Tenneco Inc. (ticker: TEN, exchange: New York Stock Exchange)
May 25, 2017
TENNECO SUPPLIES SUSPENSION TECHNOLOGY ON THE NEW PEUGEOT 3008 SUV
Lake Forest, Illinois, May 25, 2017 – Tenneco Inc. (NYSE: TEN) announced today that its Multi-Tuned Valve (MTV) suspension technology is featured on the new PEUGEOT 3008 SUV, which was named 2017 European Car of the Year during the Geneva Motor Show in Switzerland earlier this year.
Tenneco’s MTV valve technology offers improved damper performance and durability compared to conventional passive valve designs and enables the optimum balance between body control and driver comfort. This clamped-disc, full-displacement valve system is engineered to provide a wide range of shock absorber tuning options, excellent noise characteristics and performance benefits for every road environment.
“We are delighted to support the 2017 European Car of the Year and to continue Tenneco’s long tradition of developing and supplying innovative ride control products that enhance vehicle performance and help deliver a superior driving experience,” said Martin Hendricks, executive vice president and president, Ride Performance, Tenneco.
The Car of the Year is an international award, judged by a panel of senior automotive journalists across Europe. The award recognizes the most outstanding new car to go on sale in the 12 months preceding the annual Geneva Motor Show.
Tenneco is an $8.6 billion global manufacturing company with headquarters in Lake Forest, Illinois and approximately 31,000 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, 2016.
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