Orbital Corporation today announced a new license agreement with US company Polaris Industries for its air assisted direct injection technology.
Orbital Corporation today announced a new license agreement with US company Polaris Industries for its air assisted direct injection (OCP™) technology.
Polaris Industries of Minnesota, a major player in the manufacture of snowmobiles, motorcycles and all-terrain vehicles, has entered into a license to manufacture certain products utilising Orbital's DI technology.
The Polaris license agreement is significant for Orbital in that it opens up fresh commercial applications for its technology beyond traditional lines in the automotive, outboard engine and motorcycles sectors.
Orbital chief executive Dr. Rod Houston said that Polaris was a very good licensee for Orbital given its strong presence in the recreational market.
"It is a recognised leader in the snowmobile industry and one of the largest manufacturers of all terrain vehicles in the world," said Dr. Houston.
"The license agreement is quite wide-ranging in its potential product applications and could lead to a number of new products utilising air assist DI with associated royalty revenue streams."
Dr Houston said the latest license agreement was further evidence of the commercial importance and the environmental benefits of Orbital's direct injection technology.
"Emission controls are becoming tighter for a wide range of motorised vehicles and our technology delivers the required environmental effect along with technical excellence and commercial benefit," he said.
Polaris commenced operations in 1954 and in 2005 had annual sales of US$1.9 billion.