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TEXTRON INC.

(TXT)
  Report
Delayed Nyse  -  04:03 2022-10-04 pm EDT
63.59 USD   +5.14%
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Kautex Textron GmbH & Co. KG Receives AutomotiveINNOVATIONS Award

08/03/2022 | 07:02am EDT

Kautex Textron GmbH & Co., KG (Kautex), a Textron Inc. (NYSE: TXT) company, announced it has received an AutomotiveINNOVATIONS Award from the Center of Automotive Management (CAM) and Price Waterhouse Coopers (PWC) for its Allegro Premium cleaning system – a software-controlled cleaning system for autonomous drive and Advanced Driver-Assisted Systems (ADAS)--equipped vehicles. After an extensive study conducted by CAM and PWC, Kautex was selected from a pool of about 400 suppliers to receive this prestigious award. The award ceremony was held during PWC’s Digital Automotive Talk held in July in Frankfurt, Germany.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220803005184/en/

President and CEO Joerg Rautenstrauch (center) and Director, Innovation & Advanced Engineering Björn Stell (second from right) receive their award from CAM & PWC. (Photo: Business Wire)

President and CEO Joerg Rautenstrauch (center) and Director, Innovation & Advanced Engineering Björn Stell (second from right) receive their award from CAM & PWC. (Photo: Business Wire)

Kautex’s Allegro Premium cleaning system is rooted in Kautex Clear Vision Systems’ (CVS) existing expertise in cleaning system hardware. Allegro Premium combines this capability with software designed to identify the best cleaning strategy depending on the travel conditions and the obstruction on the sensor. The system considers specific cleaning conditions such as speed, weather, temperature, dirt or debris, to instantly determine the proper cleaning function. Allegro Premium also offers additional benefits including predictive features, reduced weight, improved water efficiency and product durability, and flexible designs based on the customer’s input. The result is an enhanced cleaning system that helps ensure the availability of assistance systems in all weather conditions, improving vehicle performance and safety for the passengers.

“As we move to more advanced levels of autonomous driving, the need for sensor cleaning becomes more evident, as any debris on the sensor will impact the sensors’ performance – and ultimately, the performance of the vehicle,” said Javier Bayod, vice president of Kautex CVS. “Our team has spent a lot of time listening to customers to understand their needs and proactively design a cleaning system that can scale with their autonomous driving capabilities. We are very proud to be named by CAM and PWC as an awardee of their AutomotiveINNOVATIONS award this year.”

Kautex’s development and testing programs were also considered as part of the AutomotiveINNOVATIONS award. The team conducts extensive development and testing under numerous system parameters and environmental conditions to understand the best cleaning approach for each. This data is then transferred into an algorithm that controls the cleaning system. Further testing is conducted via their unique test bench and test chamber which allows Kautex CVS to control, monitor and record all relevant process parameters for a single design. The system can test the impact of specific environmental conditions, including temperatures and vehicle speeds. The test chamber was created in partnership with Kautex’s Innovations department.

“In this age of disruption, innovation will ensure a company’s future success,” said Carsten Elsasser, Kautex’s director, Innovation and Strategy. “By working closely with our customer-facing sales and engineering teams, we learn details about our customers’ unmet needs that we incorporate into our testing and design. The result is an outstanding product that meets – or exceeds – what many customers are looking for with regards to advanced cleaning solutions.”

For 11 years, CAM and PWC have sponsored the AutomotiveINNOVATIONS awards to seek out and recognize outstanding innovative performance by companies within the automotive industry.

About Kautex Textron GmbH & Co. KG

At Kautex, we are driving the future. As a Tier One automotive supplier with more than 30 plants in 14 countries, Kautex designs, develops and manufactures traditional and hybrid fuel systems, advanced cleaning solutions for assisted and autonomous driving, engine camshafts and plastic industrial packaging solutions. A pioneer in the design and manufacture of automotive plastic fuel systems, Kautex is expanding its portfolio to offer smart products and data-driven services to our customers, including smart fuel systems, thermoplastic composite and composite-metal hybrid battery systems. From a lightweight battery system to a hybrid fuel system to autonomous drive vehicle cleaning systems, Kautex is committed to pioneering solutions for the era of new mobility.

About Textron Inc.

Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems. For more information, visit: www.textron.com

Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements.

Kautex Textron, Inc. Kautexstrasse 52, Bonn 53229 Germany


© Business Wire 2022
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Financials (USD)
Sales 2022 13 119 M - -
Net income 2022 859 M - -
Net Debt 2022 1 538 M - -
P/E ratio 2022 16,1x
Yield 2022 0,13%
Capitalization 13 451 M 13 451 M -
EV / Sales 2022 1,14x
EV / Sales 2023 1,05x
Nbr of Employees 33 000
Free-Float -
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 63,59 $
Average target price 82,17 $
Spread / Average Target 29,2%
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Managers and Directors
Scott C. Donnelly Chief Operating Officer & Executive Vice President
Frank T. Connor Chief Financial Officer & Executive Vice President
Kimberly A. Mackenroth Chief Information Officer & Vice President
E. Robert Lupone Secretary, Chief Compliance Officer & Executive VP
Kathleen M. Bader Independent Director
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