TitanX announces significant new oil cooler business with key customers
Friday, April 09, 2010 - Mjallby
TitanX is excited to announce that recent enhancements to its retarder, transmission, and engine oil cooler product lines have resulted in significant new contracts for the company.
High on this list is business awarded by Daimler for the supply of oil coolers.
“I am very pleased to see that our development efforts continue to pay off, as we win market share. Last year we spent about 10% of our revenues in R&D. All of this new business is strong evidence that the market place is taking notice and that we are executing the right strategy,” says Lars Larsson, CEO at TitanX.
Finally, the company also announced that it has signed a sizable contract for oil coolers with a yet-to-be-identified industry leader, further underscoring that TitanX is quickly becoming the preferred partner for global optimal cooling solutions."