SOURCE: WABCO Holdings Inc.

April 27, 2010 07:00 ET

WABCO Wins Over $460 Million in New Business for 2011 Through 2015, Reflecting Contracts Awarded Globally During Past Four Quarters

BRUSSELS, BELGIUM--(Marketwire - April 27, 2010) -  WABCO Holdings Inc. (NYSE: WBC) [www.wabco-auto.com], a global technology leader and tier-one supplier to the commercial vehicle industry, today announced that during the past four quarters WABCO won contracts with customers globally totaling more than $460 million of expected cumulative incremental business from 2011 through 2015.

During Q2, Q3 and Q4 2009 and Q1 2010, WABCO gained new incremental business for the five-year period from 2011 through 2015, separate from replacement and renewal of existing contracts. The new business comprises orders largely for WABCO air compression and braking technologies and products; valve products for vehicle dynamics systems; driveline control technologies and products; and vacuum pumps as components of braking systems for passenger cars with diesel or gasoline direct injection engines.

Approximately one half of WABCO's incremental business from 2011 through 2015 is secured by customer contracts in Europe while around one third is in Asia.

"In the past four quarters, WABCO increased by 8.5 percent its average rate of quarterly new business growth for the next five years, compared with what we reported a year ago, which further contributes to increasing WABCO's content per vehicle," said Jacques Esculier, WABCO Chairman and Chief Executive Officer. "This uptick in customer contracts from 2011 through 2015 shows the long term potential of WABCO's growth in every region of the world. WABCO's technology leadership will also continue to provide new opportunities for incremental revenues as we move through 2010 and beyond."

About WABCO

WABCO Vehicle Control Systems (NYSE: WBC) 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 $1.5 billion in 2009, WABCO is headquartered in Brussels, Belgium. For more information, visit www.wabco-auto.com

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