Princess Yachts to use Tognum engines
Posted on October 06, 2008
Tognum’s Engines business unit and British luxury yacht builder Princess Yachts International have recently concluded negotiations for a new framework agreement on the supply of mtu Series 2000 engines during the period of 2009 through 2012.
- New framework agreement on more than 700 mtu Series 2000 engines for luxury yachts
- Substantial increase in revenues with British yacht builder
Friedrichshafen, October 6, 2008. Tognum’s Engines business unit and British luxury yacht builder Princess Yachts International have recently concluded negotiations for a new framework agreement on the supply of mtu Series 2000 engines during the period of 2009 through 2012. This will result in a 100 percent increase in Tognum’s annual revenues with Princess Yachts compared with previous years. the agreement covers the total supply of more than 700 engines.
The new agreement, which is being processed through the Tognum subsidiary MTU UK, demonstrates the growing synergies between premium brands mtu and Princess Yachts. “Princess Yachts’ confidence in mtu products also shows that mtu continuously implements technological innovations that guarantee Princess customers a maximum of performance combined with the best possible emission levels”, stated Rainer Breidenbach, Member of the Tognum Board of Management for the Engines business unit.
The high-speed Series 2000 diesel engines produced by Tognum’s mtu brand have 8, 10, 12 or 16 cylinders and deliver 895 to 1890 kilowatts power output (1200 to 2570 horsepower). With mtu-engines installed, Princess yachts will reach speeds in excess of 40 Knots.
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Disclaimer regarding forward-looking statements et al.:
This report also contains forward-looking statements based on assumptions and estimates of Tognum’s Executive Board of Management. Although we assume that our assumptions and estimates on which we have based these forward-looking statements are realistic, we cannot guarantee that they will in the future prove to be correct. The assumptions and estimates, by their nature, may harbour risks and uncertainties that may cause the actual figures to differ considerably from the forward-looking statements. Factors that may cause such discrepancies include, among other things, changes in the economic and business envi¬ronment, variations in exchange and interest rates, the introduction of competing products, lack of acceptance for new products or services and changes in corporate strategy. Tognum does not undertake any obligation to update, to review or to confirm the forward-looking statements or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date of this announcement.