Published on 20 Jul 2022 on Zacks via Yahoo Finance
Allison (ALSN) Provides FracTran Hydraulic Technology to Calfrac
Allison Transmission Holdings ALSN recently announced its pathbreaking hydraulic fracturing transmission, FracTran, which has been introduced by Calfrac Well Services Ltd. into its field operations. Calfrac is one of the largest hydraulic fracturing companies in the world.FracTran’s integration into Calfrac’s fracturing units seeks to deliver exceptional performance in high-pressure duty cycles in severe operating environments. With a service life of up to 25,000 hours, it has been developed to ensure high reliability and designed in such a manner that it will enable a second life with no requirement for hard parts replacement.There has been a marked improvement in the productivity of the Calfrac pump, equipped with FracTran compared with other hydraulic fracturing pumps. Calfrac is eager for more such collaborations with Allison in the future to aim for innovative solutions that will optimize the efficiency and performance of its fleet.Designed to meet the unique demands of the fracturing industry, Allison’s latest innovation, in the Oil Field Series product line, maximizes customer productivity and delivers powerful performance under pressure. Regular product launches like the FracTran and TerraTran bode well for Allison’s long-term growth. FracTran is bolstering Allison’s global off-highway end markets. TerraTran, the innovative propulsion solution, purpose-built for the global construction and mining markets is also set to buoy Allison’s prospects. Allison’s efforts toward innovation through the 3414 Regional Haul Series’ fully-automatic transmission and development of products catering to electrification and fuel-cell markets for commercial vehicles, augur well.Shares of ALSN have lost 4.1% over the past year compared with its industry’s 43% decline.
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