Pri­col signs MoU with Kerdea Tech for O2 sen­sors

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Pri­col Lim­ited has an­nounced a new ex­clu­sive li­cens­ing agree­ment with Kerdea Tech­nolo­gies, a US tech­nol­ogy com­pany and pi­o­neer in re­sis­tive-based sen­sors, for Oxy­gen (O2) sen­sor. With Kerdea’s patented tech­nol­ogy in oxy­gen sen­sor and Pri­col’s su­pe­rior man­u­fac­tur­ing ca­pa­bil­i­ties, this prod­uct will be made ready to cater to com­bus­tion engine ap­pli­ca­tions in the two-wheeler and three-wheeler ve­hi­cle seg­ments in In­dia. With this strate­gic part­ner­ship, Pri­col’s in­ten­tion is to ex­pand its sen­sors port­fo­lio in In­dia and be ready for the up­com­ing BSVI emis­sion reg­u­la­tions in 2020.

The oxy­gen or O2 sen­sor, is de­signed to con­stantly mon­i­tor the oxy­gen con­tent in the ex­haust gases from the engine. O2 sen­sors help to main­tain the right air-fuel mix­ture so that the engine run ef­fi­ciently with emis­sions well within the norms. Pri­col recog­nises the need to in­vest in such next-gen­er­a­tion so­lu­tions that will de­liver bet­ter per­for­mance and be en­vi­ron­ment friendly.

Vikram Mo­han, MD, Pri­col Lim­ited said, “In a fast-chang­ing en­vi­ron­ment, it is crit­i­cal to draw upon the high­est level of ex­per­tise to de­sign the tech­nolo­gies of to­mor­row. We are ex­cited to part­ner with Kerdea to bring in­no­va­tive, ground-break­ing tech­nolo­gies to our In­dian cus­tomers. Af­ter the roll­out of BS-VI norms by 2020, Pri­col is ex­pect­ing to add over USD 60 to 70 mil­lion to its top line with a healthy EBITDA mar­gin with the prod­ucts de­vel­oped through Kerdea’s tech­nol­ogy.”

Douglas M. Carnes, CEO, Kerdea Tech­nolo­gies said, “We are ex­tremely happy to part­ner with Pri­col to cre­ate a trans­for­ma­tion in the O2 sen­sor mar­ket and thereby cre­ate a pol­lu­tion free In­dia with the use of O2 sen­sors. This li­cens­ing part­ner­ship will help us ex­pand our foot­print in In­dia by redefin­ing fuel ef­fi­ciency and emis­sion con­trol and thereby im­prove prod­uct per­for­mance for two-wheeler and three­wheeler ve­hi­cle seg­ment in In­dia.”

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