Helios Technologies Subsidiary Receives John Deere Supplier Innovation Award
March 01 2021 - 4:05PM
Business Wire
Helios Technologies, Inc. (Nasdaq: HLIO) (“Helios” or the
“Company) a global leader in highly engineered motion control and
electronic controls technology for diverse end markets, announced
today that its subsidiary, Faster S.r.l, has been selected as a
recipient of the John Deere Supplier Innovation Award for 2020 for
its multi-connection couplings with integrated valve system.
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The Helios Technologies multi-connection
couplings with integrated valve system (Photo: Business Wire)
The award is presented to a select group of Suppliers who have
demonstrated innovation in a product or service they provide to
John Deere. Award selections are based on four factors: creativity,
feasibility, collaboration, and bottom-line impact. John Deere
created the Supplier Innovation Awards in 2010 to promote
innovation in the Company's supply base and to recognize suppliers
who think creatively.
Josef Matosevic, the Company’s President and Chief Executive
Officer, commented, “We thank John Deere for this great honor. This
is a tremendous recognition for Helios Technologies’ vision and
progress towards smart hydraulics. Faster S.r.l. supplies quick
release couplings to John Deere operations throughout the world. In
synergy with our Sun Hydraulics LLC business, our engineering teams
have combined the advantages and features of MultiFaster® and Sun
electro-hydraulic cartridge valves into an integrated manifold,
reducing complexity and increasing reliability of the hydraulic
circuit as a result.” Mr. Matosevic added, “Our relationship with
Deere dates back more than 35 years, and we look forward to
extending our productive relationship well into the future."
About Helios Technologies
Helios Technologies is a global leader in highly engineered
motion control and electronic controls technology for diverse end
markets, including construction, material handling, agriculture,
energy, recreational vehicles, marine, health and wellness. Helios
sells its products to customers in over 85 countries around the
world. Its strategy for growth is to be the leading provider in
niche markets, with premier products and solutions through
innovative product development and acquisition. The company has
paid a cash dividend to its shareholders every quarter since
becoming a public company in 1997. For more information please
visit: www.heliostechnologies.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210301005870/en/
Tania Almond Vice President, Investor Relations & Corporate
Communications (941) 362-1333 tania.almond@HLIO.com
Deborah Pawlowski Kei Advisors LLC (716) 843-3908
dpawlowski@keiadvisors.com
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