Tenneco Inc. (ticker: TEN, exchange: New York Stock Exchange) News Release
March 30, 2016
TENNECO SUPPLIES SEMI-ACTIVE SUSPENSION TECHNOLOGY ON NEW INFINITI Q50 AND Q60 SPORTS COUPE
Lake Forest, Illinois, March 30, 2016 – Tenneco Inc. (NYSE: TEN) announced today that Infiniti is launching Tenneco´s continuously variable semi-active suspension (CVSAe) technology on its 2016 Q50 sedan and all-new Q60 coupe as part of the vehicle’s Dynamic Digital Suspension system (DSS). The Infiniti DSS system gives drivers the option of adjusting the feel and handling of their ride by selecting comfort, sport or sport plus driving modes.
CVSAe, part of the Monroe® Intelligent Suspension portfolio, adjusts to changing road conditions in real time. It continuously senses the road and driving conditions and adjusts the suspension within milliseconds, offering enhanced ride comfort with outstanding dynamic response.
“We are delighted to add Infiniti, a global premium brand, to our growing list of customers who want to partner with Tenneco to differentiate their ride performance with advanced electronic suspension systems,” said Enrique Orta, Tenneco senior vice president, Ride Performance. “Our Monroe® Intelligent Suspension portfolio continues to gain traction with the world’s vehicle manufacturers with a full range of electronic technology options.”
Infiniti is the first Japanese luxury brand to choose CVSAe dampers. CVSAe for the Infiniti Q50 and Q60 are being produced at Tenneco‘s manufacturing facility in Ermua, Spain. The vehicles are being assembled at Nissan’s Tochigi manufacturing plant in Japan.
About Monroe® Intelligent Suspension
CVSAe is part of the Monroe® Intelligent Suspension portfolio, which includes adaptive suspension solutions (Dual Mode) for compact cars and semi-active solutions with external valve (CVSAe), internal valve (CVSAi) and two independent valves (CVSA2) for mid-range and higher-end cars. The portfolio also includes CVSA2/Kinetic® and ACOCAR® active suspension solutions for premium luxury cars, high-end sports cars and SUVs with off-road capability. Visit www.monroeintelligentsuspension.com for more information.
Tenneco is an $8.2 billion global manufacturing company with headquarters in Lake Forest, Illinois and approximately 30,000 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 and commercial vehicle 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, 2015.
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