Cummins and Versatile Hydrogen Engine Collaboration Announced

August 29, 2022 03:00 PM Eastern Daylight Time BOONE, Iowa--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) and Buhler Industries Inc. (TSX: BUI), a leading tractor manufacturer under the Versatile brand, announced today that they have signed a letter of intent and plans to integrate the Cummins 15-liter hydrogen engines in Versatile's equipment to lead the decarbonization of the agriculture market.

Versatile is a longstanding manufacturer in the agriculture space with a reputation for excellence in tractors,' said Ann Schmelzer, General Manager Cummins Global Agriculture Business. 'Our companies share a commitment to technology, quality and dependability for our customers. Cummins is excited to be working with Versatile as we leverage our respective strengths to create new opportunities for both companies.'

Since 1967, Versatile has used Cummins engines exclusively in all four-wheel drive tractors. For decades, both Versatile and Cummins have been leaders in technology innovation and delivering reliable performance to farmers across the globe. Each company is uniquely positioned to build on their exceptional histories in agriculture as they step forward into new powertrain technologies.

'While diesel engines continue to be the flexible power of choice for the foreseeable future in agriculture, such a collaboration enables both companies to develop low and zero carbon solutions that are ideally suited to farming,' said Adam Reid, Versatile's Vice-President of Sales and Marketing.

'Cummins has recently announced its plan to leverage existing platforms and expertise in spark ignited technology to build hydrogen engines. The high commonality among engine components between diesel and hydrogen leverages scale advantages for OEMs, while delivering the reliability that farmers need,' added Schmelzer.

Hydrogen combustion engines will provide a cost effective zero-carbon fueled solution for high load factor and high utilization applications. Key benefits of using this technology include enabling a more-timely solution to reduce carbon emissions without sacrificing productivity. It minimizes the impact on the machine design for manufacturers, allowing common parts and components across platforms to drive scale advantages, reducing costs. When integrated in farm equipment, farmers will have a solution that is dependable, as well as easy to service and maintain.

About Cummins Inc.

Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company's products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 59,900 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $2.1 billion on sales of $24.0 billion in 2021. See how Cummins is powering a world that's always on by accessing news releases and more information at https://www.cummins.com/always-on.

Forward-looking disclosure statement

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