COMPANY PROFILE

CONTENTS

‐ Company main features

‐ Integrated supply chain 

‐ Technologies overview

‐ Additional services

‐ Client portfolio

#01

The factory is situated in Fiorano Modenese, nearthe homonymous test circuit, and includes a coveredarea of 850 m2 for the production site, 300 m2 for officesand a climate‐controlled inspection room. The widespaces, dedicated to production and services, have beenconceived in order to allow any possible futureenlargements and rational handling of raw materials andfinished products across the manufacturing site.

#02

COMPANY HISTORY

V System s.r.l. was founded in 2013 thanks to thecommitment of Veca S.p.A., who is the majorityshareholder, with the intention to extend its long‐termexperience in manufacturing of machined componentsfor motorsport also in the exhaust systems field.

The core business of V System is the manufacture ofmotorsport components made   of Ni and Tispecial alloys. The parts are obtained by plastic forming(mainly tube bending and hydroforming) and assembled bywelding.The type of products that are currently provided by theCompany to its F1 customers are:

‐ Exhaust systems dyno testing‐ Exhaust systems for race applications‐ Titanium tail pipes‐ Turbocharger assemblies‐ Different components & prototypes for dyno testing‐ Hydroformed pipes

CORE BUSINESS

#03

43,10%

38,00%

11,20%4,80%

1,40% 1,00%0,50% Others

Year 2016

19%

60%

5%4%

1% 5%

1% 1% 3% 1%

Year 2017

Year 2018

8%

#04

CLIENTS PORTFOLIO

Year 2018

#04

CLIENTS PORTFOLIO

€ 0

€ 1.000.000

€ 2.000.000

€ 3.000.000

€ 4.000.000

€ 5.000.000

€ 6.000.000

2014 2015 2016 2017 2018

€ 2.100.000

€ 3.400.000

€ 3.900.000

€ 4.700.000

€ 5.900.000

V System’s turnoverand profits areincreasing everyyear, allowing thecompany to growand constantlyexpand itsbusiness

#05

TURNOVER TREND

#06

Between 2014 and 2018, V System haseffectively doubled the number of itsemployees. Since last year we have increasedresources within the welding departmentand also in the field of quality control anddimensional testing.Currently we employ 20 people acrossthe company.

WORKFORCEWORKFORCE

10

13

16

18

20

0 5 10 15 20 25

2014

2015

2016

2017

2018

INTEGRATED SUPPLY NETWORK

#07

THE STRENGTH OF A TEAM AT YOUR DISPOSAL!

MT inspection

PT inspection

PARTSMANUFACTURING

METAL FORMING & WELDING

DIMENSIONALCHECKING

NDT VACUUM HT & LABORATORY 

Machining

Welding

Hydroforming

Tube bending

Additive manufacturing

Optical measurements & Reverse engineering  VT inspection

CMM measurements

Vacuum units

Laboratory examinations

OUR EXPERTISES

#08

Our Company is flexible and skilled inprototypes manufacturing and toolsdevelopment. On average, we are able todevelop a functional proto exhaust systemfrom approved CAD geometry with a lead timebetween four and five weeks time.

SHORT LEAD TIMES

#09

TECHNOLOGIES OVERVIEW TECHNOLOGIES OVERVIEW

#10

#11

The company owns the equipment for the production ofsmall and medium‐sized batches of pipes by usingrolling technology. We are also specialized inthin‐walled pipe bending (0.7 to 1.2 mm) performed onexotic materials such as nickel and titanium alloys.Pipe bending is carried out by using the latest tube-bending machinery with 9 electric axes CNCcontrolled. This machine, equipped with appropriatetools developed by our R&D department, allowsmanufacturing complex parts with a meanradius/diameter ratio equal to 1:1 and nostraight parts between the curves. The maximumbendable outer diameter is currently 97 mm.

