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Thursday, May 30, 2024

PurePower Technologies investing $15 million

PurePower Technologies (PPT) announced it is investing $15 million to expand manufacturing capacity for its new diesel fuel injector technology.

“The capital investment, spread over a five-year period, provides the company the opportunity to fuel aggressive growth and product diversity, and bring new world-class diesel technologies to new market segments and customers,” PurePower said. “Since launching as an independent company from Navistar in February, PPT is leveraging its unique position as an OEM insider to deliver not only high-performance diesel fuel injection systems, but also its engineering and manufacturing expertise regarding all precision fuel, air management and after-treatment systems for light-, medium- and heavy-duty vehicles.”

“Operating as an independent company really allows us to pursue new market channels in the OEM and aftermarket space,” said Jerry Sweetland, president and CEO. “This additional capital allows us to develop products that stay ahead of the market and deliver products that offer superior quality, durability and fuel economy as we grow and expand our customer base as a standalone company.”