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Stock Details
  • PRICE$166.70
  • PRICE CHANGE$2.29
  • % CHANGE1.39%
  • TWEETS7
  • CONSENSUSSTRONG SELL

Trends

Course of Action

STRONG SELL

Sentiment (10 days)

  •  Strong Buy
  •  Buy
  •  Hold
  •  Sell
  •  Strong Sell

DAILY PRICE CHANGE VS SENTIMENT

  • BullishBullish
  • BearishBearish
  • SentimentSentiment
  • BarPrice

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PARKER-HANNIFIN CORPORATION (PH) News

OFAS by Parker Zander honoured with the ‘Red Dot Award: Product Design 2018’

Parker Hannifin, the global leader in motion and control technologies, has been honoured with the ‘Red Dot Award: Product Design 2018’ for its integrated drying and filtration system, Oil Free Air System (OFAS). The German Red Dot Award is one of the most prestigious design awards and recognized as a seal of design excellence all over the world. This year alone, participants from 59 countries competed for the much coveted award. The origins of the Red Dot Design Award date back to 1955. Its distinction, the Red Dot, is established internationally as one of the most sought-after quality marks for good design. The products are judged by an international jury of well-known design experts, and only products with high design quality are honoured with a Red Dot.

Parker introduced the innovative OFAS system early last year. Combining sophisticated OIL-X filtration technology with an optimized drying system, it has been designed to provide consistent high performance even over an extended period of time. Developed to set a new standard for the industry in terms of efficiency and productivity, it uses a specialist high-strength desiccant cartridge with snowstorm filling that maximizes packing density, prevents channelling effects, guarantees a consistent dew point and contributes to an extremely low differential pressure, helping to reduce the energy consumption of the compressor. Minimum total cost of ownership and the best cost-benefit ratio of any high quality air treatment solution are guaranteed through reduced service times, more simplicity in the replacement of parts, maximum uptime, extended maintenance periods and longer operational life. With OFAS, Parker Zander has redefined compressed air drying and filtration in order to provide for the best possible combination of economy, efficiency, quality, functionality and longevity.

"We are privileged to be honoured with the prestigious ‘Red Dot Award: Product Design 2018’. It supports our company’s goal to develop solutions which not only provide best-in-class performance, but also allow for creativity in design, resulting in products that stand out from the competition", says Stephen Stewart, Product Manager Adsorption Technologies.

Parker will receive the award during the official awarding ceremony on July 9, 2018 in Essen, Germany.

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