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Northumberland-based Avid Technology won six new contracts worth a total of £50 million a year with international automotive firms, including a supercar maker, a tier one supplier and OEMs, for electric and hybrid powertrain systems.
Cramlington-based AVID Technology has secured part of a £20.8m R&D project with Jaguar Land Rover and five other partners, backed by the Advanced Propulsion Centre, to develop hybrid electric vehicle electronics and componentry.