Tenneco Inc. (ticker: TEN, exchange: New York Stock Exchange)
July 31, 2019
DRIV™ SUPPLYING MONROE® INTELLIGENT SUSPENSION TECHNOLOGY ON ONE OF THE WORLD’S MOST ICONIC SPORT SEDANS
Lake Forest, Illinois, July 31, 2019 – Increasingly, leading automakers are finding that intelligent suspensions are a smart choice for enhancing vehicle dynamics and giving consumers the ability to customize their vehicle’s ride performance. DRiVTM, a Tenneco Inc. (NYSE: TEN) business and leading global aftermarket and OE ride performance supplier, announced today that the Adaptive M Suspension available in 2019 BMW 3 Series models features DRiV CVSAe intelligent suspension technology. One of several advanced electronic suspension solutions offered through DRiV’s Monroe® Intelligent Suspension portfolio, CVSAe technology enables Adaptive M Suspension drivers to adjust the ride of their BMW to experience a more dynamic and enjoyable ride in every driving situation.
CVSAe intelligent suspension technology continuously senses road and driving conditions and adjusts damping levels in real-time for superior comfort and handling in different driving situations. Each electronically controlled shock absorber connects to a central electronic control unit (ECU) that can control damping settings based on sensors monitoring wheel acceleration, body motion and steering angle, and data such as vehicle speed. Via the 3 Series Drive Performance Control, the driver can pre-select Comfort or Sport mode. In Sport mode the vehicle handling feels very agile, while in Comfort mode the suspension smooths out harshness caused by imperfections in the road surface.
“CVSAe and other Monroe Intelligent Suspension technologies play vital roles in helping vehicle manufacturers provide a comfortable, secure and enjoyable driving experience in an extensive range of driving situations,” said Neville Rudd, senior vice president and general manager, DRiV Ride Control. “This CVSAe solution provides highly differentiated, satisfying ride performance for owners of more than 40 leading vehicle models.”
About Monroe® Intelligent Suspension:
CVSAe is part of the Monroe® Intelligent Suspension portfolio, which includes selective suspension solutions (Dual Mode) and semi-active solutions with external valve (CVSAe), and two independent valves (CVSA2). The portfolio also includes Kinetic® for pitch and roll control.
Visit www.monroeintelligentsuspension.com for more information.
About DRiVTM - the future Aftermarket and Ride Performance Company
Following Tenneco’s expected separation to form two new, independent companies, an Aftermarket and Ride Performance company (DRiV) as well as a new Powertrain Technology company, DRiV will be one of the largest global multi-line, multi-brand aftermarket companies, and one of the largest global OE ride performance and braking companies. DRiV’s principal product brands will feature Monroe®, Öhlins®, Walker®, Clevite®Elastomers, MOOG®, Fel-Pro®, Wagner®, Ferodo®, Champion® and others. DRiV would have 2018 pro-forma revenues of $6.4 billion, with 54% of those revenues from aftermarket and 46% from original equipment customers.
This release contains forward-looking statements. These forward-looking statements include, among others, statements relating to our plans to separate into two independent public companies. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to materially differ from those described in the forward-looking statements, including the possibility that Tenneco may not complete the spin-off of the Aftermarket & Ride Performance business from the Powertrain Technology business (or achieve some or all of the anticipated benefits of such a spin-off); the possibility that the acquisition of Federal-Mogul or the separation may have an adverse impact on existing arrangements with Tenneco, including those related to transition, manufacturing and supply services and tax matters; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the risk that the benefits of the acquisition of Federal-Mogul or the separation, including synergies, may not be fully realized or may take longer to realize than expected; the risk that the acquisition of Federal-Mogul or the separation may not advance Tenneco’s business strategy; the risk that Tenneco may experience difficulty integrating all employees or operations; the potential diversion of Tenneco management’s attention resulting from the separation; as well as the risk factors and cautionary statements included in Tenneco’s periodic and current reports (Forms 10-K, 10-Q and 8-K) filed from time to time with the SEC. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Unless otherwise indicated, the forward-looking statements in this release are made as of the date of this communication, and, except as required by law, Tenneco does not undertake any obligation, and disclaims any obligation, to publicly disclose revisions or updates to any forward-looking statements. Additional information regarding these risk factors and uncertainties is detailed from time to time in the company's SEC filings, including but not limited to its annual report on Form 10-K for the year ended December 31, 2018.
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