The companies have also agreed that Fantuzzi Reggiane Group will promote the REGEN system as a proven retrofit technology with all its existing crane customers. Fantuzzi Group, with its subsidiary company Noell Crane Systems (China) Ltd, has a production capacity of approximately 120 new RTG cranes each year and there are currently over 1,100 units in operation around the world.
The two companies have carried out a period of technical due diligence and integration design collaboration, and Fantuzzi believes that VYCON’s REGEN System has tremendous potential for integration on Fantuzzi Group RTGs.
“We have decided to add the VYCON flywheel system on our cranes to provide customers with new technology to enhance fuel conservation and reduce emissions. As a major manufacturer of high-quality cranes, our customers expect Noell to provide them with new advances in technology as they arrive on the market,” said Maurizio Altieri, former general manager of Noell Crane Systems and newly appointed COO for the Fantuzzi Group.
Tony Aoun, president and CEO of VYCON, said: “The management teams from both companies are very optimistic about the potential for this agreement and how it will positively affect the crane market.”