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Allison Transmission Holdings, Inc. (NYSE: ALSN) stands as the world's largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles, and a leader in hybrid-propulsion systems for city buses. Founded in 1915, Allison is headquartered in Indianapolis, Indiana, USA, and employs approximately 2,700 people worldwide. The company boasts a strong global presence with operations in over 80 countries and regional headquarters in the Netherlands, China, and Brazil.
Allison's products are utilized in a diverse array of applications, including refuse, construction, fire, distribution, bus, motorhomes, defense, and energy sectors. Their transmissions are designed to enhance fuel and operator efficiency, making them a preferred choice over manual and automated manual transmissions. With a commanding presence in the on-highway business, Allison holds about 60% of the global market share in Class 4-8 trucks, buses, and certain heavy-duty passenger vehicles like motorhomes.
Committed to innovation, Allison is at the forefront of developing electric hybrid propulsion systems and e-powertrains, extending its technological reach into sustainable transportation solutions. A testament to this commitment is the recent partnership with New Flyer to equip New Orleans' buses with Allison's eGen Flex® electric hybrid propulsion system, offering enhanced sustainability and emergency preparedness capabilities.
Allison also prides itself on a robust and expansive service network, with approximately 1,600 independent distributor and dealer locations worldwide. Recent expansions include a new authorized service location in Rwanda and collaborations with major partners such as Penske in Australia and Polska Grupa Zbrojeniowa in Europe, ensuring comprehensive support and service availability for their products globally.
Financially, Allison continues to show strong performance. In the first quarter of 2024, the company reported record net sales of $789 million, driven by robust demand across various markets and strategic price increases. Despite industry challenges, Allison has maintained a prudent balance sheet, focusing on a low-cost, flexible debt structure and continued capital returns to shareholders through share repurchases and increased dividends.
Allison's venture arm, Allison Ventures, further underscores their dedication to future growth and innovation by committing $10 million to EnerTech Capital, aiming to access and leverage emerging automotive technologies. This strategic investment aligns with Allison's broader efforts to enhance its innovation pipeline across commercial mobility and work solutions.
For more detailed information on Allison Transmission's products, services, and latest developments, visit allisontransmission.com.
Allison Transmission introduces the Allison FracTran® to China's energy market, following its successful launch in North America in 2021. The transmission, designed for the fracturing industry, will be showcased at the 23rd China International Petroleum & Petrochemical Technology and Equipment Exhibition (CIPPE) from May 31 to June 2.
The FracTran's expansion into China represents a potential $100 million annual revenue growth for Allison's global Off-Highway end market. It features eight gear ranges, multiple gear ratios, and a current rating of 3,300 horsepower and 10,000 lb.-ft. of input torque, with the capability to reach 3,500 horsepower without hardware modifications. The transmission also includes advanced diagnostics and an onboard remote information system.
Allison Transmission, through its collaboration with Foton, is exporting 400 compressed natural gas (CNG) buses to Nuevo Leon, Mexico, as part of the state's public transportation modernization. The partnership has contributed to double-digit growth in export bus sales for Allison in China last year. The buses are designed to enhance fuel efficiency and lower emissions, featuring Allison's Torqmatic® Series automatic transmission and a Cummins engine. The initiative supports sustainability efforts in public transport for Nuevo Leon. Allison also partners with other Chinese manufacturers to supply various international markets, demonstrating significant growth in the transit bus segment.
Allison Transmission Holdings Inc. (NYSE: ALSN) has announced its first quarter 2023 financial results conference call scheduled for 5:00 p.m. EDT on April 27, 2023. Chairman and CEO David S. Graziosi and CFO G. Frederick Bohley will discuss the company's financial performance. The press release with the financial results will be available after market close on the same day. Participants can join the conference call via dial-in or through a live webcast at ir.allisontransmission.com. A replay will be accessible from 9:00 p.m. EDT on April 27 until 11:59 p.m. EDT on May 11, 2023. Allison Transmission is recognized as a leader in vehicle propulsion solutions and is headquartered in Indianapolis, Indiana, with a global presence in over 150 countries.
Allison Transmission has expanded its partnership with SANY by signing a Letter of Intent to supply its Allison 4000 Series™ transmission for the SKT105 wide body mining dump truck in the Indian market. This collaboration marks SANY as the first OEM to manufacture WBMD trucks outside of China, creating an opportunity worth $100 million in annual revenue for Allison. The Allison 4000 Series transmission is specifically designed for harsh mining environments, enhancing vehicle performance and productivity. This partnership aims to leverage joint success in the Chinese market to foster innovation and growth in India.
Allison Transmission has secured a follow-on contract from the U.S. Army for its Allison 2500 Specialty Series™ transmission for the JLTV A2 version. This follows the successful use of over 19,000 units since 2015. The contract was awarded on February 9, 2023, with deliveries expected in approximately 18 months. The Army's acquisition plan anticipates over 55,000 JLTV A1 & A2 vehicles over the next 20 years, with international orders expanding the market. The company emphasizes fuel efficiency and combat effectiveness, marking continued confidence in its products.
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