TUBE BENDINGTUBE BENDING

#12

BENDING TOOLSBENDING TOOLS

‐ Bending tools with customized shape for production of curved pipeswithout straight part between two curves

‐ Wide range of universal bending tools in the diameter range 22 – 97 mm( 1’’ – 3.75’’)

‐ Ability in bending thin wall pipes with ratio Rm/D = 0,9 – 1,2

#13

Hydroforming is a manufacturing technology which allows toobtain pipes shaping (at room temperature) by using high-pressure water. This method enables manufacturing ofclosed sections with non-uniform cross-sectionalareas along the pipe axis by using a circular tube as inputmaterial.Hydroforming is a technological solution that can be widelyapplied for developing pipes requiring complex geometry,tight tolerances, and lightweight.The hydroforming press installed at V system plant has thefollowing features:‐ Water injection pressure up to 2.300 bar‐ Maximum closing force equal to 1.000 tonsWe are also able to help our customer with the componentsco‐design, as well as the development and manufacturing ofthe hydroforming tooling.

HYDROFORMINGHYDROFORMING

#14

Basic technical specifications of ourhydroforming press:

‐Maximum closing load = 1.000 tons (2,2x106 lb)‐ Total height from the floor= 5.700 mm (225 inch)‐ Tool base max. dimensions: 1.800 x 1.400 mm (71x55inches)‐ Tool max height: 900 mm (35,5 inch)‐ Hydraulic manifold with Rextroth gear pump‐ Water injection system with two pressure levels(I1=500 bar, I2=2300 bar)

HYDROFORMING FEATURESHYDROFORMING FEATURES

‐ Developing and manufacturing of hydroforming tools (with dedicated tool holders)‐ Production of hydroformed parts in stainless steel, nickel and titanium alloys

#15

HYDROFORMING TOOLSHYDROFORMING TOOLS

#16

Our staff has many years of experience in welding byusing GTAW technology and all the welders ownthe EN license for welding Ti and Ni alloys. Weperform manual and semi-automaticwelding of stainless steels, aluminum andmagnesium alloys, titanium and nickel alloys. We arealso experts in design and manufacturing of weldingjigs and fixtures required for the component'sassembly.

GTAW WELDINGGTAW WELDING

#17

During 2017 V System acquired a new automatic orbital welding system. Thisequipment allows us to increase productivity and improve the quality level of the weldedbutt joints.Orbital welding is a rapid technology, easily repeatable, all the welding parameters arerecorded and can be provided to the customer, if required.

ORBITAL WELDINGORBITAL WELDING

#18

In the case of welding highly-reactive alloys, such as titanium,we are able to weld the joints using inert atmospherecabinets, which prevent oxidation and discoloration in the weldedarea.We have one metallic welding chamber with a fixed volume and oneinflatable flexible chamber with variable volume, which can be useddepending on the applications and dimensions of the parts.The controlled atmosphere used in the chambers can be pure argonor a mixture of argon/helium and we are able to control and certifythe quality of the inert gases using an oxygen analyzer.

INERT ATMOSPHERE WELDING DEPT.INERT ATMOSPHERE WELDING DEPT.

#19

V System is committed to being an efficient andreliable partner to its Customers, taking part in theprocess development from the early stages of theprojects, and also providing ideas and solutionsfor jigs and tools manufacturing.

WELDING JIGS DEVELOPMENTWELDING JIGS DEVELOPMENT

#20

Upon the Client’s request, we are able to produce andapply different kind of thermal insulations to ourcomponents (wrapped to the parts or removable ones).Our thermal protections are developed using silicabased ceramic papers and tissues of differentthicknesses.The outer shells can be made of stainless steel, Inconel625 or titanium alloys.

Should the usage of microporous material be requested, VSystem has a consolidated partnership with thecompany Esterline Darchem located in UK who is aspecialist in providing these types of insulations.

THERMAL INSULATION DEVELOPMENTTHERMAL INSULATION DEVELOPMENT

#21

‐ Consolidated experience in plastic forming ofdifferent materials, like Ti and Ni based alloys

‐ Wide stock of coiled materials and thin tubes in: Inconel 625 LCF®(Th. 0,5 – 0,6 ‐ 0,7 – 0,8 – 0,9 – 1 – 1,2 – 1,27 – 1,5 – 2 mm)

Inconel 718 (Th. 0,7 – 1 mm)

Kobe Steel Ti 1,2 ASN‐EX® (Th. 0,7 – 0,9 – 1 – 1,2 mm)

