TEAM Industries Enters Into Strategic Partnership with Brammo Inc.
BAGLEY, Minn., and TALENT Oregon, July 7, 2014 — TEAM Industries a market leader in drive train technology and Brammo, Inc. a leading electric vehicle technology company have entered into a strategic partnership. As part of this partnership TEAM Industries will become an investor in Brammo Inc., TEAM Industries will also work in partnership with Brammo to design and develop world class electric vehicle drivetrains for the next generation of electric vehicles.
David Ricke, TEAM’s President and CEO stated, “We’re delighted to enter into this strategic partnership with Brammo. Both companies are innovators and we have a strong cultural fit between our two organizations. The electric vehicle market is a growth market and Team and Brammo will be providing a wide range of solutions for OEM manufacturers.” Ricke, continued, “Brammo has developed Motorcycle race winning EV technology and we will be partnering with them to bring this technology to adjacent markets.”
“It is critical to our success that we continue to build our strong reputation for quality and innovation,” stated Craig Bramscher, CEO and founder of Brammo, Inc. “TEAM Industries has an outstanding track record of developing and delivering performance and reliability enhancing drive train components to OEMs. We are very excited to work with Team to create a broad range of EV drivetrain solutions for diverse markets around the world.”
About TEAM Industries
TEAM Industries is a market leader in drive train technology that offers a complete range of services that includes everything from collaboration on product designs to manufacturing to your specifications. TEAM is a vertically integrated engineering and manufacturing company that has been developing performance and reliability enhancing components for original equipment manufacturers since 1967. Our principal products include transmissions and transaxles, axles and four-wheel drive systems, continuously variable transmissions (CVTs), and electric vehicle drivetrains. TEAM also can provide make to print components and we work with nearly every type of ferrous or non-ferrous material: cast, forged, wrought, or extruded.
For more information, visit www.team-ind.com
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About Brammo Inc.
Brammo Inc. is a leading electric vehicle technology company headquartered in North America. Brammo designs and develops electric vehicles including the award winning Enertia and Empulse motorcycles. Brammo is the 2013, FIM eRR North American World Cup Champion. Brammo is an OEM supplier of its innovative Brammo Digital Drivetrain systems including the Brammo Power battery pack and Brammo Power vehicle management system. Brammo has vehicle distribution and marketing operations in North America, South America, Europe, and Asia.