Bonfiglioli and CVTCORP have signed a licensing agreement regarding transmissions. Under the terms of the deal, Bonfiglioli has an exclusive licensing agreement for Bonfiglioli to manufacture and sell CVTCORP’s patented mCVT technology for telehandlers and other equipment.
These innovative high-efficiency mechanical Continuously Variable Transmissions (mCVT) suits use in the off-highway market. The cooperation between Bonfiglioli and CVTCORP will include developing a full line of transmissions based on the currently available mCVT.
Included in this licensing agreement are the production transfer of the Ecomec 150, used in the Skyjack Ecoshift telehandler.
CVTCORP has developed a high-power, efficient and cost-effective mCVT which is currently available as the Ecomec 150, used in the latest Skyjack Ecoshift telehandler. The CVTCORP’s mCVT patented technology, the result of over 15 years of development, offers off-highway manufacturers a proven solution that can be adapted across a range of engine power outputs, providing claimed performance improvements of 20-30%.
“Bonfiglioli’s endorsement of our mCVT technology and their reputation as a high quality, global manufacturer will accelerate the commercialisation of our technology in the worldwide construction equipment market,” said Daniel Girard, founder and CEO of CVTCORP. “We are looking forward to assisting Bonfiglioli with moving forward rapidly into markets where our innovative mCVT technology enables engine downsizing, fuel reduction, increased safety and productivity,” Girard added. “CVTCORP will work with Bonfiglioli to continue its development of advanced controls and connectivity capabilities to optimise complete vehicle drivetrains and provide construction equipment customers with simple but cutting-edge technology.”
“Over the last several years, we have worked very intensively to enhance and enlarge our product portfolio in our core markets with excellent responses from our customers. A couple of years ago, when we came across CVTCORP’s technology, it was clear we were in front of a ‘game-changer’ and we immediately recognized the differentiating features such technology was offering and the diversification opportunity for our company leveraging on our market, technology and operational core competences,” said Fausto Carboni, Bonfiglioli CEO.
