Ricardo, Inc. Completes Asset Purchase of Santa Clara Facility

VAN BUREN TOWNSHIP, Mich., Jan. 20, 2014 /PRNewswire/ -- Ricardo, Inc., a multi-industry consultancy for engineering, technology, project innovation and strategy, announced today that the company has completed the asset purchase of a technical center in Santa Clara, Calif., with development and testing capabilities for aftertreatment systems used with gasoline, diesel, dual-fuel and natural gas powered engines, as well as for fuel cell development and testing. This world-class technical center is Ricardo's third in the United States, with the other two located in Detroit and Chicago.

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The 20,000 square foot facility reinforces Ricardo's leadership in aftertreatment test and development capabilities, while engineers at the center add 25 years of catalyst expertise. Test facilities include accelerated catalyst hydro-aging test equipment, a synthetic gas reactor lab for rapid evaluation and modeling of aftertreatment components and systems under both steady-state and transient conditions, and fuel cell testing capabilities for solid oxide and proton exchange membrane fuel cells. The technology and know-how minimize the product development cycle, reduce cost and accelerate time to market. With the ever growing demand to reduce emissions and improve fuel economy, the combined aftertreatment and combustion expertise available at the new facility adds exceptional value to Ricardo's offerings in a region that is leading the country – and arguably the world – in low NOx and GHG emissions programs and legislation.

"We are delighted to now have a facility in the heart of Silicon Valley," said Tom Apostolos, president of Ricardo, Inc. "The new Ricardo Santa Clara Technical Center expands our ability to serve our clients with world class aftertreatment engineering and testing capability, and leading edge fuel cell technology. In addition, we will leverage the location to expand our rapidly growing clean energy and connected and autonomous vehicle technology portfolio."

About Ricardo PLC

Ricardo plc is a global, world-class, multi-industry consultancy for engineering, technology, project innovation and strategy. Our people are committed to providing outstanding value through quality engineering solutions focused on high efficiency, low emission, class-leading product innovation and robust strategic implementation. With almost a century of delivering value through technology, our client list includes the world's major transportation original equipment manufacturers, supply chain organizations, energy companies, financial institutions and governments. Guided by our corporate values of respect, integrity, creativity & innovation and passion, we enable our customers to achieve sustainable growth and commercial success. Ricardo, Inc. is the US subsidiary of Ricardo plc. For more information, visit www.ricardo.com.

Media Contact:

Laura Dillmann / Marketing and Communications Manager / (734) 394-3916 / [email protected]

Anthony Smith / Ricardo Media Office / +44 (0)1273 382710 / [email protected]

SOURCE Ricardo, Inc.

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