Executives with Columbus-based Cummins Inc. (NYSE: CMI) are touting technology and innovations they say will drive them into the future. Chief Executive Officer Tom Linebarger told members of the media and investors Wednesday "we are better positioned than any other company to win in new and emerging technologies." Cummins detailed efforts within its core business, including what it calls the success of the company’s largest engine platform yet, the QSX95. The manufacturer says it has also "stepped up" pursuit of commercializing electrification capabilities, boosted the focus on alternative fuel and power sources and increased initiatives designed to streamline digital innovation.
In a conference call, Linebarger said Cummins is ready for what the future holds. "Over the past 100 years, our ability to innovate and adapt has fueled our success and we are confident we are on the right path to do it again at this critical juncture," he said. "We are ready to provide a range of power technologies to our customers from diesel and natural gas to fully electric and hybrid powertrains. And we will always provide our customers with the best solution for their application."
Cummins listed several upcoming events and initiatives including:
- Launching delivery of its electrified powertrain technology in 2019 in the form of full electric vehicle and plug-in hybrid offerings
- Investing in research and development of high-efficiency gasoline technology it says performs like diesel technology
- Investigating the viability of bio-fuels, synthetic fuels and hydrogen, as well as exploring projects involving Proton Exchange Membrane and Solid Oxide Fuel Cell technologies
- Continuation of its recently-launched Digital Accelerator initiative, which aims to bring "concepts from the idea stage to commercialization at the most efficient and effective pace."
Linebarger says the company understands the world is changing.