Q: Who are the Vanguard Battery Technology Partners and what do they do?
A: Our partners are specialized companies that provide significant engineering expertise to the small to medium-sized OEMs they work with by designing systems or subsystems. Through the technology partners, OEMs have a place to not only source components but also access to engineering expertise they wouldn’t have in house. With this engineering support, the OEMs can integrate different types of technology systems that may have otherwise been out of reach.
Q: What problems are Vanguard and the partners working to solve?
A: There is a massive emphasis and focus on electrification emerging. Most small and medium OEMs don't have an in-house engineering team that can help design and integrate electrification solutions. With the Battery Technology Partners, we’re broadening the reach of options to as many OEMs as possible. Whether it’s helping to design a piece of electric equipment or repowering an existing machine to take battery power, the technology partners can be that on-site expert. They take their expertise and geographic proximity and combine it with our battery technology to create a solution that is above-and-beyond what either of us would have been able to accomplish alone.
Q: Who was the first partner?
A: Vanguard was approached by our technology partner, Kraft Fluid Systems, at a trade show. They introduced us to this partnership idea that is a common practice in the hydraulics controls industry. Kraft was already stepping into electrification and was looking for a strong battery partner, so that's why they came to us. It really opened our eyes to the fact that there's a whole part of the market that services these smaller OEMs. Vanguard saw the value and wanted to capitalize on the opportunity.