technologies on display at Engine Expo available for licensing and high volume production include the company’s compact 6-speed automatic transmission system for front wheel drive passenger cars. In January this year, Antonov announced an agreement to develop this transmission with China’s Great Wall Motor Company Limited.
(www.antonov-transmission.com)

 

[Admin]

Antonov says has 1.9 mln eur available from 6 mln loan

LONDON (AFX) - Antonov PLC said it has 1.9 million remaining from a 6 mln eur loan announced in June 2005, which is being met by a London-based institution, in response to 'a number of recently published inaccurate press articles'.

In a statement, it added it is also confident that further facilities will be made available if required.

On Friday, the Automotive technology company warned it would not achieve market expectation for full-year revenue of 2 mln eur due to a licence problem stopping China's Great Wall Motor Company Ltd (GWM) producing the company's six-speed gearbox.

In June 2005, the company said it completed a 6.75 mln eur convertible loan note fundraising exercise.

 

[magpie69]

Trading update GWM Option Agreement

30 June 2006

Trading update GWM Option Agreement

In January, it was announced that Great Wall Motor Company Limited ("GWM") had entered into a six month Option Agreement to take up a Licence for Antonov's six speed automatic gearbox. However, the parties have not yet been able to achieve the level of information required by GWM's stringent risk management procedures and as a result, the production programme at GWM has been halted.

Antonov is continuing to work to address the outstanding issues, primarily key supplier costs, lead times and production investment levels. As a result, the Company will resubmit a detailed production plan, which fulfils GWM's risk management requirements, in September. In order to facilitate this process, Antonov has extended the term of the Option Agreement to 30th September 2006. It is expected that, following the current reassessment, the Company will be able to provide a further update at that time.

 

[dragin]

critical quality

If all goes well can Antonov provide the critically high quality transmission that GWM needs to make its foray into the US market?

Automatic transmission performance, reliability, and durability are key.