April 21, 2022 Gates Continues Digital Innovation Drive

Next-generation software platform combines six new or significantly updated digital design tools with additional enhancements scheduled.

DENVER — Gates (NYSE: GTES), a leading global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced the launch of Gates Design PowerTM, a new software platform offering multiple digital design tools to support the engineering and specification of belt-drive systems across a broad array of applications, making the process easier and more robust than ever before.  

“At Gates we are committed to relentless innovation and finding ways to make our customers’ lives easier. Digital innovation is as important as product innovation in making this happen,” said Tom Pitstick, chief marketing officer and senior vice president of strategic planning for Gates. “The new Gates Design PowerTM software platform builds upon our existing design tools to support our Global ‘Chain to Belt’ initiative, making it even easier for engineers across all applications, from two-wheelers to manufacturing equipment, to design-in our products and get the most out of their belt drives.”

This new digital toolkit consists of six modules, including four all-new applications and substantially upgraded versions of well-known Gates digital tools, Design IQTM and Design Flex ProTM. Among the all-new programs is the industry-first Mobility Drive Analysis tool aimed at making it easier for engineers from bicycle, scooter, motorcycle, and power sports OEMs to design Gates clean, quiet, durable and low-maintenance Carbon Drive belt systems into their next-generation vehicles, further accelerating conversion from chain and other technologies. 

The Gates Design PowerTM platform includes the most sophisticated belt-performance models in the industry, based on data gathered at Gates state of the art, global test laboratories, to ensure that customers are designing robust, application-specific drive systems, ultimately improving safety and operating costs, while reducing energy consumption and downtime in their operations.    

Added features in the new platform improve the design process and make it easier than ever, even for inexperienced engineers, to design belt drives. New collaboration functionality enables customer engineers to partner with Gates application engineering experts to efficiently create the optimal drive design. A state-of-the-art, built-in knowledge base provides design guidance for more advanced users, and the platform now automatically synchronizes with Gates product catalog, giving design engineers direct access to Gates’ latest products, specifications, ratings and list prices. Users also now have the ability to store multiple designs in a single project file, tracking design derivatives and iterations, and noting who made what changes along the way.        

Gates Design PowerTM is now available globally as a free download and includes 15 different languages for use across most regions. Development of the Design PowerTM platform is ongoing, and additional features and enhancements are planned to roll out over the next 12 months, including mobile device compatibility.

For more information, please visit Gates.com/DesignPower.

About Gates Industrial Corporation plc
Gates is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. Gates offers a broad portfolio of products to diverse replacement channel customers, and to original equipment manufacturers as specified components. For more than a century, Gates has pushed the boundaries of materials science to engineer products that exceed expectations in many sectors of the industrial and consumer markets. Our products play essential roles in a diverse range of applications across a wide variety of end markets including industrial on-highway, industrial off-highway, mobility and recreation, automotive, energy and resources as well as diversified industrial. Our products are sold in more than 30 countries across our four commercial regions: the Americas; Europe, Middle East & Africa; Greater China; and East Asia & India. More about Gates can be found at www.gates.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are related to and based on management’s current expectations regarding the performance of the Company’s business and its plans, objectives, and intentions. Such forward-looking statements are subject to various risks and uncertainties that could cause the Company’s results to differ materially from those described in the forward-looking statements. Certain of these risks and uncertainties are discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended January 2, 2021, filed with the Securities and Exchange Commission (“SEC”).  These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Company’s filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement should circumstances change, except as required by law.

Media Contact:
Lily Hubbard
Lily.hubbard@gates.com
(303) 744-4060

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