SMART Tire is collaborating with Hyundai and Kia to power development of the first high performance airless automotive tire made from shape memory alloys.
AKRON, Ohio (PRWEB) December 14, 2022
With over 150 applications for the Accelerate the Future Challenge, The SMART Tire Company (STC) has been selected as one of the 5 winners that will explore a paid proof of concept and collaboration with two of the largest automotive manufacturers in the world, Hyundai Motor Company and Kia Corporation. The Accelerate the Future Challenge has a mission of facilitating startup-corporate collaborations within the Smart Factory, Robotics, Advanced Automotive Technology, and Smart Mobility domains.
“We are the only US-based winner, chosen from 158 startup applicants from around the world. What an honor, and powerful validation of our groundbreaking, shape memory alloy tire technology. If you've been waiting for a signal that SMART Tire is for real and that we're going after the biggest markets possible, what better way than working with two of the hottest Global 500 automakers in the world?” - Earl Cole, CEO, The SMART Tire Company
Hyundai and Kia are among the fastest growing and profitable automakers on the planet. With combined revenues of over $163B they outsell Mercedes, BMW, Ford, GM, Honda, Nissan and Tesla among others, and are at the forefront of the EV revolution.
“This new tire technology has been previously recognized with both R&D 100 and CES Innovation Awards. In addition to our bicycle, scooter, and lunar tire projects (NASA), STC is kicking off development of the first rubber-integrated, airless automotive tire made from shape memory alloys.” - Brian Yennie, CTO, The SMART Tire Company