Moog-Lotus Announce Joint Venture
EAST AURORA, N.Y. (AP) _ Moog Inc., and Lotus Engineering of Great Britain have formed a joint venture to develop computerized suspension control systems for cars, trucks and other vehicles, both companies announced Monday.
Terms of the agreement were not disclosed.
The new company, Moog-Lotus Systems Inc., will use computers, sensors and high-speed hydraulics to perform the functions of conventional springs and shock absorbers, said Moog spokesman G.V. Boyler.
The system, which can be used for cars, trucks, military transports and aircraft landing gear, is designed to improve handling response, control and comfort, Boyler said.
Moog, based in East Aurora with 13 subsidiaries outside the United States, produces mechanical and electronic control components. Last year, it earned $9.81 million, or $1.12 per share, on revenue of $241 million.
Lotus Engineering provides high technology research and development services worldwide.