Haldex and SKF announce a product development cooperation

Haldex and SKF have decided to jointly develop an advanced wheel end system for commercial vehicles, trucks, buses and trailers. The system will be based on Haldex’ new generation of disc brakes with a Fixed Caliper Dual Disc concept and SKF’s truck hub, bearing and sealing technology.

By integrating Haldex new high performance Dual Disc braking system into SKF proven hub unit technology, a much more compact and efficient product can be created – offering great potential to improve safety, performance and optimizing vehicle design. This product concept will also give vehicle builders ability to optimizing installation space requirements in the future. In addition, when compared to today’s technical solutions, fleet operators can benefit from longer brake service life time and increased uptime, higher performance in combination with reduced vehicle weight and the potential for increasing payload capacity. The system is also designed to offer easier brake maintenance and replacement. As the concept is further refined during 2005, the companies will begin to work with interested customers. Tom Johnstone, CEO of SKF: “This partnership with Haldex gives us the opportunity to develop an innovative solution that meets the safety and performance needs of our common customers. The partnership with Haldex confirms SKF’s ambition to be a leading knowledge engineering company.” Claes Warnander, CEO of Haldex, added: “The cooperation with SKF is an example of how the strength factors in different companies can be combined to create new business opportunities and shows that Haldex seeks to be in the forefront of braking technology for heavy commercial vehicles.” For further information from Haldex AB contact Claes Warnander, CEO, phone +46 8 545 049 50, e-mail claes.warnander@haldex.com Lennart Hammargren, CFO, phone +46 8 545 049 50, e-mail lennart.hammargren@haldex.com For further information from AB SKF contact: PRESS: Lars G. Malmer, SKF Group Communication, phone +46 31 337 1541, e-mail: Lars.G.Malmer@SKF.com IR: Marita Björk, SKF Investor Relations, phone +46 31 337 1994, e-mail: Marita.Bjork@skf.com