Globe Newswire 14-Jan-2019 6:30 AM
BRUSSELS, Belgium, Jan. 14, 2019 (GLOBE NEWSWIRE) -- WABCO Holdings Inc. (NYSE:WBC) (www.wabco-auto.com), the leading global supplier of braking control systems and other advanced technologies that improve the safety, efficiency and connectivity of commercial vehicles, today announced a global long-term agreement to supply its next generation automated manual transmission (AMT) control technology to Daimler, one of the world's largest commercial vehicle producers.
WABCO will develop and introduce its next generation AMT control technology into Daimler‘s global truck and bus series production. With a lighter-weight, robust and more compact design, WABCO's new gearbox control unit reduces noise levels, optimizes gear shifting performance and increases driver comfort. In addition, the innovative new system is designed to support an extensive range of different truck types, gearboxes and market specific functionalities, which will support global AMT technology to further increase penetration in all regions.
With over four million systems sold, WABCO is the global market leader for AMT control solutions. Removing the repetition and exertion of manual gear changing operations by optimally automating gear-shifting, WABCO's AMT solutions help to improve vehicle safety and comfort for commercial vehicle drivers. Eliminating the distraction of gear changing in diverse driving conditions and environments, the system enables drivers to fully focus their attention on the road. It also removes any performance and efficiency gaps between skilled and less experienced drivers.
"We are deeply honored to receive this significant contract for our next generation AMT controls from Daimler which reflects their continued confidence in WABCO's relentless innovation and technology leadership," said Nick Rens, WABCO President, EMEA. "Confirming our global market leadership, this latest agreement with Daimler will help powerfully drive WABCO's sustained outperformance as market penetration of our AMT controls increases and as we raise the technology bar further in support of our OEM and fleet customers globally."
First to market in 1986 with automated manual transmission control technology for commercial vehicles, WABCO is the global market leader for AMT systems. WABCO's world-class engineers and global supply chain are in close proximity to major vehicle and transmission makers worldwide, providing high levels of system integration and localization. WABCO's AMT technology also provides original equipment manufacturers value through reduced component weight, more compact design and simplified assembly processes, resulting in lower installation and manufacturing costs.
WABCO (NYSE:WBC) is the leading global supplier of braking control systems and other advanced technologies that improve the safety, efficiency and connectivity of commercial vehicles. Originating from the Westinghouse Air Brake Company founded nearly 150 years ago, WABCO is powerfully "Mobilizing Vehicle Intelligence" to support the increasingly autonomous, connected and electric future of the commercial vehicle industry. WABCO continues to pioneer innovations to address key technology milestones in autonomous mobility and apply its extensive expertise to integrate the complex control and fail-safe systems required to efficiently and safely govern vehicle dynamics at every stage of a vehicle's journey – on the highway, in the city and at the depot. Today, leading truck, bus and trailer brands worldwide rely on WABCO's differentiating technologies. Powered by its vision for accident-free driving and greener transportation solutions, WABCO is also at the forefront of advanced fleet management systems and digital services that contribute to commercial fleet efficiency. In 2017, WABCO reported sales of $3.3 billion and has nearly 15,000 employees in 40 countries. For more information, visit www.wabco-auto.com and, for WABCO's 2017 Annual Report, visit ar.wabco-auto.com.
WABCO global media contact
Nina Friedmann, +49 69 719 168 171, email@example.com
WABCO investors and analysts contact
Sean Deason, +1 248 270 9287, firstname.lastname@example.org
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