MAUMEE, Ohio, Oct. 13, 2011 /PRNewswire/ -- Dana Holding Corporation (NYSE: DAN) announced today that it has been awarded the Frost & Sullivan Best Practice Award for Technological Innovation for its work on the Spicer® Diamond Series™ Driveshaft.
"Dana has distinguished itself as the technology innovation leader in the Driveline Manufacturing industry," said industry analyst Kumar Saha at Frost & Sullivan. "The Spicer Diamond Series Driveshaft utilizes innovative product design with a proprietary manufacturing process that combines steel end fittings with a single-piece, high-strength aluminum tube, creating a lightweight, robust driveshaft for the commercial vehicle market."
The award recognizes the superior planning and execution of technological innovations in the vehicular marketplace, and commends companies with the diligence, perseverance, and dedication to excel in the increasingly competitive global marketplace.
The criteria used to select recipients of the "Best Practice Award for Technological Innovation" consists of an evaluation of the technology's uniqueness, its impact on customer value, and relevance to the industry.
"Dana engineers provide innovations based on customer need and marketplace evolution, creating products and processes that deliver value, ingenuity, quality, and performance," said Roger Wood, chief executive officer for Dana. "The Spicer Diamond Series driveshaft is a prime example of this, offering our customers the compelling combination of a robust and reduced-weight driveline solution that is also environmentally friendly."
Dana's Spicer Diamond Series driveshaft includes the following advantages:
40% less weight than traditional 2-piece steel driveshafts
Optimum reliability and robustness
Improved noise, vibration, and harshness (NVH) characteristics
Corrosion resistance
Eco-friendly manufacturing process
About Dana Holding Corporation
Dana is a world leader in the supply of driveline products (axles, driveshafts, and transmissions), power technologies (sealing and thermal-management products), and genuine service parts for light- and heavy-duty vehicle manufacturers. The company's customer base includes nearly every major vehicle manufacturer in the global automotive, commercial vehicle, and off-highway markets. Based in Maumee, Ohio, the company employs approximately 22,500 people in 26 countries and reported 2010 sales of $6.1 billion. For more information, please visit www.dana.com.
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