TRW Produces Ten Millionth Unit of Electric Park Brake Technology
LIVONIA, Mich., Oct. 20, 2009 -- TRW Automotive Holdings Corp. is celebrating the production of its ten millionth Electric Parking Brake (EPB) motor-on-caliper unit at its plant in Koblenz, Germany. The plant is TRW's global technical center for braking systems where the breakthrough EPB technology was developed.
Josef Pickenhahn, vice president, braking engineering commented: "The production of our ten millionth EPB unit marks an important milestone for TRW and highlights the success of our electric parking brake product portfolio. TRW was first to market with its EPB system in 2002 which has since been launched on the Audi A4, A5, VW's Passat and Touran, the latest BMW Z4 and more."
EPB is part of TRW's ongoing commitment to enhance overall brake system performance and driver convenience as it enhances vehicle safety. In addition to providing parking brake functionality, EPB is a fully integral part of the brake system with features such as dynamic actuation and brake pad wear sensing and reduces the degradation associated with mechanical systems. The EPB also significantly enhances safety in emergency stops with full four-wheel anti-lock functionality versus standard park brake emergency braking only on the rear axle.
The EPB functions as a conventional hydraulic brake for standard service brake applications, and as an electric brake for parking and emergency braking. The EPB system, with its electronic cable and control switches, simplifies routing and allows for greater freedom of design for vehicle interiors. Its smaller package becomes even more attractive as vehicle manufacturers continue to requisition vehicle space for new standard features and options.
TRW today remains the global leader for electric park brake systems and continues to invest in innovations such as EPB and its new integrated EPBi system in an effort to deliver advanced and affordable technology and safety.
About TRW
With 2008 sales of $15.0 billion, TRW Automotive ranks among the world's leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, operates in 26 countries and employs approximately 60,000 people worldwide. TRW Automotive products include integrated vehicle control and driver assist systems, braking systems, steering systems, suspension systems, occupant safety systems (seat belts and airbags), electronics, engine components, fastening systems and aftermarket replacement parts and services. All references to "TRW Automotive", "TRW" or the "Company" in this press release refer to TRW Automotive Holdings Corp. and its subsidiaries, unless otherwise indicated. TRW Automotive news is available on the internet at www.trw.com.
Forward-Looking Statements
This release contains statements that are not statements of historical fact, but instead are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers not to place undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements are subject to numerous assumptions, risks and uncertainties which can cause our actual results to differ materially from those suggested by the forward-looking statements, including those set forth in our Report on Form 10-K for the fiscal year ended December 31, 2008 (our "Form 10-K") and in our Reports on Form 10-Q for the quarters ended April 3, 2009 and July 3, 2009, such as: any prolonged contraction in automotive sales and production adversely affecting our results, liquidity or the viability of our supply base; the financial condition of OEMs, particularly the Detroit Three, adversely affecting us or the viability of our supply base; disruptions in the financial markets adversely impacting the availability and cost of credit negatively affecting our business; our substantial debt and resulting vulnerability to economic or industry downturns and to rising interest rates; escalating pricing pressures from our customers; commodity inflationary pressures adversely affecting our profitability or supply base; our dependence on our largest customers; costs of product liability, warranty and recall claims and efforts by customers to adversely alter terms and conditions concerning warranty and recall participation; strengthening of the U.S. dollar and other foreign currency exchange rate fluctuations impacting our results; any increase in the expense and funding requirements of our pension and other postretirement benefits; risks associated with non-U.S. operations, including economic uncertainty in some regions; work stoppages or other labor issues at our facilities or at the facilities of our customers or suppliers; assertions by or against us relating to intellectual property rights; the possibility that our largest stockholder's interests will conflict with ours or our other stockholders' interests; and other risks and uncertainties set forth in our Form 10-K and in our other filings with the Securities and Exchange Commission. We do not undertake any obligation to release publicly any revision to any of these forward-looking statements.
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