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OEC 46.0¢

could this be synerjects rotax deal?

  1. snuff

    6,931 posts.
    As those of you who follow OEC will know, when Siemens and OEC announced the deal about re-arranging a finace deal, Siemens threw in a recent contract they had signed with Rotax to supply Direct Injection parts from Synerject. (For port injection etc for 2 & 4 Strokes) The deal did not involve bikes or cars but other kinds of vehicles. This announcement from John Deere means that the engines involved in the Synerject deal is probably for these vehicles and motorized implements mentioned here. Afterall, they are all two stroke and they are dirty and need to be cleaned up. So how do you like the idea of riding around on a Synerject equiped ride-on?
    Ultimately this is good for OEC as Synerject is a joint venture between Siemens and OEC. Synerject is currently trading profitably. This will add to profits that can be shared with OEC.
    IMHO OEC is now a buy, I do not see any downside.

    Regards

    Desmond

    ps I hold lots at a loss so can you trust me? Read the red bit.

    Press Release Source: Deere & Company


    Deere, Bombardier Announce Strategic Alliance for Product Development
    Thursday January 23, 10:00 am ET


    MOLINE, Ill., and VALCOURT, Quebec, Jan. 23 /PRNewswire/ -- Deere &
    Company and Bombardier will develop new wheeled utility vehicles and
    technologies under a strategic alliance announced today.
    ADVERTISEMENT


    The alliance will combine the efforts of Deere's Worldwide Commercial
    & Consumer Equipment Division and Bombardier Recreational Products to
    produce creative new concepts aimed at expanding the business
    opportunities for both companies. The result should provide more and
    even better products for their respective customers and authorized
    dealers.

    "John Deere has an excellent history of engineering products that add
    to the productivity of our customers," said John Jenkins, President
    of Worldwide Commercial & Consumer Equipment at Deere. "Pooling our
    resources with a market leader such as Bombardier strengthens our
    total investment in research and development."

    The first product resulting from this alliance will be a line of new
    John Deere-branded utility vehicles derived from a Bombardier All-
    Terrain Vehicle (ATV) platform, to be launched initially in Canada
    and the United States by the end of 2003. The products will be
    manufactured by Bombardier at its Valcourt, Quebec facility.

    "Bombardier is very proud of this agreement because it is the
    recognition, by a highly reputed global leader such as Deere &
    Company, of the quality of our products and of our leadership
    position as an innovator," said Jose Boisjoli, President of the
    Snowmobiles, Watercraft and ATV Division of Bombardier Recreational
    Products.

    Bombardier has been designing and manufacturing utility and motorized
    recreational vehicles for over sixty years. While Bombardier's
    Snowmobiles, Watercraft and ATV Division offers various products for
    the recreational user, Deere focuses on products that make customers'
    work easier and more fulfilling.

    "We believe this alliance is a good fit," said Boisjoli. "In this
    effort, we will work together to develop new solutions for an ever-
    changing marketplace."

    "This is an exciting opportunity for John Deere and Bombardier to
    jointly leverage our combined technological expertise," said John
    Deere's Jenkins. "The two companies are similar in size and culture
    and both have a history of high quality products supported by
    outstanding service and support."

    Both companies have targeted the announcement of new products
    resulting from this alliance before the end of 2003.

    About John Deere

    The John Deere Worldwide Commercial & Consumer Equipment Division
    manufactures and distributes a full line of lawn care equipment for
    residential, commercial, and golf and turf applications. The
    extensive lineup includes lawn and garden tractors, walk-behind lawn
    mowers, hand-held equipment, GATOR(TM) Utility Vehicles, compact
    utility tractors, and commercial mowing equipment.

    Deere & Company (NYSE: DE - News) is the world's leading producer of
    equipment for agriculture and forestry, a major manufacturer of
    equipment used in construction and lawn, grounds and turf care, and
    engines used in heavy equipment. Additionally, through company
    subsidiaries, Deere provides financial services and other related
    activities that support the core businesses.

    About Bombardier

    Bombardier Recreational Products designs, develops, builds,
    distributes and markets utility vehicles, Rotax® engines, Ski-Doo®
    and Lynx® snowmobiles, Bombardier(TM) ATVs, Sea-Doo® watercraft and
    sport boats as well as Evinrude® and Johnson® outboard marine engines
    and Ficht® direct fuel injection technology.

    Bombardier Inc., a diversified manufacturing and services company, is
    a world leading manufacturer of business jets, regional aircraft,
    rail transportation equipment and motorized recreational products. It
    also provides financial services and asset management in business
    areas aligned with its core expertise. Headquartered in Montreal,
    Canada, the Corporation has a workforce of some 80,000 people in 24
    countries throughout the Americas, Europe and Asia-Pacific. Its
    revenues for the fiscal year ended Jan. 31, 2002 stood at $21.6
    billion Cdn. Bombardier trades on the Toronto, Brussels and Frankfurt
    stock exchanges (BBD, BOM and BBDd.F).




    ----------------------------------------------------------------------
    ----------
    Source: Deere & Company

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