Tenneco Inc. (ticker: TEN, exchange: New York Stock Exchange)
November 5, 2019
NATIONAL® OIL SEALS LAUNCHES UNIQUE HAND INSTALLABLE SEAL TO AID INSTALLATION PROCESS
Equipped with National’s breakthrough Dynamic Edge® technology, hand installable seals are installed quickly, without tools
Southfield, Mich., November 5, 2019…National® Oil Seals, a trusted brand from DRiV™ for over 75 years, has launched an exclusive new application-specific hand install Red 375 Series seal with Dynamic Edge® technology for commercial vehicles. Designed to simplify installation, National’s hand installable seals offer tool-free, on-the-fly installation that eliminates the need to find the correct installation tool; and saves potential damage to the seal through incorrect installation.
Originally introduced in 2011, National’s Dynamic Edge technology brought a new level of protection to commercial vehicle wheel-end applications through its ability to deflect contaminants from the wheel end components, eliminating leading causes of premature seal and bearing failure. Its labyrinth design slows contamination into the seal via the creation of a longer pathway that makes it more difficult for dirt and other impurities to infiltrate the seal. Unique design features make for easy installation and rib technology maintains positive bore retention, assuring the seal stays in place during the service life.
“For over 75 years, the National brand has developed a reputation for engineering quality and developing dependable products for virtually any type of wheel-end repair,” said Greg Upton, National product manager. “The National hand install seal is another innovation that will help fleets and operators minimize their downtime through ease of installation, in addition to preventing early seal failure due to contamination.”
Available for five popular applications, the 375 Series Dynamic Edge hand installable seal is manufactured in the United States at our Van Wert, Ohio, facility.
For more information, contact your local DRiV representative.
About DRiVTM - the future Aftermarket and Ride Performance Company
Following Tenneco Inc.’s (NYSE: TEN) expected separation to form two 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 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 separation of the Aftermarket & Ride Performance business from the Powertrain Technology business (or achieve some or all of the anticipated benefits of such a separation); 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.
Bill Dawson (DRiV) – 847.482.5807
Karen Shulhan (DRiV) – 248.354.4383