TPI to Collaborate with Navistar to Design and Build an All-Composite Class 8 Truck
09 March 2018 - 8:01AM
TPI Composites, Inc., (TPI) (Nasdaq:TPIC), announced today that it
has entered into an agreement with Navistar, Inc. to design and
develop a Class 8 truck comprised of a composite tractor and frame
rails. This collaborative development project is being entered into
in connection with Navistar’s recent award under the U.S.
Department of Energy’s Super Truck II investment program, which is
designed to promote fuel efficiency in commercial vehicles.
“We are excited about the opportunity to design,
develop and validate the use of composite materials and
technologies in commercial vehicles in a cost effective and high
volume manufacturing environment,” said Steve Lockard,
President and CEO of TPI.
With 80% of all goods in the United States
transported by Class 8 trucks, there is a significant opportunity
to improve the freight efficiency of trucks. Incorporating
composite materials into a Class 8 truck structure offers multiple
performance advantages compared to traditional metals in terms of
weight savings, reduced part count, and non-corrosion properties.
TPI and Navistar are targeting 30% plus reduction in the weight of
a Class 8 truck by replacing traditional metals with composite
materials to enhance the freight efficiency.
About TPI Composites, Inc.
TPI Composites, Inc. is an innovation leader for
composite structures in the transportation market utilizing
advanced composite technology and manufacturing expertise. TPI
Composites, Inc. is the only independent manufacturer of composite
wind blades for the wind energy market with a global footprint. TPI
delivers high-quality, cost-effective composite solutions through
long term relationships with leading wind turbine manufacturers.
TPI is headquartered in Scottsdale, Arizona and operates factories
throughout the U.S., China, Mexico, and Turkey.
Investor Contact: investors@tpicomposites.com 480-315-8742
About Navistar
Navistar International Corporation (NYSE:NAV) is a holding
company whose subsidiaries and affiliates produce International®
brand commercial and military trucks, proprietary diesel engines,
and IC Bus® brand school and commercial buses. An affiliate also
provides truck and diesel engine service parts. Another affiliate
offers financing services. Additional information is available at
www.Navistar.com. For further information: Media contact: Lyndi
McMillan, Lyndi.McMillan@Navistar.com, 331-332-3181; Investor
contact: Marty Ketelaar, Marty.Ketelaar@Navistar.com, 331-332-2706;
Web site: http://www.icbus.com
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