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May 13, 2010 (FinancialWire) — Tech/Ops Sevcon, Inc. (NASDAQ: TO) said that it has received a research and development grant from One North East, the Regional Development Agency responsible for the support of business in the North East of England.

The grant of £250,000 ($375,000) was awarded to assist the company in the acceleration of the availability of its new Integra product.

Integra is a product specifically designed for use in hybrid vehicles to improve fuel efficiency and reduce the load on the internal combustion engine.

The grant is payable quarterly in arrears and will defray part of the engineering cost associated with the acceleration of the product’s development up to April 1, 2011.

Massachusetts-basedTech/Ops Sevcon is engaged in the design, manufacture and marketing of microprocessor based controls for zero emission electric vehicles. The controls are used to vary the speed and movement of vehicles, to integrate specialized functions, and to optimize the energy consumption of the vehicles’ power source.

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