CHARLOTTE, N.C. and FRANKFURT, Germany, Sept. 16 /PRNewswire/ -- SPX Service Solutions, a business unit of SPX Corporation, today announced it has entered into an agreement with Toyota Motor Corporation to supply a new Vehicle Interface Module (VIM) for the Toyota Diagnostic tool. The new VIM, to be based on SPX proprietary vehicle communication interface technology, will be developed as a global tool and utilized as an approved diagnostic repair solution for Toyota dealers. The announcement was made at the Automechanika 2010 trade show taking place in Frankfurt, Germany.
"This assignment from Toyota is a significant undertaking. We will work with Toyota to integrate its next generation of hardware for the critical service function of vehicle diagnostics," said Tanvir Arfi, President, SPX Service Solutions. "This tool, which interfaces with the New Toyota Diagnostics Tool (Global Techstream) diagnostic platform, clearly demonstrates SPX Service Solutions' expertise in vehicle service technologies, accumulated over the nearly 100 years we've been working with automotive manufacturers. It also underscores our market position as an innovative technology leader in the vehicle service industry."
After discussions with Toyota it has been decided that SPX will provide a VIM that will meet both current global requirements as well as support future vehicles. As the new VIM is deployed globally, exclusive of Japan and North America, SPX will provide technical support on a regional basis to meet the needs of Toyota's worldwide market.
SPX Service Solutions is exhibiting at Booth Location 8.0 F51 at Automechanika 2010 in Frankfurt, Germany, September 14-19, 2010, and Service Solutions executives will be on hand at the show to field questions from attending media.
SPX Service Solutions, headquartered in Warren, Michigan and with offices around the world, designs, manufactures and markets a fully integrated family of global brands providing special service tools, advanced diagnostic and shop equipment and technical information for vehicle servicing and maintenance. For more information, please visit http://www.servicesolutions.spx.com/.
About SPX
SPX Corporation is a Fortune 500 multi-industry manufacturing leader that provides its customers with highly-specialized, engineered solutions to solve critical business issues.
SPX products and technologies play an important role in the expansion of global infrastructure to help meet increased demand for power and energy and support many different sources of power generation, including coal and natural gas, nuclear, solar and geothermal. The company's innovative product portfolio, containing many energy efficient products, includes cooling systems for power plants throughout the world; highly advanced food processing components and turnkey, scalable systems serving the global food and beverage industry; process equipment that assists a variety of flow processes including oil and gas exploration, distribution and refinement and power generation; handheld diagnostic tools that aid in vehicle maintenance and repair; and power transformers that allow utility companies to regulate electric voltage, transmission and distribution.
With headquarters in Charlotte, North Carolina, SPX has 15,000 employees in more than 35 countries worldwide. Visit http://www.spx.com/.
Certain statements in this press release may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please refer to our public filings for a discussion of certain important factors that relate to forward-looking statements contained in this press release. The word "expected," "anticipated" and similar expressions may identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Statements in the press release speak only as of the date of this press release, and SPX disclaims any responsibility to update or revise such statements.
SPX Corporation
CONTACT: Ryan Taylor (Investors), +1-704-752-4486, investor@spx.com,
Jennifer H. Epstein (Media), Office: +1-704-752-7403, Mobile: +1-704-804-3717,
jennifer.epstein@spx.com
Web Site: http://www.spx.com/
