Helios Technologies Announces Taimi Swivel Cartridge Integration into the Distribution Channel of its Operating Company Sun Hydraulics

Rhea-AI Summary

Helios Technologies (NYSE: HLIO) announced the integration of Taimi Swivel Cartridges into its Sun Hydraulics distribution channel, expanding product offerings globally. This integration aims to enhance customer solutions, allowing entry into new markets such as forestry, marine, robotics, and construction. Sun Hydraulics will incorporate these new products into their catalog and QuickDesign program, expected to ship between Q2 and Q3 of 2023. Josef Matosevic, CEO, emphasized that this integration addresses diverse customer needs and broadens product capabilities. Helios has seen continuous innovation within its Hydraulic segment, and this move follows a year of record product development. This initiative also showcases a collaboration with Faster S.r.l., highlighting a strategic distribution partnership developed since October 2020.

Positive

• Integration of Taimi Swivel Cartridges enhances product offerings for Sun Hydraulics.
• Expected shipping of new products between Q2 and Q3 of 2023.
• Entry into multiple new markets including forestry, robotics, and marine.
• Demonstrates continuous innovation and growth in Helios's Hydraulic segment.

Negative

• None.

SARASOTA, Fla.--(BUSINESS WIRE)-- Helios Technologies, Inc. (NYSE: HLIO) (“Helios” or the “Company”), a global leader in highly engineered motion control and electronic controls technology for diverse end markets, announced today the integration of the Taimi Swivel Cartridges through the distribution channel of its operating company, Sun Hydraulics. The integration provides the expansion of product offerings for Sun’s longstanding sales distribution channels around the globe. The Sun offerings will include O-ring Face Seal (ORFS), British Standard Parallel Pipe (BSPP), and Joint Industry Council (JIC) hose connection types. These screw-in swivel couplings offer short and durable connections designed to withstand high pressures and side loads.

Josef Matosevic, the Company’s President and Chief Executive Officer, commented, “The integration of our Taimi Swivel Cartridge technology enables both Sun Hydraulics and Taimi to penetrate new end markets and diversify product offerings through our sales channels globally. We are successfully addressing our customers’ needs by broadening our offerings and providing highly differentiated products. These products address a larger range of applications allowing customers to create a more complete and customized integrated package solution.”

Sun Hydraulics is working with Taimi to integrate Taimi’s Swivel Cartridges into both the Sun Catalogue and the Sun QuickDesign™ program. This complementary technology allows Taimi’s uniquely designed components to synergize with Sun’s conventional high quality hydraulic solutions to enter new end markets. These include forestry, marine, offshore, robotics, cranes, underground and open pit mining, construction and demolition, agriculture, railway construction and maintenance, solar power, drilling and material handling.

Helios shares this news just weeks after announcing another year of record product line and technological innovation within its Hydraulic segment. The new offerings are expected to begin shipping between the second and third quarter of 2023.

Faster S.r.l., a separate Helios operating company, has been working with Taimi since October 2020 through a collaborative distribution arrangement and further exemplifies the integration strategy in place.

About Sun Hydraulics 
Founded in 1970, Sun Hydraulics is a leading designer and manufacturer of high-performance screw-in hydraulic cartridge valves and manifolds that control force, speed, and motion as integral components in fluid power systems. As a global operating company, Sun Hydraulics has continually enhanced its manufacturing capabilities and technological advancements, all while prioritizing the accustomed quality that customers around the world have come to expect. For more information please visit: www.sunhydraulics.com and follow us on LinkedIn.

About Helios Technologies 
Helios Technologies is a global leader in highly engineered motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine and health and wellness. Helios sells its products to customers in over 90 countries around the world. Its strategy for growth is to be the leading provider in niche markets, with premier products and solutions through innovative product development and acquisition. The Company has paid a cash dividend to its shareholders every quarter since becoming a public company in 1997. For more information please visit: www.heliostechnologies.com and follow us on LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230413005212/en/

Product/Solutions contact:

marketing@sunhydraulics.com

Investor and Media contact:

Tania Almond

Vice President, Investor Relations and Corporate Communication

(941) 362-1333

tania.almond@HLIO.com

Deborah Pawlowski

Kei Advisors LLC

(716) 843-3908 / (914) 598-7733

dpawlowski@keiadvisors.com / lkiernan@keiadvisors.com

Source: Helios Technologies, Inc.