COLUMBIA, S.C., Jan 19, 2010 (BUSINESS WIRE) -- Navistar, Inc. has acquired from Holley Performance Products, Inc.
certain assets including intellectual property rights to some of
Holley's valve technology for diesel engine exhaust-gas recirculation
systems. Pure Power Technologies LLC, a Navistar company, will
manufacture the advanced EGR valve at its Blythewood, S.C., plant. Terms
of the deal were not disclosed.
"This aligns with our business strategy of controlling our destiny by
gaining control of critical component technologies which drive
differentiation in today's modern diesel engines," said Eric Tech,
president, Navistar Engine Group, which will use the EGR valve across
its line of MaxxForce(R) brand big bore commercial diesels.
The advanced valve technology enables increased EGR system air flow,
which helps reduce engine combustion temperatures. Low combustion
temperatures are one of the keys to Navistar's Advanced MaxxForce EGR
system for meeting EPA 2010 clean-air standards without burdening
commercial truck operators with liquid urea based selective catalytic
reduction (SCR) after-treatment.
"This component allows precise and efficient air management in MaxxForce
engines," said Houman Kashanipour, president, Pure Power Technologies.
"As a result, Navistar customers benefit with high performance, high
efficiency and low diesel emissions."
Navistar Engine Group designs, engineers and manufactures a full line of
MaxxForce diesel engines for International(R) brand commercial
trucks, IC(TM) brand school and transit buses, and Workhorse(R)
brand custom RV chassis.
Pure Power Technologies, vertically integrates research and development,
engineering and manufacturing capabilities to produce world-class diesel
power systems and advanced emissions control systems. Based in Columbia,
S.C., Pure Power Technologies operates an R&D center there, a
manufacturing plant in nearby Blythewood, S.C., and a foundry in
Waukesha, Wis.
Navistar International Corporation (NYSE: NAV) is a holding company
whose subsidiaries and affiliates produce International(R)
brand commercial and military trucks, MaxxForce(R) brand diesel
engines, IC Bus(TM) brand school and commercial buses, Monaco RV brands of
recreational vehicles, and Workhorse(R) brand chassis for motor
homes and step vans. It also is a private-label designer and
manufacturer of diesel engines for the pickup truck, van and SUV
markets. The company also provides truck and diesel engine service
parts. Another affiliate offers financing services. Additional
information is available at www.Navistar.com/newsroom.
SOURCE: Navistar International Corporation
Navistar International Corporation
Media contact (U.S.): Roy Wiley, 630-753-2627
Investor contact (NAV): Heather Kos, 630-753-2406
Web site: www.Navistar.com/newsroom
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