Concentric said it recently received an order from a global OEM of heavy trucks and buses to produce electric oil pumps for hybrid applications.
Production will start in the second half of 2018 and is expected to generate revenues of around SEK38m (EUR4m; US$4.3m) across Europe over an eight year period, reaching volume of 8,000 annually in 2026.
The "exciting" new product "reinforces the company's reputation for reducing fuel consumption, increasing system efficiency, providing high power density and reducing noise", Concetric claimed.
It said its electric oil pump offers system power savings through its variable pressure and speed control capability with the additional benefits of low noise. It also offers on demand flow and variable speed capability.
The pump allows CAN bus communication between the motor and the vehicle's main control system to control pressure and flow on demand. This significantly reduces system losses compared to traditional mechanical drive systems, ensuring optimum performance.
David Woolley, president and CEO of Concentric , said: "This first major [order] for [our] new electric oil pump technology is another significant breakthrough in a market driven by increased electrification and control. Our modular design strategy is ideally suited for a wide range of applications for emerging hybrid electric vehicles."
The pump was developed with an unnamed "leading supplier of electric motors", resulting in a permanent magnet, brushless DC motor with integrated motor drive electronics. The elimination of brush wear contributes to the unit's ability to operate continuously and trouble free.
Concentric specialises in flow control and fluid power for truck, agricultural machinery, construction equipment and industrial applications. It has factories in the UK, US, Germany, Sweden, India, China and Argentina. As well as oil, fuel transfer and water pumps for diesel engines, the group also makes lubrication pumps for transmissions and compressors within its range of engine products.