Wednesday, 25 April 2018 07:40 AM
LONDON, UK / ACCESSWIRE / April 25, 2018 / Active-Investors.com has just released a free research report on Dana Inc. (NYSE: DAN). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=DAN as the Company's latest news hit the wire. On April 23, 2018, the Company, which is a world leader in specialized engineered solutions, unveiled its technologies for the rapidly evolving development of hybrid- and electric-powered construction and other off-highway vehicles at the Intermat exhibition. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Data's Exhibit at Intermat
Intermat is an international exhibition for civil engineering and structural building industries. Dana will showcase its entire range of drive and motion products for the construction industry at the Intermat exhibition on April 23-28, 2018, in stand 5A C 031. Meanwhile, Dana's hybrid-electric telescopic boom lift will showcase live demonstrations at outdoor stand 5B Ext 023 at the Paris Nord Villepinte exhibition center.
Dana will exhibit its technological capabilities through a hybrid-electric telescopic boom lift equipped with over 30 Spicer® drivetrain and Brevini® motion products. This aerial work platform will perform a number of typical driving and working functions to demonstrate how Dana serves as a Tier One contributor to the performance, efficiency, safety, intelligence, and systems integration of hybrid and electric vehicles.
Dana's Comprehensive Strategy
Dana's comprehensive strategy empowers original equipment manufacturers (OEMs) to accelerate their hybrid and electric vehicle development programs. The strategy encompasses a modular approach that combines Spicer® Electrified™ hybrid and electric drivetrain solutions into existing vehicle architectures with internal-combustion engines. Through this, Dana facilitates the evolution of vehicle mobility and a smooth transition to fully-integrated electric-drive technologies.
Apart from aerial work platforms, the Company is also developing hybrid and electric drive solutions for wheeled and tracked vehicles in the construction, mining, material-handling, and aircraft ground support industries. Tightening emission requirements, increasingly strict local government regulations, and growing market demand for sustainable vehicles are driving the development for hybrid and electrified technologies.
Dana's Market-Ready Offerings for Hybrid, Electric Vehicles
Dana offers a wide range of modular hybrid- and electric-drive systems that are compatible with the existing vehicle design envelopes and provide OEMs with effective, low-risk, and quick-to-market solutions. These systems can also be connected to traditional Spicer® wheel drives, track drives, axles, and transmissions to deliver hybrid or electric functionality.
For instance, Dana has designed a wheel drive paired with a motor for electric-driven aerial work platforms (AWPs) ranging from 3 tons to 7 tons. Besides, engineers are extensively leveraging Dana's technologies to develop wheel-drive, track-drive, and axle-based solutions for electric-driven AWP applications of up to 24 tons.
Dana's Support for Future Hybrid and Electric Vehicles
Alongside, Dana is also designing and testing compact, fully-integrated drive systems with motors, gearboxes, power electronics, and thermal-management products that guarantee optimal performance while reducing manufacturing complexity and cost of ownership. The Company is developing drive systems that integrate advanced electric motor and wheel-drive technologies into a single package for electric-powered AWPs with overall weights of 8 tons to 12 tons.
Extensive Support for Electrification Across Vehicle Markets
Dana has been a leader in developing applications for electrified vehicles used in mining and aircraft ground support. Of late, the Company has increased its focus on the engineering and development of hybridization and electrification as part of its enterprise strategy, ‘Shifting into Overdrive'. The strategy aims to offer an extensive portfolio of advanced hybrid and electric technologies for multiple vehicle markets.
Dana has developed electric drive units for electric vans and integrated e-axles for electric transit buses and city delivery vehicles under its Spicer® Electrified™ brand. Besides, it has also fabricated advanced Long® brand thermal-management solutions for battery systems and power electronics for electric-powered vehicles.
Increased Capabilities Post Brevini Acquisition
Post the acquisition of the power-transmission and fluid power businesses of the Brevini Group S.p.A. in February 2017, Dana has got greater access to advanced technologies that support hybrid and electric vehicle architectures. The Company has a series of Brevini® motion products that support the power distribution requirements of hybrid and electric off-highway vehicles. These products include gear pumps, hydraulic power units, valves and controls, hydraulic axial piston motors and pumps, orbital motors, control hardware and software, advanced sensor technologies, and operator-information displays. Besides, Dana is also creating successful electrified driveline applications in production and pre-production testing for off-highway customers.
Stock Performance Snapshot
April 24, 2018 - At Tuesday's closing bell, Dana's stock declined 1.84%, ending the trading session at $25.09.
Volume traded for the day: 1.33 million shares.
Stock performance in the past twelve-month period – up 33.24%
After yesterday's close, Dana's market cap was at $3.77 billion.
Price to Earnings (P/E) ratio was at 12.61.
The stock has a dividend yield of 1.59%.
The stock is part of the Consumer Goods sector, categorized under the Auto Parts industry.
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