Tenneco Inc. (ticker: TEN, exchange: New York Stock Exchange) News Release
March 30, 2016
TENNECO SUPPLYING MONROE® INTELLIGENT SUSPENSION FOR GLOBAL VEHICLE PLATFORM
Lake Forest, Illinois, March 30, 2016 – Tenneco Inc. (NYSE: TEN) announced today that it is supplying its Monroe® Intelligent Suspension as part of the Adaptive M Suspension option on the new BMW 3 Series. Monroe® Intelligent Suspension is designed to respond to changing road conditions within milliseconds and adapt the ride to the driver’s preference for a more dynamic or comfort ride.
According to BMW Group, the continuously variable semi-active ( CVSAe) dampers in the Adaptive M Suspension system help balance uneven roads and terrain vibrations in the comfort setting, while tighter damper settings in the sport setting create a more dynamic feel. The sport plus setting allows drivers to master tight, precise turns and higher cornering speeds.
Drivers can alternate between suspension settings by pressing the “Driving Experience” control button. Sensors on the CVSAe dampers and the steering system continuously transmit data about the condition of the road and the driving situation to an on-board computer, which then adjusts the dampers in real time to get best performance in each of the three selected suspension settings.
“Tenneco is excited that Monroe® Intelligent Suspension has been selected as an option on the new generation BMW 3 Series model, as this is the first compact luxury sports sedan in its category to offer our advanced semi-active technology,” said Enrique Orta, Tenneco senior vice president, Ride Performance. “Monroe® intelligent suspension technology can add value across all vehicle categories, which was also validated in Tenneco’s consumer testing.”
Today, Tenneco supplies CVSAe dampers to BMW for its 1 Series, 2 Series, 3 Series, 4 Series and X3 models.
Tenneco’s CVSAe dampers are engineered at Tenneco Innovación, Ermua, Spain and produced at the company’s advanced manufacturing facility, also in Ermua.
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 due to delays in the adoption or enforcement of worldwide emissions regulations 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.
# # #
Media Relations – Europe
32 (0) 2 706 9025
Media Relations – North America