Tenneco Inc. (ticker: TEN, exchange: New York Stock Exchange) News Release
November 13, 2014
TENNECO EQUIPS ALL-NEW VOLVO XC90 FIRST EDITION WITH MONROE® INTELLIGENT SUSPENSION
Electronically controlled air suspension uses Tenneco’s Continuously Variable Semi-Active technology (CVSAe) to offer the choice of five driving modes
Brussels, Belgium, November 13, 2014– Tenneco Inc. (NYSE: TEN) announced today that the Volvo Car Group has chosen the latest generation of Tenneco’s Continuously Variable Semi-Active suspension (CVSAe) as a standard feature on its limited run XC90 First Edition.
CVSAe dampers enhance the comfort and handling of a vehicle’s ride by continuously adjusting all four shock absorbers up to 100 times per second to changing road conditions and dynamic driving situations like cornering, lane changes, acceleration and braking. CVSAe dampers can be switched from standard to sport or comfort mode at any time according to driver preferences for a more comfortable, more dynamic or more sporty ride.
Volvo was the first car manufacturer to introduce Tenneco’s electronic damping technology as standard on its S60R and V70R performance models in 2002. Sandro Paparelli, Vice President and General Manager, Ride Performance Europe, said, “Our relationship with Volvo has continued through many subsequent models and generations and we are honored to have been chosen to supply the prestigious XC90 First Edition.”
CVSAe suspension will be available as an option on all XC90 models produced from now on as Tenneco continues to supply Volvo’s new Scalable Product Architecture (SPA) modular chassis technology platform. “We share Volvo’s commitment of constantly innovating to develop technologies that help enhance safety, comfort and performance,” Paparelli added.
Tenneco CVSA technology is in production on 37 vehicle models from a number of different global brands. Applications for nine new vehicle models are currently under development.
About Monroe® Intelligent Suspension
CVSAe is part of the Monroe® Intelligent Suspension portfolio which includes adaptive suspension solutions (DualMode) for compact cars and semi-active solutions with external valve (CVSAe), internal valve (CVSAi) and two independent valves (CVSA2) for mid-range and higher-end cars. The portfolio also includes CVSA2/Kinetic and ACOCAR active suspension solutions for premium luxury cars, high-end sports cars and SUVs with off-road capability. Visit http://www.tenneco.com/original_equipment/ride_control/technology/advanced_damper/ for more information.
Tenneco is an $8 billion global manufacturing company with headquarters in Lake Forest, Illinois and approximately 26,000 employees worldwide. Tenneco is one of the world’s largest designers, manufacturers and marketers of clean air and ride performance products and systems for automotive, commercial truck, and off-highway original equipment markets, and the aftermarket. Tenneco’s principal brand names are Monroe®, Walker®, XNOx™ and Clevite®Elastomer.
This press release contains forward-looking statements. Words such as “anticipate,” “expects,” "will", "continue" and similar expressions identify forward-looking statements. These forward-looking statements are based on the current expectations of the company (including its subsidiaries). Because these forward-looking statements involve risks and uncertainties, the company's plans, actions and actual results could differ materially. Among the factors that could cause these plans, actions and results to differ materially from current expectations are: (i) changes in automotive or commercial vehicle manufacturers' production rates and their actual and forecasted requirements for the company's products, including the company's resultant inability to realize the sales represented by its awarded book of business; (ii) any change in customer demand or any other changes in consumer demand and prices, including decreases in demand for automobiles or commercial vehicles which include the company's products, and the potential negative impact on the company's revenues and margins from such products; (iii) the general political, economic and competitive conditions in markets where the company and its subsidiaries operate; (iv) workforce factors such as strikes or labor interruptions; (v) material substitutions and increases in the costs of raw materials; and (vi) the company's ability to develop and profitably commercialize new products and technologies, and the acceptance of such new products and technologies by the company's customers. The company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release. Additional information regarding risk factors and uncertainties is detailed from time to time in the company's SEC filings, including but not limited to its report on Form 10-K for the year ended December 31, 2013.
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