LAKE FOREST, Ill., May 17, 2019 /PRNewswire/
-- DRiV™, a Tenneco Inc. (NYSE: TEN) business and
leading global aftermarket and ride performance supplier, has
announced that advanced suspension technology from its
Monroe® Intelligent Suspension portfolio is included on
the fifth-generation, 2020 Toyota GR Supra sports coupe. The
company's Continuously Variable Semi-Active (CVSAe) suspension
technology will be featured on the coupe, which will be available
for sale in spring 2019.
Based on a triple-tube design, CVSAe suspension technology
continuously senses road and driving conditions and independently
adjusts each damper in real time for a superior ride performance.
Each shock features an externally mounted electronic CES8700 valve
from Öhlins (a DRiV™ company) that connects to a
central electronic control unit (ECU) that can realign damping
settings every 10 milliseconds to achieve optimal ride comfort and
control.
"CVSAe technology is a proven, leading-edge solution engineered
to ensure drivers experience maximum comfort and enjoyment behind
the wheel," said Neville Rudd,
senior vice president and general manager, OE shocks and struts,
DRiV. "This advanced solution is designed to achieve the optimal
balance of performance, comfort and control, helping OEMs to
differentiate vehicle ride and handling characteristics in an
increasingly competitive market."
DRiV is a leader in advanced ride performance systems for OE
applications. The company produces CVSAe suspension systems at its
manufacturing facility in Ermua, Spain.
About Monroe® Intelligent Suspension:
CVSAe is part of
the Monroe® Intelligent Suspension portfolio, which includes
selective suspension solutions (Dual Mode) and semi-active
solutions with external valve (CVSAe), and two independent valves
(CVSA2). The portfolio also includes Kinetic® for pitch and roll
control.
Visit www.monroeintelligentsuspension.com for more
information.
About DRiV™ - the future
Aftermarket and Ride Performance Company
Following Tenneco's expected separation to form two new,
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.
Safe Harbor
This release contains forward-looking statements. These
forward-looking statements include, but are not limited to, (i) all
statements, other than statements of historical fact, included in
this communication that address activities, events or developments
that we expect or anticipate will or may occur in the future or
that depend on future events and (ii) statements about our future
business plans and strategy and other statements that describe
Tenneco's outlook, objectives, plans, intentions or goals, and any
discussion of future operating or financial performance. These
forward-looking statements are included in various sections of this
communication and the words "may," "will," "believe,"
"should," "could," "plan," "expect," "anticipate," "estimate," and
similar expressions (and variations thereof) are intended to
identify forward-looking statements. Forward-looking statements
included in this release concern, among other things, Tenneco's
plans, objectives and expectations; future financial and operating
results; and other statements that are not historical facts.
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 spin-off of the
Aftermarket & Ride Performance business from the Powertrain
Technology business (or achieve some or all of the anticipated
benefits of such a spin-off); the possibility that the acquisition
of Federal-Mogul or the spin-off 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 spin-off,
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 spin-off may not advance Tenneco's business
strategy; the risk that the combined company may experience
difficulty integrating all employees or operations; the potential
diversion of Tenneco management's attention resulting from the
transaction; 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.
Media
contacts:
|
|
|
Bill
Dawson
|
Simonetta
Esposito
|
Media Relations –
North America
|
Media Relations –
Europe
|
847
482-5807
|
32 (0) 2 706
9232
|
bdawson@tenneco.com
|
sesposito@tenneco.com
|
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SOURCE Tenneco Inc.