Tenneco Inc. (ticker: TEN, exchange: New York Stock Exchange) News Release
April 15, 2015
TENNECO TO SUPPLY NEW FORD FOCUS AND FORD C-MAX WITH HIGH PERFORMANCE SUSPENSION TECHNOLOGY
Company supports latest launches in Ford’s global C-Car platform with Multi-Tuned Valve (MTV) damper technology
Brussels, Belgium, April 14, 2015 – Tenneco Inc. (NYSE: TEN) announced today that Ford has chosen Tenneco’s high-performance damper technology for its new Ford Focus and Ford C-MAX, both of which are built on Ford’s C-Car global platform. According to Ford, these latest launches introduce a number of advanced new technologies focused on enhanced comfort, safety and ride quality.
Tenneco’s Multi-Tuned Valve (MTV) is a cost-effective twin tube valve system that provides a wide range of tuning options. MTV offers improved shock absorber performance and durability compared to conventional valves, and enables the optimum balance between body control and driver comfort.
“We are proud to work with Ford to integrate our innovative MTV technology as a standard suspension feature on the all-new Ford Focus and Ford C-MAX models,” said Sandro Paparelli, vice president and general manager, Europe Ride Performance. “Our engineers deliver tailored suspension solutions that help enhance both vehicle dynamics and driver comfort, making Tenneco a partner of choice for customers who wish to differentiate a vehicle's suspension performance and create a signature ride.”
Tenneco’s MTV technology complements Ford’s Enhanced Transitional Stability system which debuts on the new Ford Focus.
About Tenneco MTV Technology:
The extremely flexible Tenneco Multi-Tuned Valve technology can be applied to a wide range of vehicles – from compact to premium class. MTV technology accommodates up to four different valve architectures, each of which provides a unique character targeted to specific vehicle ride or handling characteristics. These architectures are built by modifying the order and size of the spring discs assembled into the valve. They provide a wide range of tuning options and each architecture can be tuned over the entire damping curve to offer improved shock absorber performance and durability. All architectures can be made using the standard spring steel components available in the valve package.
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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