Motorcar Parts of America Receives Diagnostic Equipment Order From NASA
July 10 2019 - 8:00AM
Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced
its wholly owned subsidiary D&V Electronics USA has received an
order from NASA Glenn Research Center (GRC) for high-power direct
current emulators to be utilized for development of hybrid electric
aircraft testing applications. Terms of the contract were not
disclosed.
NASA GRC researchers are developing new applications for the use
of electric motors in future aircraft propulsion systems. The DC
emulators will be utilized in conjunction with other equipment to
emulate the electric motor and power generation sub-systems of an
aircraft to determine key specifications for electric Vertical
Takeoff and Landing (eVTOL) systems.
“The utilization of our innovative and leading emulator systems
by NASA is particularly exciting, and it highlights the
opportunities we envision as electrification gains continued
momentum,” said Selwyn Joffe, chairman, president and chief
executive officer.
“Our emulators provide a scalable test platform for NASA and
enable flexibility to modify and test performance characteristics
on the fly. This flexibility provides significant time and cost
savings by eliminating the need to purchase multiple physical
motors and associated test equipment required to support a myriad
of potential configurations,” said David Eddy, general manager of
D&V Electronics USA.
Electronic propulsion opens the VTOL aircraft design space by
harnessing concepts such as distributed electronic propulsion
(DEP), as well as facilitating new approaches to wing-borne VTOL.
“D&V Electronics’ DC emulators offer significant benefits to
research in this area and we look forward to a fruitful
relationship with NASA GRC,” Eddy added.
Motorcar Parts of America, Inc. is a
remanufacturer, manufacturer and distributor of automotive
aftermarket parts -- including alternators, starters, wheel bearing
and hub assemblies, brake master cylinders, brake power boosters,
rotors, brake pads and turbochargers utilized in imported and
domestic passenger vehicles, light trucks and heavy-duty
applications. In addition, the company designs and
manufactures test solutions for performance, endurance and
production testing of electric motors, inverters, alternators,
starters, and belt starter generators for the OE, aerospace and
aftermarket. Motorcar Parts of America’s products are sold to
automotive retail outlets and the professional repair market
throughout the United States and Canada, with facilities located in
New York, California, Mexico, Malaysia, China and India, and
administrative offices located in California, Tennessee, Mexico,
Singapore, Malaysia and Canada. Additional information is available
at www.motorcarparts.com.
Forward-Looking StatementsThe Private
Securities Litigation Reform Act of 1995 provides a “safe harbor”
for certain forward-looking statements. The statements contained in
this press release that are not historical facts are
forward-looking statements based on the company’s current
expectations and beliefs concerning future developments and their
potential effects on the company. These forward-looking statements
involve significant risks and uncertainties (some of which are
beyond the control of the company) and are subject to change based
upon various factors. Reference is also made to the Risk
Factors set forth in the company’s Form 10-K Annual Report filed
with the Securities and Exchange Commission (SEC) in June 2019 and
in its Forms 10-Q filed with the SEC for additional risks and
uncertainties facing the company. The company undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as the result of new information, future events
or otherwise.
CONTACT:
Gary S. Maier
(310) 471-1288
Motorcar Parts and Assoc... (NASDAQ:MPAA)
Historical Stock Chart
From Mar 2024 to Apr 2024
Motorcar Parts and Assoc... (NASDAQ:MPAA)
Historical Stock Chart
From Apr 2023 to Apr 2024