Timetal Exhaust XT® (Th. 0,65 mm)

Nippon Steel 10CuNb ® (Th. 0,6 mm)

CP Ti Grade 2 (Th. 0,5 mm)

‐ We can perform a wide variety of heattreatments in two vacuum units belonging to ourpartner AMT

HIGH PERFORMANCE MATERIALSHIGH PERFORMANCE MATERIALS

#22

In 2017 we installed a fully automated warehousesystem. The new warehouse, which is linked to our ERPsoftware, tells us in real time the stock levels of rawmaterials. This allows us to forecast and program futurepurchases as well as guaranteeing our customers fulltraceability of the batches used for our production.With regards to tracing components coming from externalsuppliers, as cnc/dmls parts belonging to our weldedassemblies, we created a dedicated storehouse wherewe can upload‐download all incoming part numbers, byusing barcode labels.

RAW MATERIALS & PARTS TRACEABILITYRAW MATERIALS & PARTS TRACEABILITY

#23

In order to ensure the highest quality and precision of ourmanufactured products, the Company has a climate-controlled inspection room where a 3D opticalscanning system has been installed. This device, which worksby using interference fringes technology, allows makingdimensional inspections as well as reverse engineeringactivities for obtaining mathematical reference models.

DIMENSIONAL CONTROLS DIMENSIONAL CONTROLS

#24

In the second half of 2017, V System managed to become an official supplier forthe F1 safety protection component HALO III - B in accordance with theFIA standard 8869-2018

HALO PROJECT DEVELOPMENTHALO PROJECT DEVELOPMENT

#25

In our factory a penetrant liquid inspection line isinstalled. The inspection technique used is waterwashable fluorescent PT and we inspect the weldedjunctions of our components with 100% frequency.Nr. 3 V System employees own the certification for PTinspection according to EN ISO 9712 standard (II level)

V System can also perform on its own products accuratevisual inspections, with both direct and remotetechniques. We can inspect welds and detect surfaceimperfections on inner and outer sides, also by using avideo endoscope.Nr. 2 V System employees own the certification for VTinspection according to EN ISO 9712 standard (II level).

NDT INSPECTIONSNDT INSPECTIONS

#26

We recently installed in the company a fullyequipped pressure test bench. Theequipment can perform pressure test up to 20bar and determining the effective leakage rate ofthe components.In our R&D office we also able to develop andmanufacture the sealing caps needed forthe trials.

PRESSURE TEST PRESSURE TEST

#26

In V System a fully equipped metallurgicallaboratory is available, where we can performsample preparation for micrographic &macrographic inspections of ourcomponents.In detail we own the following equipment:‐ Precision cut‐off machine‐ Hot mounting press‐ Automatic grinding/polishing machine‐ Stereo Microscope‐ Optical Microscope‐ Micro hardness Vickers tester

METALLURGICAL LABORATORYMETALLURGICAL LABORATORY

#27

Thanks to our metallurgical laboratory and to therecording equipment connected to welding generators,we are able to provide Clients with the WeldingProcedure Standard (WPS) for every weldedjoint.

WELDING PROCEDURE SPECIFICATIONSWELDING PROCEDURE SPECIFICATIONS

#28

In order to manage all the transactions between VSystem and British clients, we have opened our ownVAT position in the UK with the aim of dealingwith customs procedures and VAT refunds as effectivelyas possible for both parties.

VAT IDENTIFICATION Nr. : GB 306743215

UK VAT POSITIONUK VAT POSITION

#29

In December 2014 V System succeeded in obtaining QualitySystem Management certification according to ISO9001:2008 standard.In November 2017 we updated our certification with thenew Quality System Management standard ISO9001:2015.In both cases, the certification committee chosen ascontroller was «Det Norske Veritas Italia s.r.l.» (DNV).

ISO 9001 QUALITY CERTIFICATIONISO 9001 QUALITY CERTIFICATION

#30

OUR REFERENCESOUR REFERENCES

V System s.r.l.Via XX Settembre 17-19

41042 Fiorano Modenese (MO) – ITALY e-mail: info@vsystem.it tel: +39 0536 035.111

VAT nr.: IT 03540390360 REA (MO): 396791