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Last Post: 3/22/2013 6:25:55 AM - Followers: 2 - Board type: Free - Posts Today: 0

LATEST NEWS

From Torotrak's 2011 annual report, published on-line on 5th July 2011 :-

 Financial Highlights
 
Timing and level of licence payments and restructuring costs result in increased loss after tax of £3.1 million, as expected
 
Restructuring if Infinitrak JV leads to a net £0.2 million positive contribution and reduced expenditure going forward
 
Cash of £8.3 million at year end strengthened post year end by £3.5 million licence payment from Allison Transmissions Inc ("Allison") in April 2011, recovering much of the £4.8 million operating cash outflow in the year
 
One-off restructuring charges of £0.7 million in the year expected to yield cash savings of 31.4 million in first year (£1.8 million annualised)
 
Operational highlights
 
Substantial engineering programmes with our two lead commercial vehicle customers lead to successful installation of prototype transmissions in each customer's vehicle
 
Allison committed in April 2011 to £8.0 million in further licensing and Torotrak engineering support, moving to a multi-stage, production intent, transmission programme
 
Torotrak gearbox technology installed in Tata's Pixel concept car, highlighting opportunities in the small car market
 
Rapid progress with our key partners in developing Torotrak technology in engine downsizing and enhanced stop start hybrid systems

Full Report avilable on-line at http://www.torotrak.com/pdfs/annreps/Torotrak_Annual_Report_2011.pdf

General Note
The company situation as at May 2011


Torotrak has developed an infinitely variable transmission (IVT) which it is licencing to a number of American (MTD of Cleveland, Ohio and Allison Transmission Inc. of Indianapolis, Indiana), European (Carrao of Campodarsego, Padova, Italy and an as as yet unnamed European Truck and Bus manufacturer) and Far Eastern (Tata Motors of India and others) companies. The company's website can be found at http://www.torotrak.com/

EARLIER DEVELOPMENTS

June 5 2007. Kinetic Energy Recovery System by Torotrak for F1 Motor Racing

Toroidal traction drive specialist Torotrak plc and vehicle transmission design and manufacturing company Xtrac Ltd are pleased to announce that on 4 June 2007 they entered into a licence agreement to enable Xtrac to develop highly efficient and compact continuously variable transmissions (CVTs) for use in the new kinetic energy recovery systems (KERS) proposed for Formula One ('F1') motor racing.

In 2009, F1 is introducing new rules that will lower the environmental impact of the sport. Part of this is to recover deceleration energy that can be stored for acceleration. Xtrac will exploit Torotrak's full-toroidal traction drive technology for use in kinetic energy recovery systems within the motorsport industry, to assist its customers in meeting these new obligations.

Commenting on the co-operation between the two companies, Peter Digby, managing director of Xtrac, said: 'The transfer of world-class transmission technology from Torotrak, combined with the added value of Xtrac's expertise in the design and manufacture of transmissions for motorsport - and with clear potential to feed the resulting technical solution back into mainstream automotive use - is a good example of what I believe FIA President Max Mosley had in mind when he announced that Formula One should embrace an energy efficient future and open up the world of motorsport to new manufacturers'.

Dick Elsy, Chief Executive at Torotrak, added: 'We are delighted to be working with Xtrac on this exciting new application of our transmission technology, to provide a highly efficient KERS solution for initial application in motorsport, but with a clear opportunity to apply the system in mainstream road cars to provide performance, economy and greenhouse gas emission benefits.'

Over the last three years the size of the standard transmission has been repeatedly reduced so that it is now smaller than a 6 speed automatic transmission, but with significantly fewer parts and lower manufacturing costs, and there are now in addition a range of transmissions for all sizes of vehicles including a new mini transmission is being developed for a new Asian people's car that is proposed to retail for $2500. This transmission is currently undergoing trials on this car.

On March 22nd '07 came the expected announcement of the very first ever actual start of production of a Torotrak IVT by Infinitrak, the joint venture company formed between MTD of Cleveland, Ohio, and Torotrak. The IVTs will be used in a new version of MTD's i1000 Cub Cadet ride-on mowers. For the full announcement see this link to Torotrak's web site and follow the link under What's New, 22/03/07 (Note the British way of writing dates, day/month/year) :-

Many shareholders are pleased with the technical progress but still frustrated with the slow take up of the technology. One explanation is that the major transmission manufacturers have invested fortunes in 6 speed autos and they have to get the payback on their investment before they introduce replacement technology.

