Video Release -- Power Solutions International Launches Gas Engine Joint Venture With Doosan Infracore
A video accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=29540
PSI and Doosan will sign the agreement at a press conference held on
"This JV is the perfect vehicle to combine the production and development capabilities of Doosan with PSI's engine technology, application and product support expertise," said
In terms of existing rights, the JV agreement adds a multiyear extension to PSI's exclusive rights to market power systems using Doosan engines in
The Doosan PSI JV will operate in a similar fashion, but will market power systems to global markets in power generation and oil and gas. In particular, Doosan PSI expects to undertake extensive development of new products and features specific to worldwide 50-hertz markets, including the
"Our mutual goal is to leverage resources of Doosan and PSI to deliver best-in-class natural gas engines and provide better, cleaner solutions to global customers," said
By combining Doosan's mass production capacity with PSI's specialized engineering expertise, the JV expects to achieve new efficiencies that will yield highly competitive natural-gas products. The JV will also shorten the supply chain in
For more information on PSI, visit http://www.psiengines.com.
On Doosan Infracore, visit http://www.doosaninfracore.com/engine/en.
PSI develops and delivers complete .97 to 22-liter power systems, including the 8.8-liter engine aimed at the industrial and on-road markets, such as medium duty fleets, delivery trucks, school buses and garbage/refuse trucks. PSI power systems are currently used worldwide in power generators, forklifts, aerial lifts, and industrial sweepers, as well as in oil and gas, aircraft ground support, agricultural and construction equipment.
PSI recently acquired
About Doosan Infracore
Doosan Infracore is equipped with the world's highest standard of technologies and products in the machine industry including construction equipment, machine tools, and engines.
CONTACT: Commercial Inquires:
Don WilkinsVice-President of Advanced Product Development Power Solutions Internationaldwilkins@psiengines.com 1.630.350.9400 Press Inquiries: Jeremy LessarisGlobal Director of Marketing & Communications Power Solutions Internationaljlessaris@psiengines.com 1.630.350.9400 Commercial Inquires Woongtae Kim General Manger of Business Development Doosan Infracore email@example.com 82.2.3398.8509 Press Inquiries: Heekyung LeeMarketing Specialist Doosan Infracore firstname.lastname@example.org 82.2.3398.2669
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