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CUMMINS INC.

(CMI)
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CUMMINS : BROADENS CONNECTIVITY CAPABILITY

08/20/2021 | 11:15am EDT

Release date -

Darlington, U.K.-Cummins Inc. (NYSE: CMI) announced that its connected engine solutions are now integrated with key telematics service providers; Topcon, Trimble, Saucon and TelliQ, with others soon to follow.

Jeremy Harsin, Cummins Off-Highway Business Director said, 'Telematics has emerged as a key enabler to improve operational efficiency of machines at construction sites, ports, distribution centers and farms. With the majority of these environments having mixed fleets, managers need a solution that is compatible across their machinery. At Cummins, we are working to integrate our digital capabilities with industry leaders to support our customer needs in a flexible manner, adding value into the systems customers are already using. When combined with well thought out aftermarket practices, digital connectivity has a real ability to positively impact the customer experience.'

Among Cummins Connected Solutions are two key telematics offerings for off-highway machines; Connected Diagnostics and Connected Software Updates, which both help improve operating performance, boost asset utilization and uptime, increase efficiency and reduce costs.

Connected Diagnostics - wirelessly connects engines to enable continuous monitoring and diagnosis of system faults. Site managers can make informed decisions on whether to stop machine operation or continue to the end of the shift by understanding the suggested root causes. They can gain an understanding in how long they have before an issue is likely to escalate to a breakdown or critical failure. This means that uptime can be maximized, with any potential fixes done more quickly. With the information provided in Connected Diagnostics, the correct parts, tools, and technician can be made available to resolve issues in an efficient manner.

Connected Software Updates - ensures Cummins-powered assets run at peak performance with over-the-air engine control module software updates. Product enhancements can be sent to connected equipment powered by capable Cummins Performance Series engines from anywhere, using integrated telematics systems and over-the-air connectivity services in lieu of onsite technician visits, eliminating shop and service visits typically associated with this task. ECMs can be calibrated while the equipment is on site, using as little as 5 minutes of stationary downtime.

Cummins supplies engines to a wide range of industrial equipment manufacturers. A number of these are developing their own telematics capability, and Cummins digital applications can integrate with their systems through the machine network too. The benefit is having all the machine information, including the engine, in one place via a single interface.

For OEMs that don't have a system of their own, they can select one of the telematics service providers that Cummins is working with to connect to gain easy access to all the J1939 public data to manage the engines in their machines.

'Cummins is working to integrate our digital products with an ever-increasing number of telematics providers operating across the globe, expanding our ability to provide customers with the world's best ownership experience wherever and however they work,' concluded Harsin.

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 57,800 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 $1.8 billion on sales of $19.8 billion in 2020. Learn more at cummins.com.

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 24 153 M - -
Net income 2021 2 349 M - -
Net Debt 2021 1 105 M - -
P/E ratio 2021 14,8x
Yield 2021 2,35%
Capitalization 34 219 M 34 219 M -
EV / Sales 2021 1,46x
EV / Sales 2022 1,33x
Nbr of Employees 57 825
Free-Float 64,3%
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Number of Analysts 25
Last Close Price 238,28 $
Average target price 280,12 $
Spread / Average Target 17,6%
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Managers and Directors
Norman Thomas Linebarger Chairman & Chief Executive Officer
Jennifer W. Rumsey President & Chief Operating Officer
Mark Andrew Smith Chief Financial Officer & Vice President
Jim Fier Chief Technical Officer & Vice President
Wayne A. Eckerle Vice President-Research & Technology
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