Exclusive licensing agreement for Bonfiglioli to manufacture and sell CVTCORP technologies
CVTCORP & Bonfiglioli. The two companies have recently entered into an agreement for Bonfiglioli to manufacture and sell the CVTCORP mCVT patented technology for telehandlers and other equipment. The cooperation will also include developing a full line of transmissions based on the currently available mCVT.
CVTCORP has developed a high-power, efficient and cost-effective mCVT which is currently available as the Ecomec 150. The CVTCORP’s mCVT technology offers off-highway manufacturers an affordable and scalable solution that provides vehicles performance improvements in the 20-30% range.
«Bonfiglioli’s endorsement of our mCVT technology and their reputation as a high quality, global manufacturer will accelerate the commercialization of our technology worldwide starting with telehandlers applications», said Daniel Girard, founder and CEO of CVTCORP. «We are looking forward to assisting Bonfiglioli with moving forward rapidly into markets where our innovative mCVT technology enables engine downsizing, fuel reduction, increased safety and productivity», Girard added. «CVTCORP will work with Bonfiglioli to continue its development of advanced controls and connectivity capabilities to optimize complete vehicle performances and provide customers equipment with simple but cutting- edge technology».
«Over the last several years, we have worked very intensively to enhance and enlarge our product portfolio in our core markets with excellent responses from our customers. A couple of years ago, when we came across CVTCORP’s technology, it was clear we were in front of a ‘game-changer’ and we immediately recognized the differentiating features such technology was offering and the diversification opportunity for our company leveraging on our market, technology and operational core competences», says Fausto Carboni, Bonfiglioli CEO.