Standard Motor Products, Inc. has acquired an equity position in Orange Electronic, Co., Ltd., a leading designer and manufacturer of tire pressure monitoring system (TPMS) sensors, located in Taiwan.
The move supports SMP’s initiative to take a basic design and manufacturing position in the growing TPMS category. Currently SMP® offers a full line of OE matching sensors with more than 98 percent full-line coverage. This expanding line of Clone-able TPMS sensors match the original for fit, form and function and have the added ability to be ID cloned to the sensor they replace.
Certified worldwide, Orange Electronic has received many awards for their innovative designs and has acquired numerous TPMS patents, including one for the advanced TPMS Clone-able technology.
SMP® and Orange Electronic have enjoyed a fine working relationship for several years and with this new partnership, look forward to continued advances and mutual growth in this exciting and important TPMS category.
TPMS has been mandatory on all new vehicles since 2008 and is now one of the fastest growing product lines in the industry. Projections expect significant increases and opportunities for the technology as the sensor batteries begin to wear out, in fact a recent study by Frost & Sullivan Inc. predicts that this product category will more than triple in volume by 2018.