Helios Technologies Subsidiary Receives Systems & Components Award
SARASOTA, Fla.--(BUSINESS WIRE)-- Helios Technologies, Inc. (NYSE: HLIO) (“Helios” or the “Company”), a global leader in highly engineered motion control and electronic controls technology for diverse end markets, announced today that its subsidiary, Faster S.r.l, has been chosen as a winner of the Systems and Components Trophy – Engineers Choice for 2022, sponsored by DLG, for its innovative Faster ABC electronic hydraulic hose coupling.
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Picture: The Faster ABC (Always the Best Connection) electronic hydraulic hose coupling with smartphone application (Photo: Business Wire)
The Systems and Components award was presented to three suppliers who have demonstrated inventive or significantly improved concepts that can make an important contribution to the development and production of agricultural machinery and other off-highway machinery. Sponsored by DLG, Germany’s renowned independent member organization that seeks to advance technological and scientific progress in the agriculture, agribusiness and food sectors, the winners were selected by prominent development engineers from agricultural machinery manufacturers.
Josef Matosevic, Helios’s President and Chief Executive Officer, commented, “We thank DLG and the independent selection committee for recognizing the superiority of Faster’s electronically advanced hose coupling, which we appropriately refer to as Faster ABC, or Always the Best Connection. Part of the Faster acquisition strategy in 2018 was delivering growth through product and geographic diversification, greatly expanding our hydraulics offerings by providing an array of high performance, quick release hydraulic coupling solutions, such as the Faster ABC coupling. Furthermore, this award demonstrates that Faster is successfully pursuing its vision of becoming the global market leader in smart hydraulic coupling solutions and is a key contributor to the Company’s overall growth strategy.”
About Helios Technologies
Helios Technologies is a global leader in highly engineered motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine, health and wellness. Helios sells its products to customers in over 90 countries around the world. Its strategy for growth is to be the leading provider in niche markets, with premier products and solutions through innovative product development and acquisition. The Company has paid a cash dividend to its shareholders every quarter since becoming a public company in 1997. For more information please visit: www.heliostechnologies.com.
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Vice President, Investor Relations, Corporate Communications and Risk Management
Kei Advisors LLC
Source: Helios Technologies
Released February 10, 2022