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Published in House and Home on Thursday, October 6th 2011 at 4:06 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
October 06, 2011 07:00 ET
WABCO Announces Agreement with IVECO to Supply Anti-Lock Braking Systems with Breakthrough Technology to Certify Electronic Stability Control
BRUSSELS, BELGIUM--(Marketwire - Oct. 6, 2011) - WABCO Holdings Inc. (NYSE:WBC) ([ www.wabco-auto.com ]), a global technology leader and tier-one supplier to the commercial vehicle industry, today announced that it has entered into a long term agreement with IVECO to supply innovative anti-lock braking systems (ABS) with WABCO's breakthrough ESCsmart™ technology that certifies electronic stability control (ESC) for commercial vehicles. IVECO is a global manufacturer of commercial vehicles headquartered in Turin, Italy, and part of FIAT Industrial Group.
WABCO's ABS and ESCsmart technologies will equip Fiat's Eurocargo Euro 6 medium duty on-road trucks starting in 2013 for series production in Europe.
WABCO's ESCsmart is the commercial vehicle industry's first and most efficient technology of its kind to homologate ESC, saving significant time and labor for truck and bus manufacturers.
This multi-year contract represents new business and further expands WABCO's long established supply relationship with IVECO. The company furnishes IVECO's heavy duty on-road trucks with ABS, ESC, electronic braking and electronically controlled air suspension systems, as well as air compressor technology, braking products, adaptive cruise control and vehicle control modules, among other vehicle components.
"This new contract with IVECO is another mark of technology leadership as we continue to contribute to IVECO's success in Europe through WABCO innovations that increase vehicle safety performance and maximize reliability," said Jean-Christophe Figueroa, WABCO Vice President, Vehicle Control Systems. "With ESCsmart technology, IVECO can respond faster to market needs by introducing new vehicle types within significantly shorter development phases as we help optimize the total cost and effort of adopting electronic stability control."
About WABCO
WABCO (NYSE:WBC) is a leading global supplier of technologies and control systems for the safety and efficiency of commercial vehicles. For over 140 years, WABCO has pioneered breakthrough electronic, mechanical and mechatronic technologies for braking, stability and transmission automation systems supplied to the world's leading commercial truck, trailer and bus manufacturers. With sales of $2.2 billion in 2010, WABCO is headquartered in Brussels, Belgium. For more information, visit [ www.wabco-auto.com ].
