Rolls-Royce has entered into an exclusive licensing agreement with Magnetic Systems Technology Ltd (MST), a company specializing in power dense electric drives, permanent magnet motor systems and power electronics. As part of this agreement, Rolls-Royce is also taking a minority shareholding in MST.
Under the agreement, Rolls-Royce will assist in the development of electric drive systems, and provide manufacturing and marketing expertise for customers in aerospace, defence, marine and energy markets, including hybrid electric military vehicles. MST will continue to provide electric drive systems for land-based civilian and industrial applications.
The arrangement will allow MST to further develop its state-of-the-art technology for the military and aerospace markets for Rolls-Royce customers while strengthening its capability to supply its civilian customers with electric and hybrid drives.—Marcus Jenkins, chairman of MST
MST has, since its inception 14 years ago, been a supplier of hybrid and electric vehicle drive technology for military and civilian markets. MST has developed series hybrid drives, parallel hybrid drives and wheel-hub drives for both military and cilian programs and manufacturers.