Market Overview

Sun Hydraulics Announces Business Name Change to Helios Technologies


Also launches new corporate website and domain,

Hydraulics Corporation
(NASDAQ:SNHY) ("SNHY" or the "Company"), a
global industrial technology leader that develops and manufactures
solutions for both the hydraulics and electronics markets, today
announced the adoption of Helios Technologies as its new business name.
The use of a new name for the parent holding company is in alignment
with the Company's progress toward its Vision 2025 strategy, which is to
achieve global technology leadership in the industrial goods sector by
2025 with critical mass exceeding $1 billion in sales while maintaining
superior profitability and financial strength.

This press release features multimedia. View the full release here:

The use of the new name reflects the fact that the Company now has
several operating companies under its umbrella, one of which will remain
Sun Hydraulics. The Sun Hydraulics business has joined the previously
acquired Enovation Controls and Faster Group companies as wholly-owned
subsidiaries of Helios Technologies, under the new holding company
structure. Shares of Helios Technologies will continue to trade on
Nasdaq using the Company's existing ticker symbol, SNHY.

"An integral part of our Vision 2025 is to recognize that the parent
company is evolving and needs to remain independent from its operating
brands," said Helios Technologies' President and Chief Executive
Officer, Wolfgang Dangel. "The new name reflects a progression of the
Company's corporate strategy, which encompasses a solid foundation of
multiple brands committed to becoming a leading designer and
manufacturer of intelligent systems and controls.

"In addition to our organic growth initiatives, a key component of our
Vision 2025 is the smart acquisition of aligned companies to broaden our
end market coverage in both hydraulics and electronics, and eventually
with technologies that link those applications," added Dangel.

Along with the use of a new name, the Company is also launching its new
corporate website and domain at

About Helios Technologies

Helios Technologies is the business name for Sun Hydraulics Corporation,
a publicly-listed company on the Nasdaq Global Stock Market (SNHY).
Helios Technologies is a global industrial technology leader that
develops and manufactures hydraulic and electronic control solutions for
diverse markets. The Company does business through its operating
subsidiaries around the world, including Sun Hydraulics, LLC, Enovation
Controls, LLC and Faster S.p.A. Through its Hydraulics segment, the
Company serves diverse markets including material handling, construction
equipment, agriculture, specialized vehicles, energy and others through
its Sun Hydraulics and Faster Group companies, providing
high-performance screw-in hydraulic cartridge valves and manifolds as
well as quick-release hydraulic coupling solutions. Through its
Electronics segment, the Company provides electronic control solutions
through Enovation Controls for recreational and off-highway vehicles, as
well as industrial stationary and mobile power equipment. Helios
Technologies and information about its associated companies is available
online at


This news release contains "forward‐looking statements" within the
meaning of Section 21E of the Securities Exchange Act of 1934.
statements involve risks and uncertainties, and actual results may
differ materially from those expressed or implied by such statements.
They include statements regarding the intent, belief or current
expectations, estimates, vision or projections of Sun Hydraulics
Corporation ("Helios" or the "Company"), its directors or its officers
about the Company and the industry in which it operates, and assumptions
made by management, and include among other items, (i) the Company's
strategies regarding growth, including its intention to develop new
products and make acquisitions; (ii) the Company's financing plans;
(iii) the Company's expectations regarding our sales, expenses, gross
margins and other results of operations; (iv) trends affecting the
Company's financial condition or results of operations; (v) the
Company's ability to continue to control costs and to meet its liquidity
and other financing needs; (vi) the declaration and payment of
dividends; (vii) the Company's ability to respond to changes in customer
demand domestically and internationally, including as a result of
standardization; and (viii) potential challenges relating to changes in
and compliance with governmental laws and regulations affecting our U.S.
and international businesses. Although the Company believes that its
expectations are based on reasonable assumptions, it can give no
assurance that the anticipated results will occur.
factors that could cause the actual results to differ materially from
those in the forward‐looking statements include, among other items, (i)
the economic cyclicality of the capital goods industry in general and
the hydraulics industry in particular, which directly affect customer
orders, lead times and sales volume; (ii) fluctuations in global
business conditions, including the impact of economic recessions in the
U.S. and other parts of the world, (iii) conditions in the capital
markets, including the interest rate environment and the availability of
capital; (iv) changes in the competitive marketplace that could affect
the Company's revenue and/or costs, such as increased competition, lack
of qualified engineering, marketing, management or other personnel, and
increased labor and raw materials costs; (v) risks related to the
integration of the businesses of the Company, Enovation Controls and
Faster Group; (vi) changes in technology or customer requirements, such
as standardization of the cavity into which screw‐in cartridge valves
must fit, which could render the Company's products or technologies
noncompetitive or obsolete; (vii) new product introductions, product
sales mix and the geographic mix of sales nationally and
internationally; and (viii) changes relating to the Company's
international sales, including changes in regulatory requirements or
tariffs, compliance with anti-corruption laws and trade laws, including
export and import compliance, trade or currency restrictions,
fluctuations in exchange rates, and tax and collection issues. Further
information relating to factors that could cause actual results to
differ from those anticipated is included but not limited to information
under the heading Item 7. "Management's Discussion and Analysis of
Financial Conditions and Results of Operations" in the Company's Form
10-Q for the quarter ended June 30, 2018, and Item 1. "Business" and
Item 1A. "Risk Factors" in the Company's Form 10‐K for the year ended
December 30, 2017. The Company disclaims any intention or obligation to
update or revise forward‐looking statements, whether as a result of new
information, future events or otherwise.

This news release will discuss some non-GAAP financial measures,
which the Company believes are useful in evaluating our performance.
should not consider the inclusion of this additional information in
isolation or as a substitute for results prepared in accordance with
The Company has provided reconciliations of comparable GAAP
to non-GAAP measures in tables found in the end of this news release.

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