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PostSubject
#195   Great Announcement from Torotrak Lhasa 03/22/13 06:25:55 AM
#194   Interim Statement issued 17 Feb 2012 Lhasa 03/08/12 03:34:03 AM
#193   Press Release – Torotrak – Allison Nov 24 2011 Lhasa 11/24/11 01:31:39 PM
#192   New readers begin here Lhasa 07/05/11 03:42:02 PM
#191   Just in case nobody here knows about Allison Lhasa 04/13/11 03:55:31 PM
#190   Torotrak shares up 13% (5.25p) on this news Lhasa 04/13/11 10:04:11 AM
#189   Here comes that good news today from Allison Lhasa 04/13/11 10:00:22 AM
#188   Allison Transmission, Inc Corporation and Torotrak Lhasa 04/02/11 11:54:23 AM
#187   The first page of broker's latest Torotrak coverage Lhasa 03/23/11 03:07:14 PM
#186   Mass production promised for a Torotrak IVT Lhasa 03/22/11 03:31:08 AM
#185   From Carblogindia.com. Looks very much like the Pixel Lhasa 03/22/11 03:25:54 AM
#184   One Wheel Forward, One Back for Tata's Pixel Lhasa 03/16/11 11:23:04 AM
#183   Latest broker report now available (Nov 2010) Lhasa 11/26/10 04:48:47 AM
#182   I have kept this board alive until now Lhasa 12/31/08 01:02:19 PM
#181   I really want to believe this, dare I? Lhasa 12/05/08 03:55:18 PM
#180   The Latest Broker Report Lhasa 12/05/08 06:07:23 AM
#179   Chinese carmakers SAIC and Dongfeng have plans to Lhasa 11/28/08 11:21:52 AM
#178   Torotrak in line, reduces half-year losses Lhasa 11/25/08 06:55:37 AM
#177   Torotrak Interims out today Lhasa 11/25/08 03:47:30 AM
#176   From Automotive News 11-3-08 Lhasa 11/03/08 01:49:10 AM
#175   Is this THE bottom for Torotrak? Lhasa 10/30/08 12:16:44 PM
#174   Here's the latest on the Infinitrak web site Lhasa 10/18/08 10:34:22 AM
#173   Recent article about KERS, F1 and Torotrak Lhasa 10/07/08 05:54:24 AM
#172   Infinitrak web site now fully up and running Lhasa 09/16/08 10:48:16 AM
#171   Current irons in the fire Lhasa 09/01/08 02:10:00 AM
#170   Torotrak trading in line with market expectations Lhasa 07/24/08 03:50:39 PM
#169   Interim Management Statement Lhasa 07/24/08 07:34:33 AM
#168   Automotive jargon watch: flybrid Lhasa 07/10/08 02:40:36 PM
#167   Torotrak mentioned in Tata Motors Annual report Lhasa 07/03/08 02:41:55 AM
#153   Torotrak's Annual Report now available on the website Lhasa 06/24/08 10:49:08 AM
#152   Torotrak Technical Talk on KERS by Chris Brockbank Lhasa 06/23/08 04:28:49 AM
#151   I thought that it was a good report Lhasa 05/25/08 03:51:13 AM
#150   Now the CEO's Review Lhasa 05/20/08 11:36:14 AM
#149   The Financial and Operational Highlights Lhasa 05/20/08 11:29:53 AM
#148   Here is the link to the Annual Results Lhasa 05/20/08 09:34:57 AM
#147   Tata enters race for 100-mpg car Lhasa 05/19/08 02:26:42 AM
#146   Annual Results will be out on Tuesday Lhasa 05/16/08 02:02:53 AM
#145   Acknowledgements to CARL135 on the iii board Lhasa 05/14/08 03:47:03 PM
#144   £90m Gov Investment - TRK-Flybrid inc Lhasa 05/08/08 03:42:38 PM
#143   An exciting interview about KERS Lhasa 05/08/08 03:23:13 PM
#142   Actually, you can thank Meatloaf! dread50above 05/07/08 08:36:26 PM
#141   Thanks Dread Lhasa 05/07/08 01:44:35 PM
#140   Matt would have to do this. Unless dread50above 05/07/08 11:56:04 AM
#139   Good news for Torotrak's tie-up with Tata Lhasa 05/07/08 04:01:28 AM
#138   It's like Torotrak's IVT doesn't exist. Lhasa 05/07/08 03:54:05 AM
#137   How to get Torotrak's latest share price Lhasa 05/06/08 02:10:35 AM
#136   Kestrel Powertrains Lhasa 05/05/08 04:07:58 AM
#135   I believe that TRK:LN will find Torotrak's Lhasa 05/03/08 03:29:26 AM
#134   Dread50 or Matt, can we please please change Lhasa 05/02/08 01:21:26 PM
#133   Three links to good news for Torotrak Lhasa 04/14/08 11:53:34 AM
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