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March 22, 2012 07:00 ET
WABCO Announces New Multi-Year Agreement with Major Truck Manufacturer in U.S.A. to Supply Innovative Air Compression Technology Produced in Charleston, South Carolina
BRUSSELS, BELGIUM and LOUISVILLE, KENTUCKY--(Marketwire - March 22, 2012) - 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 new long term agreement with a global truck manufacturer headquartered in the United States to supply innovative twin-cylinder air compression technology to equip diesel engines for premium heavy duty trucks in series production in the U.S.
WABCO supplies this major globally operating customer from WABCO Compressor Manufacturing located in Charleston, South Carolina. This new agreement marks WABCO's third major customer based in the U.S. that is furnished with the company's industry-leading air compression technology from its factory in Charleston where WABCO recently produced its two-millionth air compressor.
Through superb engineering, WABCO's twin-cylinder technology not only provides high performance air compression but also significantly improves air quality. As a result, it improves the overall reliability of the complete air brake system. In addition, WABCO's breakthrough power reduction capabilities decrease power consumption, thus boosting the vehicle's fuel economy, particularly in long haul applications.
"This new long term agreement with yet another major customer based in the United States further strengthens our global technology leadership in air compression management to improve the safety and efficiency of commercial vehicles," said Nikhil Varty, WABCO Vice President, Americas. "Our passion is to continue setting new standards for air compression performance while enabling our customers in North America and internationally to offer safer, more efficient, high quality trucks."
WABCO Breakthroughs
As the technology leader in the global commercial vehicle industry, WABCO's breakthroughs include, among other vehicle safety and efficiency technologies, the first autonomous emergency braking system (AEBS), the first collision mitigation system (CMS) with active braking, and the first electronic stability control (ESC) system. WABCO also pioneered the industry's first electronic braking system (EBS), the first electronically controlled air suspension (ECAS), the first automated manual transmission (AMT) system, the first anti-lock braking system (ABS), and the first high performance single-piston air disc brakes.
Founded in the United States in 1869 as Westinghouse Air Brake Company, WABCO is a U.S. public company listed on the New York Stock Exchange.
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 $2.8 billion in 2011, WABCO is headquartered in Brussels, Belgium. For more information, visit [ www.wabco-auto.com ].