Helios Technologies Introduces the Next Display Platform™

Rhea-AI Summary

Helios Technologies (NYSE: HLIO) introduces the Next Display Platform™, a flexible system designed for diverse end markets. It combines cost-effective features with high-resolution displays, enhancing user experience. Initially available in 5-inch and 7-inch sizes, the platform will support Bluetooth, Wi-Fi, and various interfaces, facilitating OEMs in seamlessly integrating advanced functionalities into their products. Set for full production in Q1 2023, this innovation marks a strategic shift towards an open, Linux-based operating system.

Positive

• Launch of the Next Display Platform™ designed for diverse end markets.
• Offers cost-effective and high-resolution display options.
• Initial sizes available in 5-inch and 7-inch with advanced features.
• Supports an open, Linux-based operating system, enhancing flexibility for OEMs.
• Full production slated for Q1 2023, promising timely market entry.

Negative

• None.

Innovative open platform electronic displays bring value and functionality to broader end markets

SARASOTA, Fla.--(BUSINESS WIRE)-- Helios Technologies (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 launch of the Next Display Platform™. This is a flexible, integrated bundle of core features and technologies allowing Helios to bring lighter, faster and more cost-effective control systems to new end markets.

New Next Display Platform™ (Photo: Business Wire)

“The new Next Display Platform™ is a major opportunity for our customers in industries where a robust, ruggedized, sophisticated, high-resolution display had previously not been an economical option,” said Josef Matosevic, the Company’s President and Chief Executive Officer. “With the Next Display Platform™, we are excited to help customers experience both the value and the simplicity of touchscreen control through an enhanced end-user’s experience on more equipment in more places.”

The Next Display Platform™ will be available from brands in Helios’ Electronics segment. Initially, it will be offered in 5-inch and 7-inch sizes with software and hardware benefits appealing to equipment manufacturers across a variety of market segments. The platform will be available in full production quantities starting in the first quarter 2023.

“One of the most important advantages of the Next Display Platform™ is that it runs on an open, Linux-based operating system which is a new design approach for Helios,” said Doug Conyers, Vice President of Helios Center of Engineering Excellence. “This means that customers will be able to leverage a larger ecosystem of talent and resources to scale their applications, extend machine functionality and bring new customer solutions to the market more quickly.”

Core hardware features designed into the new platform provide OEMs the ability to take full control of equipment. This includes Bluetooth and Wi-Fi wireless communications, as well as CAN and RS-485 interfaces. It will also allow for digital and analog inputs, low-side outputs, and a touchscreen designed for wet and dry use.

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. 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220914005283/en/

Investor and Media contact:

Tania Almond

Vice President of Investor Relations, Corporate Communication and Risk Management

(941) 362-1333

tania.almond@HLIO.com

Deborah Pawlowski

Kei Advisors LLC

(716) 843-3908

dpawlowski@keiadvisors.com

Source: Helios Technologies

FAQ

What is Helios Technologies' Next Display Platform?

The Next Display Platform is a flexible system launched by Helios Technologies, designed to enhance user experience with cost-effective, high-resolution displays.

When will the Next Display Platform™ be available for production?

The Next Display Platform™ will be available in full production quantities starting in Q1 2023.

What sizes will the Next Display Platform™ offer?

The platform will initially offer display sizes of 5-inch and 7-inch.

What advantages does the Next Display Platform™ provide to OEMs?

The platform supports a Linux-based operating system, allowing OEMs to leverage wider resources for scaling applications and functionalities.

How does Helios Technologies plan to impact diverse markets with this platform?

Helios aims to provide industries with robust, sophisticated displays that were not previously economical, thereby expanding their market presence.