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Sevcon is a world leader in the design and manufacture of microprocessor-based controls for zero emission electric vehicles. The controls are used to vary the speed and movement of vehicles, to integrate specialized functions, and to optimize the energy consumption of the vehicle’s power source. With the acquisition of italian based Bassi, Sevcons product line has been expanded by modern fast charging systems for batteries. The company supplies customers throughout the world from its operations in the US, the UK, France and the Asia Pacific region and through an international dealer network. Sevcon’s customers are manufacturers of on- and off-road vehicles including cars, trucks, buses, motorcycles, fork-lift trucks, aerial lifts, mining vehicles, airport tractors, sweepers and other electrically powered vehicles. 
 
Sevcon’s revenue growth is being driven by strong sales of the innovative Gen4 motor controls range that the company has developed for on-road electric vehicles. This growth demonstrates that automotive OEMs and tier-one suppliers increasingly recognize that the technology Sevcon has developed for off-road EV applications during the past 50 years can improve vehicle efficiency and performance in on-road applications, as well. The world’s growing demand for on-road EVs is an opportunity that has the potential to transform and dramatically increase the scale of Sevcon’s business in the years ahead. The company is successfully executing on a strategy aimed at capitalizing on this opportunity.

View all   RSSLatest News

Board Member Ryan J. Morris Elected as Executive Chairman of Sevcon

SOUTHBOROUGH, Mass., Aug. 04, 2016 (GLOBE NEWSWIRE) -- Sevcon, Inc. (Nasdaq:SEV) today announced that Board member Ryan J. Morris, CFA has been elected Executive Chairman of the Board.  "I am honored to be elected to this newly created role at Sevcon," said Morris. "I have been personally excited about the potential impact of electric vehicles for decades, and believe that Sevcon is well positioned to capitalize on the global trend toward electrification. I look forward to working with the management team and board to accelerate Sevcon's growth and leverage ...

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Sevcon Reports Financial Results for Third Quarter Fiscal 2016

SOUTHBOROUGH, Mass., Aug. 03, 2016 (GLOBE NEWSWIRE) -- Sevcon, Inc. (Nasdaq:SEV) reported financial results for the third quarter of fiscal 2016 ended July 2, 2016. Third-Quarter Fiscal 2016 Results Summary Revenues increased to $13.9 million, from $10.3 million in the third quarter of fiscal 2015, a 34% increase that reflected the acquisition of Bassi, a manufacturer of battery chargers located in Lugo, Italy, on January 29, 2016. Revenues included $5.1 million by Bassi. Excluding Bassi, revenues were ...

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Sevcon to Announce Third-Quarter 2016 Financial Results on August 3

SOUTHBOROUGH, Mass., Aug. 02, 2016 (GLOBE NEWSWIRE) -- Sevcon, Inc. (Nasdaq:SEV), a world leader in the design and manufacture of controls and battery chargers for zero emission electric and hybrid vehicles, today announced that it will release third-quarter fiscal 2016 financial results after the close of the market on Wednesday, August 3, 2016. Sevcon will host a conference call to discuss the results on Thursday, August 4, 2016 at 9:00 a.m. ET. President and Chief Executive Officer Matt Boyle and Vice President, Treasurer and Chief Fi...

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Sevcon Announces $10.15 Million Private Placement of Units

SOUTHBOROUGH, Mass., July 07, 2016 (GLOBE NEWSWIRE) -- Sevcon, Inc. (Nasdaq:SEV) announced that it has entered into definitive agreements to sell 1,113,000 units, each consisting of one share of its common stock and 0.5 of a warrant to purchase one share of its common stock, in a private placement to certain institutional and accredited investors at a price of $9.12 per unit for total gross proceeds of approximately $10.15 million.  The warrants have an exercise price of $10.00 per share, subject to adjustment, and will be exercisable for a period of five years from th...

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Sevcon Reports Financial Results for Second Quarter Fiscal 2016

SOUTHBOROUGH, Mass., May 16, 2016 (GLOBE NEWSWIRE) -- Sevcon, Inc. (Nasdaq:SEV) reported financial results for the second quarter of fiscal 2016 ended April 2, 2016. Second-Quarter Fiscal 2016 Results Summary Revenues increased to $13.2 million, from $10.3 million in the second quarter of fiscal 2015, a 28% increase that reflected the acquisition of Bassi, a manufacturer of battery chargers located in Lugo, Italy, on January 29, 2016. Revenues included sales of $4.0 million by Bassi for the two months of February an...

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