Haldex Brake Systems has teamed up with a company that hopes to get at least 15 percent of a collision avoidance systems market currently dominated by Eaton VORAD.
Haldex has formed a strategic alliance with Altra Technologies of Minneapolis, which has developed electronic collision avoidance systems for commercial vehicles, and made a $3 million equity investment in the company.
The total worldwide market for collision avoidance systems on commercial vehicles is forecast to show a rapid growth and is estimated to exceed $500 million in five years, according to Haldex.
Haldex will market the Altra Technologies collision avoidance system, which features Altra's patented SmartSensors. Each unit contains a special radar sensor and built-in software to analyze possible collision hazards without the need for an expensive central computer. The SmartSensors can be deployed on the perimeter of any vehicle to guard against the most common accidents. Local processing of hazard data makes for easy installation and tailoring of systems for each vocation.
Altra Technologies has also developed a hybrid sensor that combines ultrasonic and radar technologies for obstacle detection while reversing.
Haldex and Altra will cooperatively develop collision avoidance and other radar-based vehicle systems for commercial vehicles. Future projects will integrate Altra Technologies' sensors into Haldex' Electronic Braking and Stability Control systems to provide active collision avoidance capability.
As part of the alliance, Haldex has made a $3 million minority investment in Altra Technologies.
Haldex has formed a strategic alliance with Altra Technologies of Minneapolis, which has developed electronic collision avoidance systems for commercial vehicles, and made a $3 million equity investment in the company.
The total worldwide market for collision avoidance systems on commercial vehicles is forecast to show a rapid growth and is estimated to exceed $500 million in five years, according to Haldex.
Haldex will market the Altra Technologies collision avoidance system, which features Altra's patented SmartSensors. Each unit contains a special radar sensor and built-in software to analyze possible collision hazards without the need for an expensive central computer. The SmartSensors can be deployed on the perimeter of any vehicle to guard against the most common accidents. Local processing of hazard data makes for easy installation and tailoring of systems for each vocation.
Altra Technologies has also developed a hybrid sensor that combines ultrasonic and radar technologies for obstacle detection while reversing.
Haldex and Altra will cooperatively develop collision avoidance and other radar-based vehicle systems for commercial vehicles. Future projects will integrate Altra Technologies' sensors into Haldex' Electronic Braking and Stability Control systems to provide active collision avoidance capability.
As part of the alliance, Haldex has made a $3 million minority investment in Altra Technologies.
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