Torotrak PLC Share News (TRK)

(ShareCast News) - Developer and supplier of emissions reduction and fuel efficiency technology, Torotrak, announced the award of funding from the UK's Advanced Propulsion Centre UK on Wednesday, to work in a co-funded consortium including Turner Powertrain System and the University of Hertfordshire on an off-highway project.The AIM-traded company said the award has been made to advance the development and manufacture of a leading low carbon drivetrain with energy storage for a range of off-highway vehicles and machines.It said the total project value is £9.4m divided among the consortium members, with an anticipated £4.16m in funding from the APC."We are delighted that Turner Powertrain System has chosen us as a partner for this project and that the APC has again backed one of our technologies," said Torotrak CEO Adam Robson."This investment will allow us to take a further significant step into the off-highway market."