Cooper Standard's Plastic Coolant Hub Technology Named SPE® Automotive Innovation Award Powertrain Category Winner
Rhea-AI Summary
Cooper Standard (NYSE: CPS) has won the 2024 Society of Plastics Engineers (SPE) Automotive Innovation Award in the powertrain category for its plastic coolant hub. The innovative solution can be adapted to all OEM systems, including BEV, ICE and hybrid vehicles. Unlike traditional coolant handling systems with multiple discrete components, this hub combines fluid handling components and integrates pressure balancing into a compact plastic manifold.
The technology offers significant advantages including improved vehicle performance, reduced packaging space, decreased assembly time, lower labor requirements, and more sustainable operations through reduced material and product waste.
Positive
- Product already in production with strong business growth potential
- Technology applicable across multiple vehicle types (BEV, ICE, hybrid)
- Product reduces assembly time and labor costs for automakers
- Solution decreases material waste and improves sustainability
- Recognition through prestigious industry award enhances market credibility
Negative
- None.
Insights
The plastic coolant hub represents a significant technological advancement in automotive fluid management systems. The innovation consolidates multiple components into a single integrated unit, offering substantial benefits in terms of manufacturing efficiency and vehicle performance. Key advantages include:
- Reduced assembly complexity and labor costs through component integration
- Improved space utilization in vehicle design
- Enhanced sustainability through material reduction
- Cross-platform compatibility (BEV, ICE, hybrid vehicles)
While this innovation award validates the technology's potential, the real value lies in its production-ready status and broad market applicability. For investors, this positions Cooper Standard favorably in the automotive supplier space, particularly as vehicle manufacturers seek solutions that can adapt to various powertrain technologies while improving production efficiency.
"We are honored that our plastic coolant hub has been recognized as a category winner for the 2024 SPE Automotive Innovation Award," said Chris Couch, president, Fluid Handling Systems and chief technology officer, Cooper Standard. "This innovative solution satisfies requirements across a range of vehicle applications, and can be adapted to all OEM systems, including BEV, ICE and hybrid. Already in production, we see strong potential for business growth with our plastic coolant hub."
Cooper Standard's plastic coolant hub distinguished itself from traditional products by delivering a customized solution designed to meet customers' unique fluid handling needs and engineering challenges. Unlike traditional coolant handling systems that are comprised of many discrete tubes, adaptors, and connectors, Cooper Standard's plastic coolant hub combines many of these fluid handling components and a uniquely integrated pressure balancing feature into a more sophisticated centralized compact plastic manifold. For automakers, Cooper Standard's plastic coolant hub has the potential to improve vehicle performance, reduce required vehicle packaging space, save assembly time, reduce required labor and support more sustainable operations with less material and product waste.
Cooper Standard's coolant hub enables several efficiencies and savings, improving overall performance and efficiency. Additionally, the required packaging spacing in a vehicle has been significantly improved through the consolidation and integration of the plastic coolant manifold components.
The SPE Automotive Innovation Awards program honors the best companies in automotive plastics. Category and Grand Award winners were selected from a group of finalists by a group of journalists, academics and retired industry chief engineers.
About the SPE Automotive Innovation Awards Program
SPE's Automotive Innovation Awards Program is the oldest and largest competition of its kind in the world. Dozens of teams made up of OEMs, tier suppliers, and polymer producers submit nominations describing their part, system, or complete vehicle and why it merits the claim as the Year's Most Innovative Use of Plastics. This annual event typically draws over 800 OEM engineers, automotive and plastics industry executives, and media. As is customary, funds raised from this event are used to support SPE educational efforts and technical seminars, which help educate and secure the role of plastics in the advancement of the automobile. For more information, please visit: https://speautomotive.com/spe-automotive-div-innovation-awards/.
About Cooper Standard
Cooper Standard, headquartered in Northville, Mich., with locations in 21 countries, is a leading global supplier of sealing and fluid handling systems and components. Utilizing our materials science and manufacturing expertise, we create innovative and sustainable engineered solutions for diverse transportation and industrial markets. Cooper Standard's team of more than 22,000 team members (including contingent workers) are at the heart of our success, continuously improving our business and surrounding communities. Learn more at www.cooperstandard.com or follow us on LinkedIn, X, Facebook, Instagram or YouTube.
Contact for Media:
Chris Andrews
Cooper Standard
(248) 596-6217
CAndrews@cooperstandard.com
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SOURCE Cooper Standard
FAQ
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