Tenneco Inc. (ticker: TEN, exchange: New York Stock Exchange)
May 18, 2017
TENNECO SUPPLYING CLEAN AIR SYSTEMS FOR LAND ROVER DISCOVERY
Lake Forest, Illinois, May 18, 2017 – Tenneco Inc. (NYSE: TEN), a global supplier of Ride Performance and Clean Air products and systems, announced today that it is supplying full Clean Air systems for the new Land Rover Discovery. This model will feature Tenneco’s latest selective catalytic reduction technologies, diesel particulate filter and muffler systems.
The seven-seat Land Rover Discovery is the latest generation of one of the brand’s most popular models.
“The new Discovery will help showcase Tenneco’s leadership in the development of innovative and effective Clean Air solutions,” said Patrick Guo, executive vice president, Tenneco, and president, Clean Air. “We are pleased to partner with Jaguar Land Rover and to contribute with technologies that help protect the air we breathe.”
Tenneco develops and delivers Clean Air products and systems that help promote healthy lives by reducing the emission of potentially harmful pollutants. These solutions are engineered to meet global emissions standards anywhere in the world and to support engine and vehicle manufacturers’ use of any modern powertrain technology. The Clean Air systems for the Land Rover will be manufactured by Tenneco in Merthyr Tydfil, South Wales, U.K.
Tenneco is an $8.6 billion global manufacturing company with headquarters in Lake Forest, Illinois and approximately 31,000 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 and commercial vehicle original equipment markets and the aftermarket. Tenneco’s principal brand names are Monroe®, Walker®, XNOx® and Clevite®Elastomers.
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 due to delays in the adoption or enforcement of worldwide emissions regulations 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, 2016.
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