Tenneco Inc. (ticker: TEN, exchange: New York Stock Exchange)

May 17, 2019

 
DRIV™ TO SUPPLY MONROE INTELLIGENT SUSPENSION TECHNOLOGY ON 2020 TOYOTA GR SUPRA SPORTS COUPE

Lake Forest, Illinois, May 17, 2019 – DRiVTM, a Tenneco Inc. (NYSE: TEN) business and leading global aftermarket and ride performance supplier,  has announced that advanced suspension technology from its Monroe® Intelligent Suspension portfolio is included on the fifth-generation, 2020 Toyota GR Supra sports coupe. The company’s Continuously Variable Semi-Active (CVSAe) suspension technology will be featured on the coupe, which will be available for sale in spring 2019.

Based on a triple-tube design, CVSAe suspension technology continuously senses road and driving conditions and independently adjusts each damper in real time for a superior ride performance. Each shock features an externally mounted electronic CES8700 valve from Öhlins (a DRiV™ company) that connects to a central electronic control unit (ECU) that can realign damping settings every 10 milliseconds to achieve optimal ride comfort and control.

 “CVSAe technology is a proven, leading-edge solution engineered to ensure drivers experience maximum comfort and enjoyment behind the wheel,” said Neville Rudd, senior vice president and general manager, OE shocks and struts, DRiV. “This advanced solution is designed to achieve the optimal balance of performance, comfort and control, helping OEMs to differentiate vehicle ride and handling characteristics in an increasingly competitive market.”

DRiV is a leader in advanced ride performance systems for OE applications. The company produces CVSAe suspension systems at its manufacturing facility in Ermua, Spain.

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.

Safe Harbor

This release contains forward-looking statements. These forward-looking statements include, but are not limited to, (i) all statements, other than statements of historical fact, included in this communication that address activities, events or developments that we expect or anticipate will or may occur in the future or that depend on future events and (ii) statements about our future business plans and strategy and other statements that describe Tenneco’s outlook, objectives, plans, intentions or goals, and any discussion of future operating or financial performance. These forward-looking statements are included in various sections of this communication and the words  “may,” “will,” “believe,” “should,” “could,” “plan,” “expect,” “anticipate,” “estimate,” and similar expressions (and variations thereof) are intended to identify forward-looking statements. Forward-looking statements included in this release concern, among other things, Tenneco's plans, objectives and expectations; future financial and operating results; and other statements that are not historical facts. 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 spin-off 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 spin-off, 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 spin-off may not advance Tenneco's business strategy; the risk that the combined company may experience difficulty integrating all employees or operations; the potential diversion of Tenneco management’s attention resulting from the transaction; 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.

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Media contacts:
Bill Dawson
Media Relations – North America
847 482-5807
bdawson@tenneco.com

Simonetta Esposito
Media Relations – Europe
32 (0) 2 706 9232
sesposito@tenneco.com

 

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