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Columbus,
OH -- August 12, 2010 - The Electromechanical Division of Parker Hannifin
(NYSE: PH), a leading supplier of motion control equipment, has entered
into a product development and distribution agreement with AMT Machine
Systems (AMT) of Columbus, OH, to address the growing integrated motor
control (IMC) market. Under the agreement, AMT will develop an
intelligent servomotor drive, which incorporates motor control, I/O,
motion control capability, and network communications, to be integrated
with Parker Hannifin's MPP series servomotors.
"AMT's
IMC technology has been used successfully for more than 7 years in a very
challenging motion control application. This means a faster time to
market with a proven, field-hardened product, which is key for Parker
Hannifin," said division marketing manager, Parker Hannifin Electromechanical
Division, John Guite.
The
IMC drive being developed by AMT is based on its field-proven CyberDrive™
intelligent drive. The CyberDrive™ module incorporates motor
control, driver electronics, and Ethernet POWERLINK communications,
which, when integrated with the MPP series servomotors, results in a line
of high-performance, integrated, intelligent servomotors for industrial
motion control.
The
new integrated intelligent servomotor will be marketed by Parker Hannifin
through its worldwide distribution network starting in 2011. Joe Bioty,
president & CEO of AMT Machine Systems, said, "The agreement
with Parker Hannifin is significant for us because it enables us to
market our exciting CyberDrive™ technology through a
highly-respected world-wide distribution channel. This will give AMT
access to customers and applications that we could never have reached on
our own."
With annual sales exceeding
$10 billion in fiscal year 2010, Parker Hannifin is the world's leading diversified
manufacturer of motion and control technologies and systems, providing
precision-engineered solutions for a wide variety of mobile, industrial
and aerospace markets. The company employs approximately 55,000 people in
46 countries around the world. Parker has increased its annual dividends
paid to shareholders for 54 consecutive years, among the top five
longest-running dividend-increase records in the S&P 500 index. For
more information, visit the company's web site at www.parker.com, or its investor
information site at www.phstock.com
.
AMT Machine Systems, Ltd.,
has been providing products and services that improve manufacturing
productivity for over 10 years. Their systems are used to optimize the
manufacturing of parts for numerous industries including automotive,
aerospace, electronics, fasteners/hardware, medical, plumbing, and
telecommunications. AMT's advanced CyberNet™ control architecture
has been used in several hundred of their ServoCam® UltraSlide™ and UltraTurn™
systems that are installed and operating in manufacturing facilities
across the U.S. and Canada. For more information on AMT, visit www.amtmachinesystems.com.
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