Tenneco Inc. (ticker: TEN, exchange: New York Stock Exchange) News Release
September 16, 2015
TENNECO TO LAUNCH TWO NEW TECHNOLOGIES FROM MONROE® INTELLIGENT SUSPENSION PORTFOLIO IN SERIES PRODUCTION
Company chosen for prestigious new vehicle platforms. Grows penetration of innovative and advanced suspension technologies. Increases content per vehicle
Frankfurt, Germany, September 16, 2015 – Tenneco (NYSE: TEN) announced today that two new advanced suspension technologies in its Monroe® Intelligent Suspension portfolio will be launched in series production by the end of 2015. CVSA2, the newest generation of Tenneco’s continuously variable semi-active suspension, will be launched on a luxury supercar, while Dual Mode adaptive shock absorbers will debut on a mid-sized performance road car.
“Monroe® Intelligent Suspension is the key to a differentiated driving experience, said Enrique Orta, executive vice president, Tenneco Ride Performance. “We are delighted to work with our original equipment (OE) customers to help deliver the driving experiences that precisely reflect the specific brand characteristics of the vehicles concerned.”
The Monroe® Intelligent Suspension portfolio offers a range of systems that can be tailored to very specific OE customer requirements for ride, handling and comfort. It provides dynamic driving solutions for all vehicle segments from compact cars to supercars. Common to all technologies in the Monroe® Intelligent Suspension portfolio are the intelligent shock absorbers. These act as a sixth sense, working constantly with the driver and the vehicle to adapt to the desired driving experience and road conditions to enhance driving pleasure and increase the feeling of security.
CVSA2 is Tenneco’s newest generation of lightweight semi-active dampers. It offers significant improvements in ride performance from single valve technology as each damper features two independent electro-hydraulic valves for the rebound and compression motions to provide an increased tuning range for even greater vehicle dynamics and higher comfort levels.
Dual Mode is an adaptive suspension solution for the small and medium vehicle segments, offering drivers the choice of different suspension modes, a feature previously only available to the large and luxury vehicle segments. The switchable shock absorbers offer drivers a choice of suspension modes by using an intelligent valve that opens or closes to provide softer damping for improved comfort, or firmer damping for a more muscular ride.
The success of CVSAe, Tenneco’s first-generation semi-active suspension system has been launched on 37 vehicle models, which has provided the foundation for further growth in advanced suspension technologies. Tenneco is currently quoting applications for Dual Mode on four new compact and mid-sized vehicle platforms and a further five new applications for CVSA2 on luxury vehicles.
“We see a significant increase in interest for Monroe® Intelligent Suspension as consumers demand a more interactive and dynamic driving experience,” Orta said. “We are confident that our significant experience in intelligent suspension technologies and the strength of our Monroe® brand position us for continued growth."
Tenneco is displaying these and other ride performance technologies at its exhibit during the 2015 Frankfurt Motor, September 15-27, Hall 5.1, Stand A20.
About Monroe® Intelligent Suspension:
The Monroe® Intelligent Suspension portfolio includes adaptive suspension solutions (Dual Mode) 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 $8.4 billion global manufacturing company with headquarters in Lake Forest, Illinois and approximately 29,000 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, 2014.
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