Garrett Movement Inc.

E-Turbo

E-Turbo

Progressive Expertise Allows Electrified Autos to Optimize Gasoline Economic system, Cut back Emissions, and Improve Efficiency

Represents Garrett’s First PACE Award in Electrification

ROLLE, Switzerland, Oct. 01, 2021 (GLOBE NEWSWIRE) — Garrett Movement Inc. (Nasdaq: GTX), a number one differentiated expertise supplier for the automotive {industry}, at the moment introduced it acquired a 2021 Automotive Information PACE Award for its proprietary Electrical Turbo (E-Turbo). The annual PACE (Premier Automotive Suppliers’ Contribution to Excellence) Awards acknowledge superior innovation, technological development, and enterprise efficiency amongst automotive suppliers. The award winners have been chosen by an unbiased panel of judges and honored at a digital ceremony on September 30, 2021.

“We’re thrilled to be acknowledged as an Automotive Information PACE Awards winner for our progressive E-Turbo,” mentioned Olivier Rabiller, Garrett President and Chief Government Officer. “This prestigious PACE Award is our first in electrification and fourth general prior to now 10 years and is a testomony of Garrett experience to develop industry-first and extremely differentiated applied sciences. Garrett’s E-Turbo attracts upon our in-house superior capabilities in high-speed motor, high-power density motor, excessive present and switching frequency inverter and motor management software program. Our world-class engineers efficiently overcame the various challenges in thermal administration, vitality restoration, compact packaging and high-volume and low-cost design to develop this breakthrough E-Turbo. Garrett is effectively positioned to help the way forward for electrification together with hybrids, gas cell and some other purposes requiring a brand new strategy to drawback fixing essentially the most urgent wants of the {industry}.”

Garrett’s E-Turbo makes use of a high-speed electrical motor positioned on the turbo shaft to spool the compressor extra quickly and get rid of lag, dramatically enhancing transient engine efficiency and low-end engine torque. The brand new expertise offers extra energy and quicker response whereas additional enabling engine effectivity. Moreover, the E-Turbo can recuperate in any other case wasted vitality as {an electrical} generator to energy the hybrid motor immediately or recharge the battery in sure driving conditions, permitting automakers larger flexibility within the design of hybrid powertrains.

Craig Balis, Garrett Vice President and Chief Expertise Officer, said, “The utilization of our 48-volt or 400-volt {hardware} on electrified hybrid powertrains, the quickest rising phase within the international auto {industry}, is an efficient answer for OEM to handle strict environmental requirements and set new benchmarks in car efficiency. By integrating our internally developed high-speed electrical motor working at greater than 200,000 rpm solely inches away from exhaust temperatures exceeding 1,000°C, we’re in a position to ship electrically assisted boosting beneath excessive circumstances whereas offering vitality recuperation to the car’s electrical system.”

As beforehand introduced, Garrett plans to start serial manufacturing of its E-Turbo on a brand new state-of-the-art, totally devoted and automatic manufacturing line starting within the fourth quarter of 2021. The expertise is anticipated to be launched subsequent yr for the primary time at scale in Mercedes-AMG premium hybrid autos. Garrett is engaged in a number of different electrification initiatives with clients worldwide for each passenger and industrial autos.

About Garrett Movement Inc.
Garrett Movement is a differentiated expertise chief, serving clients worldwide for greater than 65 years with passenger car, industrial car, aftermarket alternative and efficiency enhancement options. Garrett’s cutting-edge expertise permits autos to develop into safer, extra related, environment friendly and environmentally pleasant. Our portfolio of turbocharging, electrical boosting and automotive software program options empowers the transportation {industry} to redefine and additional advance movement. For extra info, please go to www.garrettmotion.com.

Ahead-Wanting Statements
This press launch comprises “forward-looking statements” inside the which means of Part 21E of the Securities Alternate Act of 1934, as amended. All statements, apart from statements of reality, that handle actions, occasions or developments that we or our administration intend, anticipate, mission, imagine or anticipate will or might happen sooner or later are forward-looking statements together with with out limitation our statements concerning the influence of the COVID-19 pandemic on Garrett’s enterprise, monetary outcomes and monetary circumstances, {industry} developments, Garrett’s technique, and Garrett’s capital construction following emergence from the Chapter 11 course of. Though we imagine forward-looking statements are primarily based upon affordable assumptions, such statements contain identified and unknown dangers, uncertainties, and different elements, which can trigger the precise outcomes or efficiency of Garrett to be materially completely different from any future outcomes or efficiency expressed or implied by such forward-looking statements. Such dangers and uncertainties embrace however are usually not restricted to these described in our annual report on Kind 10-Ok for the yr ended December 31, 2020, and our quarterly report on Kind 10-Q for the three months ended June 30, 2021, in addition to our different filings with the Securities and Alternate Fee, beneath the headings “Danger Components” and “Cautionary Notice Relating to Ahead-Wanting Statements.” You’re cautioned to not place undue reliance on these forward-looking statements, which converse solely as of the date of this doc. Ahead-looking statements are usually not ensures of future efficiency, and precise outcomes, developments and enterprise selections might differ from these envisaged by our forward-looking statements.

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