Ricardo Signs Cooperation Agreement With China's Wuxi Fuel Injection Equipment Reseatch Institute

Originally formed in 1980 and now part of the First Auto Works group, WFIERI has a longstanding reputation in the research and development of internal combustion engine fuel injection systems and associated technologies. Under the terms of the cooperation agreement announced today, WFIERI will provide support to Ricardo in its efforts to develop its rapidly growing presence within the Chinese engine manufacturing industries. At the same time Ricardo will assist WFIERI by providing technology focused consultancy services and support based on Ricardo's extensive experience of engine development for international markets.

As the international consultant partner of WFIERI, Ricardo engineers will visit WFIERI frequently in order to exchange views on advanced technology and development strategies being adopted throughout the global automotive industry. In doing so Ricardo will in particular provide its views on the facilities, methods and technologies that are most appropriate to the Chinese market and to WFIERI's business requirements. Both Ricardo and WFIERI envisage that their cooperation will lead to wide ranging collaboration on advanced technology programmes over the coming years.

Ricardo and WFIERI share a common commitment to the development of next-generation technologies and products to improve vehicle fuel efficiency and reduce emissions, said Ricardo plc executive director Mark Garrett on signing the cooperation agreement with WFIERI. WFIERI is an acknowledged leader in China in the area of advanced fuel injection systems and we look forward to working with them to take on some of the key challenges faced by the Chinese engines industry.

We are very pleased to be able to sign this agreement with Ricardo, marking the start of a new phase in the collaboration between our two companies, said Zhu Jianming, director of WFIERI. WFIERI shares Ricardo's focus on technology development and we look forward to a highly successful, enduring and mutually beneficial business relationship.