We are making great progress on becoming an integrated operating company building robust solutions. This collection of market leading hydraulic product releases and integrated solutions further demonstrate the power of our strategy as we leverage our research and development across our businesses. Josef Matosevic, Helios’ President, and Chief Executive Officer, commented, "Helios Technologies has a long history of innovation leadership. The remaining new products are available for the distribution market with a focus on caps, accessories, bundles, and other spare parts. Additionally, Faster created a total of 314 new part numbers, of which 45% were dedicated to OEM customers, including castings, standalone couplers, multi-connections, check valves and screw-on couplers. These products, which primarily originated in the portfolios of other Helios companies, are newly available to be used in conjunction with the Sun product portfolio for the first time, aiding in the development of new hydraulic solutions. Throughout 2022, Sun Hydraulics continued its path of product expansions with the release of twenty-five cartridge valves and seven quick release couplings, increasing the market configurable variations that provide the reliability and dependability our customers have come to expect.
Over the years, Helios has built a powerful portfolio of assets and technologies in the hydraulics industry both organically, and through acquisition.
(NYSE: HLIO) ("Helios" or the "Company"), a global leader in highly engineered motion control and electronic controls technology for diverse end markets, announced today another record year of commercially available product releases and inter-company product iterations within our Hydraulics segment. SARASOTA, Fla., February 27, 2023-( BUSINESS WIRE)- Helios Technologies, Inc.
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