Venture Highlights Eaton’s Growing Leadership in New Technology, Solutions that Advance Sustainability and Energy Efficiency
PITTSBURGH — (BUSINESS WIRE) — April 28, 2010 — Diversified industrial manufacturer Eaton Corporation (NYSE: ETN) today announced that it will collaborate with Takaoka Electric Manufacturing Company, Ltd. to develop and launch DC Quick Chargers, a key component in the charging of electric vehicle (EV) battery packs. The collaboration will enable Eaton to provide a complete line of charging stations across residential, commercial and industrial applications in North America.
“Through this collaboration, Eaton will bring its leadership in sustainability, energy efficiency and power distribution to the electric vehicle supply equipment market in North America,” said Richard Stinson, president, Power Distribution Operations – Americas, Eaton’s Electrical Sector. “We offer integrated hardware and a superior ability to design, build and support the infrastructure necessary to deliver this new technology to industry and consumers.”
Tokyo-based Takaoka Electric is a leader in the installation and operation of EV chargers and brings to the market extensive technical knowledge of all aspects of electric vehicle charging.
Eaton, a global power management leader with comprehensive facilities, field service and support, is currently working to advance the electric vehicle charging infrastructure in Burlington, Ontario, and many other communities across North America. Eaton has a wide range of expertise in other markets that use free-standing electrical charging, including truck-stop electrification, ports, marinas, recreational vehicles, government, and major public-sector infrastructure.
Takaoka Electric manufactures and sells electrical equipment primarily to the Japanese market. The company was founded in 1918 and employs 1,086 people. The revenue of fiscal year 2008, ended March 2009, was $438 million. The company offers power transformers (gas-insulated and oil-immersed), on-load tap changing transformers (gas-insulated and oil-immersed), distribution transformers, mobile transformers, and mold-type transformers; horizontal break, vertical break, and pantograph disconnectors, as well as on-load switches; and gas-insulated switchgear, cubicle-type gas-insulated switchgear, and gas circuit breakers.
Eaton’s electrical business is a global leader in power distribution, power quality, control and industrial automation products and services. Eaton’s global electrical product lines, including Cutler-Hammer®, Moeller®, Powerware®, Holec®, MEM®, Santak®, and MGE Office Protection Systems™ provide customer-driven PowerChain Management® solutions to serve the power system needs of the data center, industrial, institutional, government, utility, commercial, residential, and OEM markets worldwide.
Eaton Corporation is a diversified power management company with 2009 sales of $11.9 billion. Eaton is a global technology leader in electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Eaton has approximately 70,000 employees and sells products to customers in more than 150 countries. For more information, visit www.eaton.com.
Mark Horner, 412-893-3590