(Alliance News) - SIT Spa announced Thursday that it has partnered with Panasonic to launch a new complete fan solution for residential heat pumps.

"The partnership," reads the company's note, "combines the quality and reliability of Panasonic Industry's Japanese-designed motors with SIT's advanced expertise in fluid dynamics and motor controls to develop a complete fan solution designed specifically for residential heat pumps.

The new application-which will be jointly presented to the market starting in early 2024-will be tailored to the specific needs of each HP manufacturer to ensure the best performance, minimized noise, and low power consumption.

Federico de' Stefani, president and CEO of SIT said, "This agreement represents a milestone for SIT as it accelerates our entry into the heat pump sector, supporting our growth objectives in the ventilation market. Ventilation technology, an area in which we expect to realize about 30 percent of our future revenues, is the key pillar of our transition to carbon-free heating and climate control solutions. Panasonic's reputation for producing reliable motors of the highest quality aligns perfectly with SIT's commitment to ensuring successful solutions that meet the technical needs of original equipment manufacturers. By integrating Panasonic motors into our equipment, we will be able to offer a best-in-class solution to our current and future customers."

"We are very proud to enter into this partnership with SIT, as both companies share the goal of providing reliable, sustainable and state-of-the-art solutions," says Gerhard Scharf, division director of Panasonic Industry Europe. "In addition to our well-known compressors and pumps for HVAC applications, Panasonic Industry motors are recognized for their high efficiency and durability. We are therefore pleased to be able to offer this new solution together with a company of such high standing as SIT."

SIT's stock is up 1.4 percent to EUR2.11 per share.

By Chiara Bruschi, Alliance News reporter

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