BRUSSELS, Belgium – October 2, 2008 – WABCO Holdings Inc. (NYSE: WBC), a global technology leader in the commercial vehicle industry, today announced the extension of a long-term agreement to supply ZF with transmission automation systems for their "AS Tronic" and "AS Tronic lite" automatic transmissions. WABCO’s extended contract with ZF, one of the world’s leading automotive industry suppliers specializing in driveline and chassis technologies, is worth several hundred million U.S. dollars in cumulative sales into the next decade.
“As a technology leader in transmission automation, we are passionate about working with ZF as their transmission systems continue to set new standards and strengthen their market position,” said Jacques Esculier, WABCO Chief Executive Officer. “ZF is an industry leader in modern commercial vehicles and we are proud to be their partner as they pursue growth and increased market penetration for their transmissions.”
WABCO supplies transmission automation systems that enable a manual transmission to be operated automatically. WABCO’s technology uses mechatronics, which combines mechanical systems with electronics and computational algorithms to enable more efficient and reliable performance.
“This commitment strongly supports ZF in delivering the most advanced driveline technology to their customers on a continual basis,” said Hans-Jürgen Sander, WABCO Vice President, Driveline Controls. “Our passion is to help set new standards of economy, safety and convenience for the AS Tronic line of automatic transmissions.”
About WABCO
WABCO Vehicle Control Systems is one of the world's leading providers of electronic braking, stability, suspension and transmission automation systems for heavy duty commercial vehicles. Customers include the world’s leading commercial truck, trailer, and bus manufacturers. Founded in the U.S. in 1869 as Westinghouse Air Brake Company, WABCO was acquired by American Standard in 1968 and spun off in 2007. Headquartered in Brussels, Belgium, WABCO employs more than 7,700 people in 31 countries worldwide. In 2007, WABCO’s total sales were $2.4 billion. WABCO is a publicly traded company and is listed on the New York Stock Exchange with the stock symbol WBC. Website: www.wabco-auto.com
Media, investors and financial analysts contact
Mike Thompson, +32 (2) 663 9854, mike.thompson@wabco-auto.com
Jason Campbell, +1 732 369 7477, jason.campbell@wabco-auto.com
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