SOUTHFIELD, Mich., Nov. 6, 2019 /PRNewswire/ -- DRiV™'s National® brand, offering premium wheel-end solutions for over 75 years, has introduced a new dual encoder bearing for automotive applications. Currently, National's dual encoder bearings are available for over 38 million vehicles in operation.
Typical installation of a single encoder bearing requires the face of the magnetic encoder be fitted inwardly on the vehicle, facing away from the tire. There are no markings indicating where the encoder is, making it difficult for a technician to install these bearings correctly the first time. National's new dual encoder bearings, with SureSignal™ Technology, contains magnetic encoders on both sides of the bearing, eliminating installation error and potentially saving technicians time and money, allowing them to work on other jobs. Each dual encoder bearing brings National's commitment to providing the most advanced technologies and solutions for modern vehicles.
"Continuing with DRiV's innovative solutions philosophy, we are excited to introduce a new technology to our product line that will aid technicians in their daily installations, and help them get the job done quickly," said Alexandra Howe, Wheel-End Product Line manager. "We plan to continue to expand the number of applications available to techs so that they can provide the latest innovations to their end customers."
For more information, contact your DRiV representative or visit the National website at drivheavydutyparts.com.
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