European Top Racing Team Will Use Traction Technology Developed by ASHA Corporation
14 August 1997
European Top Racing Team Will Use Traction Technology Developed by ASHA CorporationSANTA BARBARA, Calif., Aug. 14 -- ASHA Corporation announces that it has signed an agreement with Automobiles Peugeot of Velizy, France, to develop GERODISC(TM) differentials for its race cars which compete in the German Supertourisme and Belgian Sedan racing series. The agreement covers purchase of racing differential units containing ASHA's patented traction technology, and exclusivity fees during 1997-98. Financial details were not disclosed. Peugeot is a leading French automobile manufacturer and is the reigning German and Belgian racing champion. The German Supertourisme series is now widely recognized as the major league of touring sedan racing. "The formal agreement with Peugeot is a major accomplishment for ASHA in Europe and for GERODISC technology," says ASHA European Director Claude Dubois. "It culminates nearly two years of product design development and exhaustive testing. Peugeot runs at the front, and they only become involved with companies and technology that will keep them in front." "Peugeot is a dominant force in the ultra-competitive German Touring Car Series," says ASHA Project Manager, Jeff Lowell. "They excel in worldwide racing activities, and ASHA is very pleased to be associated with Peugeot Sport. It says a lot about our GERODISC technology and the performance, handling and safety advantages it provides to race car drivers. They typically push their vehicles to the operating limits and are looking for proven technologies that can extend those limits and make them more competitive." GERODISC is a self-contained hydromechanical device which consists of a pump, piston, and set of clutches which fit inside the differential carrier. The GERODISC unit limits wheel spin by automatically sensing when one wheel begins to slip. This increased slip activates the pump's output pressure which, in turn, causes the clutches to engage thus smoothly delivering power to the wheel with the most traction. It continuously monitors and maintains this torque balancing act regardless of which wheel begins to spin or lose traction. This provides a dynamic safety and handling feature that even race cars without GERODISC technology do not offer, and all this activity is totally transparent to the driver. GERODISC is the only known technology, according to Dubois, that is compatible with all cars, vans, sport utility vehicles, and trucks, and can be used on all types of vehicle platforms: front-wheel drive, rear-wheel drive, all-wheel drive, and four-wheel drive. In addition to improving vehicle traction, handling, and safety, it will reduce weight, cost and projected warranty exposure when compared to the current traction systems now being used. ASHA Corporation, headquartered in Santa Barbara, develops advanced technology products, and automotive design and manufacturing techniques for the global automotive industry. The stock is traded on the NASDAQ SmallCap Market (Symbol: ASHA). SOURCE ASHA Corporation