Sun Hydraulics and Sturman Industries enter licensing agreement for digital valves
Sun Hydraulics, a designer and manufacturer of high performance screw-in hydraulic cartridge valves and manifolds, and process controls specialist Sturman Industries have entered into a Technology License Agreement related to the use of Sturman's digital valve technology.
Under the agreement, Sun will manufacture and sell valves which incorporate Sturman digital valve actuation technology into screw-in cartridge valves used in fluid power markets.
'Customers are asking for products which are smaller in size, lighter in weight, use less power, are less expensive and operate faster. New electro-hydraulic cartridge valves under development as a result of Sun teaming up with Sturman will provide these features and create new markets for Sun,' says Allen Carlson, Sun's CEO and president.
'We are very happy to be partnering with Sun Hydraulics to bring Sturman's digital valve technology to Sun's customers,' says Carol Sturman, president of Sturman Industries. 'Under the agreement with Sun, Sturman will perform the research and development for select new valve products, while Sun will be responsible for production engineering, manufacture and commercialisation of them. We're pleased to support Sun in bringing forward solutions that can benefit the hydraulics industry.'
Carlson adds, 'We look forward to bringing these exciting new products to market during 2015. We believe there are next generation applications in the mobile and industrial segments which can benefit from the use of digital valve technology.'