Geelong-based one-piece carbon fibre wheel manufacturer Carbon Revolution has announced a contract with an unnamed global maker of sport utility vehicles (SUVs).
CEO Jake Dingle said the deal meant there were now five global automotive manufacturers using his company’s high-performance wheels.
“SUVs represent a very important new segment of the market for Carbon Revolution, broadening our horizons as we build the business. We have been working on applications for this segment for a number of years leading up to this award, so this is a very important milestone for the team,” said Dingle in a statement.
“The new contract proves the flexibility of our technology and engineering expertise, demonstrating its versatility to improve the performance and efficiency of SUV’s and truck platforms.”
The company’s one-piece carbon fibre wheels offer weight savings of between 40 – 50 per cent, as well as other advantages, compared to aluminium alloys.
The news follows Carbon Revolution’s pre-IPO raising of $73.4 million in June, and an announcement in August of a planned move into aerospace through a Defence Innovation Hub-backed project, to “develop the world’s first light-weight carbon fibre wheels for the Boeing CH-47F Chinook helicopter.”
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