Federal-Mogul's Monosteel(R) Piston Wins 2006 ''Automotive News'' PACE (Premier Automotive Suppliers' Contribution to Excellence) Award
SOUTHFIELD, Mich.--April 5, 2006--Federal-Mogul Corporation's (OTCBB:FDMLQ) Monosteel(R) Piston received the 2006 "Automotive News" PACE Award during a ceremony held April 3 in Detroit, Michigan. This prestigious award recognizes superior innovation, technological advancement and business performance among suppliers who contribute products, processes, materials or services directly to car and truck manufacturers.Federal-Mogul's award-winning Monosteel Piston was recognized in the product category. Federal-Mogul also won two honorable mentions for Sealing Systems products - FLAT-INSTALL(R) Crankshaft Seal and LEM(R) (Liquid Elastomer Molded) Gasket.
The Monosteel Piston's innovative technology addresses the increasing thermal, mechanical, abrasive and corrosive challenges placed on heavy-duty diesel engines resulting from emissions regulations. Federal-Mogul's engineers developed a way to friction-weld lightweight steel components together creating a tough single-assembly piston, known as Monosteel. Federal-Mogul's manufacturing methods build in generous oil galleries for better cooling, achieving better internal support shapes for high strength.
Chairman, President and CEO Jose Maria Alapont said the PACE Award recognizes Federal-Mogul's dedication to innovation and technology.
"Winning the PACE Award - and earning two honorable mentions - truly demonstrates our commitment to provide customers with the most innovative technologies, and leading products and services," he said. "On behalf of Federal-Mogul, I would like to thank our employees who worked tirelessly to bring these products to the market at the most competitive cost, and our customers who believe in our world-class quality and technology."
The "Automotive News" PACE Award is viewed around the world as the industry symbol of innovation. PACE Award winners were chosen following an extensive review by an independent panel of judges, including a comprehensive written application and a site visit.
About Federal-Mogul
Federal-Mogul is a global supplier of automotive components, systems and modules serving the world's original equipment manufacturers and the global aftermarket. The company utilizes its engineering and materials expertise, proprietary technology, manufacturing skill, distribution flexibility and marketing power to deliver products, brands and services of value to its customers. Federal-Mogul is focused on global profitable growth to create value for and bring greater satisfaction to its customers, employees and stakeholders.
Headquartered in Southfield, Michigan, the Company employs 42,000 people worldwide. Federal-Mogul was founded in Detroit in 1899. The Company's principal customers include many of the world's foremost original equipment manufacturers of automotive, light commercial, heavy-duty truck, agricultural, marine, rail and industrial vehicles and equipment as well as the worldwide aftermarket. Federal-Mogul's aftermarket products are sold under a variety of power brands, including but not limited to, AE(R) engine products, ANCO(R) wipers, Champion(R) spark plugs and wipers, Fel-Pro(R) gaskets, Ferodo(R) brake pads, Glyco(R) bearings, Goetze(R) piston rings, Moog(R) chassis products, National(R) wheel-end components, Nural(R) pistons, Payen(R) gaskets, Sealed Power(R) engine products and Wagner(R) lighting and brake products.
For more information on Federal-Mogul, visit the company's Web site at www.federal-mogul.com.
Note to Editors: There should be an accent symbol over the "e" in "Jose" above. Also, there should be an umlaut over the "u" in "Nural" above.