RENK : America Secures $100 Million Order for HMPT Transmission with the United States Army

Muskegon / Augsburg, April 15, 2024 - RENK America (RAM), a leading provider of vehicle mobility solutions, is pleased to announce the award of a significant order worth over $100 million for the HMPT transmission, contracted by the United States Army.

This milestone order reaffirms RENK America's position as a trusted partner of the US military: The US Army continues to deploy more vehicles equipped with RENK transmissions. The HMPT transmission is widely recognized for its reliability and exceptional performance in the most demanding environments.

"RENK America is honored to continue our support of the US military," said Ted Trzesniowski, CEO of RENK America. "Our team remains steadfast in our commitment to providing the Army with reliable and mission-ready mobility solutions. We take immense pride in our contribution to the Army's objectives and will continue to ensure a constant supply of spares to keep their vehicles fully operational."

We power freedom - with our commitment to deliver exceptional solutions that meet the highest standards of quality and performance and that our partners can rely on for their evolving mobility needs.

About the RENK Group AG

Headquartered in Augsburg, Germany, RENK Group AG is a globally leading manufacturer of mission-critical drive solutions across diverse military and civil end markets. Our product portfolio includes gear units, transmissions, power-packs, hybrid propulsion systems, suspension systems, slide bearings, couplings & clutches and test systems. With this broad product portfolio RENK Group AG serves in particular customers in industries for military vehicles, naval, civil marine, and industrial applications focused on energy. In the fiscal year 2023, RENK Group AG generated revenue of EUR 926 million.

Disclaimer

This Press Release contains forward-looking statements that are based on plans, expectations, estimates and projections of the management of RENK Group as at the date of this Press Release. These plans, expectations, estimates and projections depend on a variety of assumptions and are subject to unforeseeable events, uncertainties, known and unknown risks as well as other factors that may cause actual results or the actual financial situation, development or performance to differ from those expressed or implied in the forward-looking statements. RENK Group does not assume any obligation to update the forward-looking statements or make adjustments to them to reflect events or developments occuring after the date of this Press Release unless obliged by statutory law.