Business
Littelfuse and Hirtenberger Automotive Safety Announce Product Development Joint Venture
Joint Venture, PYTIC, is Focused on Development and Distribution of New, Innovative Products for eMobility and Other Industrial Applications
About this update from Littelfuse, Inc.
[{"type":"text","content":"\nJoint Venture, PYTIC, is Focused on Development and Distribution of New, Innovative Products for eMobility and Other Industrial Applications\n\n CHICAGO--(BUSINESS WIRE)--\nLittelfuse, Inc. (NASDAQ: LFUS), an industrial technology manufacturing company empowering a sustainable, connected, and safer world, and Hirtenberger Automotive Safety, announced today a product development joint venture referred to as PYTIC, or Pyro Technology for Intelligent Circuit Disconnection. PYTIC is focused on the development and distribution of new and innovative products for eMobility applications and other industrial electrical energy storage applications. This joint venture leverages the best of the companies’ combined electrical expertise. Through this collaboration, PYTIC has jointly developed a highly innovative product, the Pyro Safety Module (PSM). The PYTIC PSM is currently offered for today’s most advanced electric vehicles, including the 500V and 1,000V power classes. The PSM’s most important advantage over other products in the market is its even faster detection of the overcurrent event and thus a significantly faster and safer disconnection of the battery from the rest of the vehicle. This means that vehicle fires and electric shocks to passengers and rescue forces can be avoided in the best possible way. As hybrid-electric vehicles and fully electric vehicles are seeing tremendous growth across passenger car and commercial vehicle applications, there continues to be strong demand for safe, reliable products within these markets. PYTIC seeks to be the supplier-partner of choice for products that monitor and disconnect electrical energy storage systems for vehicles and other industrial applications.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210708005073/en/\n“With the development of the PYTIC joint venture, we are excited to see the Littelfuse and Hirtenberger teams working together to bring innovative, value-added technology solutions to customers across the global electric vehicle market,” said Alexander Conrad, Senior Vice President and General Manager, Passenger Vehicle Business, Littelfuse. “By bringing together the strengths of our two companies, we are well-positioned to co-develop state-of-the-art products consistent with our long-term strategy to grow in the...