22nd
April 2009 - WABCO Wins Over
$530 Million in New Business for 2010 Through 2014, Reflecting Contracts
Awarded Globally During Last Five Quarters
WABCO Holdings, a global
technology leader and tier-one supplier to the commercial vehicle
industry, today announced that during 2008 and Q1 2009 WABCO won
contracts with customers globally totaling more than $530 million
of expected cumulative incremental business for 2010 through 2014.
The company reported that
its incremental business during this five-year period includes customer
contracts for WABCO's new generation of single piston NG22MAX Air Disc
Brake, featuring the industry's most effective weight-to-performance
ratio for heavy duty trucks, as well as incremental orders for
electronic braking systems, new generation anti-lock braking systems,
electronically controlled air suspension systems, compressors, valves
and brake products.
"Looking ahead, WABCO's
growth will continue to be powered by an increasing average content per
vehicle for our systems and products in every region of the world," said
Jacques Esculier, WABCO Chief Executive Officer. "The suite of
14 new technologies and innovative systems that we introduced in 2008
will also continue to provide new opportunities for incremental revenues
as we move through 2009 and beyond."
About WABCO
WABCO Vehicle Control
Systems is a leading supplier of safety and
control systems for 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 $2.6 billion
in 2008, WABCO is headquartered in Brussels, Belgium.
Source:
WABCO Holdings Press Release