MTS and FKFS Celebrate the Grand Opening of the World's Most Advanced Wind Tunnel
EDEN PRAIRIE, Minn., Nov. 10, 2014 /PRNewswire/ -- MTS Systems Corporation (NASDAQ: MTSC), a leading global supplier of high-performance test systems and position sensors, today announced the grand opening of a new state-of-the-art wind tunnel and rolling road system with the Research Institute of Automotive Engineering and Vehicle Engines Stuttgart (FKFS) in Stuttgart, Germany. The inaugural celebration was held on November 3, 2014. Over 100 Government dignitaries and industry leaders participated, along with representatives from MTS and FKFS.
"Our new wind tunnel offers the most advanced technology in the world today," stated Mr. Armin Michelbach, FKFS' Wind Tunnel Operations Manager. "The new system delivers on our commitment to accuracy and repeatability. A recent customer could not believe the results and the accuracy of the tests." Mr. Michelbach is renowned throughout the industry for his wind tunnel management expertise.
Accuracy and repeatability are two of the critical attributes of the MTS Rolling Road Systems. The new three-belt/five-belt Rolling Road, with MTS-exclusive dynamic platform balance, that has been installed at FKFS is a first-of-its-kind. The platform allows for interchangeable belt configurations, minimizing the investment and maximizing the utility of the system. In addition, the high-speed stainless-steel belt technology developed by MTS is the only solution capable of meeting the demanding technical requirements of this system. The new state-of-the-art balance technology delivers unprecedented precision and repeatability for measuring aerodynamic forces on a vehicle.
"This new system enables peak measurement precision and high-accuracy model-and-wheel motion simulations," commented Bill Bachrach, Sr. Vice President and General Manager of MTS Test and Sensors. "This was a highly complex project, involving more than 150 people and 55,000 man-hours to design, test, install and commission the FKFS system. I am proud of our team's commitment to making this a success."
"We believe our expertise alongside of MTS' expertise is unmatched by anyone else in the industry," stated Pf. Dr. Jochen Wiedemann, Director of the Automotive School and chair of the Automotive Engineering Board. "Utilizing FKFS first patented technology (Fully Interchangeable Road Simulation Technology) based on a three-five belt ground system, we believe that we now have the best rolling road system in the world, which includes the newly designed balance capabilities. The data we are getting is now the best data in the world."
"MTS was delighted to participate in the grand opening for this unique system designed for FKFS," shared Dr. Jeffrey Graves, President and Chief Executive Officer of MTS. "Our long-standing collaboration with industry leaders such as FKFS is one of the attributes that makes us unique. Together, we accomplished our goal to once again push the edge of technology beyond what is known."
About MTS Systems Corporation
MTS Systems Corporation's testing hardware, software and services solutions help customers accelerate and improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures. MTS' high-performance position sensors provide controls for a variety of industrial and vehicular applications. MTS had 2,299 employees at September 28, 2013 and revenue of $569 million for the fiscal year ended September 28, 2013. Additional information on MTS can be found at http://www.mts.com.
About FKFS
The Research Institute of Automotive Engineering and Vehicle Engines Stuttgart (FKFS) is one of the best-known German development service providers and co-operates closely with the Institute of Internal Combustion Engines and Automotive Engineering of the University Stuttgart. The FKFS with its more than 170 highly qualified employees operates a variety of state-of-the art measuring and testing facilities including a full-scale vehicle wind tunnel.
This release contains "forward-looking statements" made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that are subject to certain risks and uncertainties, as well as assumptions, that could cause actual results to differ materially from historical results and those presently anticipated or projected. Words such as "may," "will," "should," "expects," "intends," "projects," "plans," "believes," "estimates," "targets," "anticipates," and similar expressions identify forward-looking statements in the release.
Forward-looking statements are based on our current expectations and assumptions, which may not prove to be accurate. Many factors could cause actual results to differ materially and adversely from these forward-looking statements. Among these factors are risks related to: government contracting; the Company's significant international business including but not limited to currency value fluctuations, difficulty enforcing agreements and collecting receivables, import and export matters, higher danger of terrorist activity, difficulty in staffing and compliance with laws; volatility in the global economy; competition; failure to achieve the Company's growth plans for the expansion of its business because the Company's long-term success depends on its ability to expand its business through new product development, mergers and acquisitions, geographic expansion and service offerings, all of which are subject to inherent risks including but not limited to market demand, market acceptance of products and the ability to advance technology; costs related to development and manufacture of first-of-its-kind products; difficulties obtaining the services of skilled employees; the implementation of business process changes and associated restructuring of the Test business; failure to protect its intellectual property effectively or infringement upon the intellectual property of others; product liability claims and commercial litigation; difficulty obtaining materials or components for its products; government regulation; the irregularity and development of sales, delivery and acceptance cycle for the Company's products; the Company's customers are in cyclical industries; interest rate fluctuations; the Company may be required to recognize impairment charges for long-lived assets; and cost, reputational and other risks associated with disclosing use of conflict minerals. For a more thorough discussion of the risks associated with our business, see the "Risk Factors" section in the Company's most recent SEC Form 10-K, 10-Q and 8-K filings. Except as required by law, the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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SOURCE MTS Systems Corporation
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