LATEST UPDATES

• Flywheel acquisition strategically enhances Helios’ Hydraulics segment technologies with leading standard manifolds and custom-designed precision hydraulic integrated packages

• Provides greater reach into existing markets while adding new diversified markets

• Enhances product offering and enables horizontal product line integration for more sophisticated system solutions

• Complements engineering capabilities building upon our talent and expertise

• Daman anticipates doubling growth within twelve months with exponential growth in the following three years

• 58,000 square foot expansion will be complete summer of 2023 (adding on to the existing 48,000 sq ft)

• 70 new employees will be added to the existing 140-member team

• New roles will be needed for integrated manifold/valve assembly, fluid power solution testing, warehouse personnel, supply chain, IT, human resources, customer service, and technical support