Tenneco Inc. (ticker: TEN, exchange: New York Stock Exchange)
September 13, 2017
TENNECO TECHNOLOGIES AT IAA INTERNATIONAL MOTOR SHOW CAPITALIZE ON KEY TRENDS DRIVING THE INDUSTRY
Frankfurt, Germany, September 13, 2017 –Tenneco Inc. (NYSE:TEN), today showcased its latest solutions at the 2017 IAA that help its global customers capitalize on future market, regulatory and technology trends. The company outlined its key growth drivers for Ride Performance and Clean Air, demonstrating how its technologies align with these trends.
“Tenneco is leveraging its capabilities and technical expertise to create products that support current customer needs while developing solutions that anticipate and respond to trends driving the industry tomorrow,” said Brian Kesseler, Tenneco Chief Executive Officer. “Whether it is tightening global emissions regulations, autonomous driving that will magnify the need for active suspension systems, mobility models that will increase demand for replacement parts or electrification that presents NVH and acoustic challenges as well as additional content on hybrid vehicles, Tenneco has the solutions in development today to address these needs.”
Regulatory Requirements, Future Powertrain Strategies Drive Clean Air Growth
Tenneco continues to partner with customers to provide the right Clean Air solutions as ICE and hybrid powertrains continue their growth and evolution. An estimated 96 percent of light vehicles produced in 2027* will feature an internal combustion engine (ICE). These engines will require up to 30 percent** more regulatory content than today’s engines, creating growth opportunities.
Hybrid electric vehicles utilize battery packs that consume a significant amount of space in the combined powertrain, creating the need for unique exhaust system packaging that can meet emissions standards. Tenneco’s expertise in systems integration has enabled the company to develop solutions that can accommodate these stringent packaging and content requirements.
Autonomous Driving and Advanced Suspension
Tenneco is well-positioned to support autonomous driving, with its comprehensive portfolio of Monroe® Intelligent Suspension technologies that are designed to differentiate the ride performance of customers’ vehicles. The company’s range of advanced technologies support both active and semi-active suspension systems, creating optimal ride and handling without compromising vehicle performance. The suspension system will play an important role in autonomous driving as it uses road input data to maximize driver comfort and deliver a smoother ride as part of an active safety system.
Mobility Models Create Increased Demand for Replacement Parts
Tenneco’s well-known Monroe® aftermarket suspension products feature premium solutions that support future mobility models. As the number of vehicle miles driven increases due to ride and car sharing, the company anticipates an increase in vehicle wear and tear and the need for quality replacement parts.
Electrification Drives the Need for NVH, Acoustic Solutions
As vehicle electrification continues to evolve, Tenneco’s global NVH solutions play an important role in this expanding market segment, providing customized noise, vibration and harshness (NVH) products that are a key component in any ICE, hybrid or electric vehicle powertrain strategy. In the area of acoustics, Tenneco’s Clean Air division has solutions in place including its Smart Sound active noise cancellation technology to address pass-by noise requirements or improve engine sound profiles in mild hybrid powertrains.
* IHS Automotive 10-Year Projections (July 2017).
**IHS Automotive and Tenneco estimates.
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 ride performance and clean air 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/A for the year ended December 31, 2016.
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Tenneco Media Relations
Tenneco Media Relations
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