Tula Technology Receives PACEpilot Award from Automotive News

San Jose, California –(Business Wire)–Automotive News has named Tula Technology’s Dynamic Motor Drive™ a PACEpilot award winner and recognizes Dynamic Motor Drive as a groundbreaking innovation that can be implemented in the automotive industry.

Dynamic Motor Drive™ (DMD) is an advanced software-controlled technology that increases the efficiency of electric vehicles by intermittently operating the electric motor at optimum efficiency conditions. The technology is suitable for electric vehicles already in production, and is particularly effective for vehicles that do not use rare earth magnets, which are expensive and problematic for the environment. DMD control strategies are typically able to achieve 2-3% efficiency gains on motors that do not use rare earth magnets.

“We are delighted to receive the PACEpilot Award, our second PACE Award from Automotive News,” said Scott Bailey, President and CEO of Tula Technology. “As we continue to introduce this breakthrough to OEMs and Tier 1 suppliers Sex technology, this recognition validates the achievements of our team. ”

Automotive News presents the third annual PACEpilot program. The competition is open to suppliers and start-ups who invent products, software/IT systems or processes, as well as idea incubators capable of transforming the automotive industry. Automotive News The PACEpilot program leads the way in distinguishing emerging innovators around the world. After an extensive review by an independent panel of judges, including a comprehensive paper application and virtual pitch meeting, Tula was recognized by Automotive News PACEpilot.

For full details on the Automotive News PACEpilot program, visit www.autonews.com/pace.

About Tula Technology, Inc.

Silicon Valley-based Tula Technology provides innovative, award-winning software controls to optimize propulsion efficiency and emissions across the moving range, including electric, hybrid, gasoline, diesel and alternative fuel vehicles. Tula’s culture of innovation has resulted in breakthrough technologies and a strong global patent portfolio that includes more than 380 issued and pending patents. Tula Technologies is a privately held company backed by Sequoia Capital, Sigma Partners, Khosla Ventures, GM Ventures, BorgWarner and Franklin Templeton. For more information, visit www.tulatech.com.

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