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MTS Receives Innovation Award From Ferrari S.p.A.
Aug 17, 2010 (05:08 PM EDT)
EDEN PRAIRIE, Minn., Aug. 17 /PRNewswire-FirstCall/ -- MTS Systems Corporation (Nasdaq: MTSC) announced the receipt of the Podio Ferrari 2010 Innovation Award for technology advancements designed for Formula 1 race cars. The award was presented by Stefano Domenicali, Scuderia Ferrari Team Principal, to MTS chair, Laura B. Hamilton, in Maranello, Italy, "for the uniqueness of the company's attitude toward innovation and its competence, relaunching the KERS challenge for the 2011 F1 season."
"Our partnership with Ferrari is a great example of how partnering moves the world forward. In this case, the partnership was on KERS (Kinetic Energy Recovery System), which is all about energy efficiency. We are very honored and we look forward to the next challenge ahead with Ferrari," said Laura B. Hamilton, chair and chief executive officer, MTS Systems Corporation.
MTS Systems Corporation has provided state-of-the-art aerodynamic, durability, and performance testing solutions to Ferrari for more than a decade, including a wind tunnel rolling-road and an electric Formula1 transmission test system. MTS continues to improve the Kinetic Energy Recovery System (KERS) and plans to extend electric motor innovations to mechanical test and measurement systems for materials, structures and vehicles.
About MTS Systems Corporation
MTS Systems Corporation is a leading global supplier of test systems and industrial position sensors. The Company's testing hardware and software solutions help customers accelerate and improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures. MTS' high-performance position sensors provide controls for a variety of industrial and vehicular applications. MTS had 2,015 employees and revenue of $409 million for the fiscal year ended October 3, 2009. Additional information on MTS can be found on the worldwide web at http://www.mts.com
SOURCE MTS Systems Corporation