Universal Automotive Reports Independent Testing of New Friction Compound Reflects an 85% Reduction in Brake Dust
07 2월 2005 - 10:30PM
PR Newswire (US)
Universal Automotive Reports Independent Testing of New Friction
Compound Reflects an 85% Reduction in Brake Dust ALSIP, Ill., Feb.
7 /PRNewswire-FirstCall/ -- Universal Automotive Industries, Inc.
(NASDAQ:UVSL), one of the fastest growing manufacturer/distributors
of brake parts for the $2.3 billion U.S. automotive brake part
aftermarket, is pleased to announce that test results for its new
friction compound code, named Kev11X, demonstrated an 85% reduction
in dust generation versus original equipment disc brake pads. The
testing was performed by Link Testing Laboratories. Based in
Detroit, Michigan, Link is one of the largest independent brake
material testing laboratories in the world. Universal's new
friction compound code, Kev11X, has been designed to specifically
address dusting problems on European sport and luxury vehicles.
Arvin Scott, President and CEO, said, "The test results were far
better then we expected. Our engineering team has done a fantastic
job focusing on developing a low dust, high performance disc brake
pad to address the ugly, dark dust on shiny alloy wheels. I'm
certain there are hundreds of thousands, if not millions, of
consumers that are anxiously awaiting the production of a new,
revolutionary product like Kevl 1X. However, we have not completed
all phases of testing. Shortly, we will begin on-vehicle
performance testing. I expect the next phase of testing to be
completed over the next 120 days and look forward to sharing those
follow-on results, as well." About Universal Automotive Industries,
Inc. Universal Automotive Industries distributes and manufactures
brake rotors and other brake parts, under its trademarks UBP --
Universal Brake Parts, Evolution and Ultimate in the United States
and Canada and its proprietary Autospecialty, ValuMaxx and
PowerStop brands. The Company also provides TRW-branded brake
rotors and drums and suspension products. This news release
contains certain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934 as amended, which are
intended to be covered by safe harbors created thereby. Such
forward-looking statements, including the risks referenced in the
Company's filings with the Securities & Exchange Commission,
and other factors may cause the actual results, performance or
achievements of the Company to be materially different from those
expected by the Company. The Company is also subject to the risks
and costs associated with the further development and testing of
Kevl 1X, its commercialization, acceptance by consumers and risks
of competitive solutions even if the product can be successfully
commercialized. FOR MORE INFORMATION, PLEASE CONTACT: Elite
Financial Communications Group, LLC Investor Relations Kerri
Carothers, Account Executive 407-585-1080 or via email at
DATASOURCE: Universal Automotive Industries, Inc. CONTACT: Investor
Relations - Kerri Carothers, Account Executive of Elite Financial
Communications Group, LLC, +1-407-585-1080, , for Universal
Automotive Industries, Inc. Web site: http://www.autospecialty.com/
Copyright
Universal Automotive Industries (NASDAQ:UVSL)
과거 데이터 주식 차트
부터 1월(1) 2025 으로 2월(2) 2025
Universal Automotive Industries (NASDAQ:UVSL)
과거 데이터 주식 차트
부터 2월(2) 2024 으로 2월(2) 2025
Universal Automotive Industries - Common Stock (MM) (나스닥)의 실시간 뉴스: 최근 기사 0
More Universal Automotive Industries (MM) News Articles