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Torotrak joins off-highway drivetrain consortium

Wed, 14th Sep 2016 16:30

(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."
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27 May 2009 17:02

London close: Footsie limps back into positive territory

The movements of London's blue-chip index looked as if they were being directed by the grand old Duke of York today, with the index starting the day on the up, then heading lower over the lunchtime session before finishing roughly where it started. Sterling moved above $1.60 for the first time sin

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27 May 2009 15:47

TechMARK movers: Torotrak in reverse

Gearbox designer Torotrak has had a rollercoaster ride today and trades down 12% near the end of the session despite narrowing full-year losses. The annual deficit closed to £1.9m from £2.3m last year on turnover up to £4.6m from £3.6m before. But worries about the impact of the recession on the mo

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27 May 2009 14:58

London afternoon: Footsie drifts into the red

London's leading shares are mixed in quiet trading. Hopes of receiving a lift from a strong start on Wall Street have been dashed, with the US market trading indecisively as London as traders await the release of US existing home sales data. Water companies receive a boost ahead of the sector's res

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27 May 2009 12:10

London midday: Water companies keep Footsie afloat

The Footsie is barely keeping its head above water, despite expectations of a moderately firm start on Wall Street. Water companies receive a boost ahead of the sector's results season which starts this week, with Credit Suisse claiming the sector's rally is set to continue. The Swiss bank has upgr

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27 May 2009 08:00

Torotrak narrows losses

Gearbox designer Torotrak narrowed pre-tax losses for the year as turnover jumped 25% as it continues to make progress towards full commercialisation of its technology and business. "Torotrak is well positioned and resourced, both financially and operationally. This, together with the strength of o

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