SOURCE: Woodward Governor Company

December 07, 2006 20:02 ET

Woodward and Tenneco to Collaborate on New Diesel Aftertreatment Technology

Companies Announce Joint Development Agreement

ROCKFORD, IL and LAKE FOREST, IL -- (MARKET WIRE) -- December 7, 2006 -- Woodward Governor Company (NASDAQ: WGOV) and Tenneco Inc. (NYSE: TEN) announced today that the companies entered into a joint development agreement to develop a range of low-emission aftertreatment burner systems with Woodward SmartFire combustion control systems for regeneration of diesel particulate filters (DPFs).

The new aftertreatment burner system with the SmartFire control technology will be designed to raise exhaust gas temperatures to the necessary levels for the diesel particulate filter to burn off built-up particulate matter. The goal is to develop the technology initially for on-highway medium-duty diesel vehicles, Class 3 and above. These vehicles are often used in situations where the engines don't run long enough or at hot enough temperatures to regenerate a diesel particulate filter with conventional technology.

The new diesel aftertreatment systems with the SmartFire control technology will be designed to help original equipment manufacturers (OEMs) meet current and future global emissions requirements while maintaining engine performance. The global market for active DPF regeneration systems is expected to grow significantly by 2012 as new emissions regulations become effective, first in Japan, followed by North America and Europe.

There is also significant opportunity within the diesel retrofit market where regeneration on urban vehicles is difficult to achieve with today's current technology.

"Together Woodward and Tenneco plan to bring this diesel aftertreatment regeneration technology to our customers to help them meet increasingly stringent emission standards. This agreement builds on our Energy Control and Optimization Solutions Strategy by expanding our advanced combustion control capabilities into adjacent markets, such as on-highway diesel trucks," said Chad Preiss, Woodward vice president, general manager Industrial Controls.

"We're very happy to be working with Woodward on a next-generation diesel particulate filter regeneration technology that will fill a gap in the market place and will further enhance Tenneco's leadership in diesel aftertreatment systems," said Lois Boyd, vice president and general manager, commercial vehicle segment. "A diesel particulate filter that incorporates Woodward's SmartFire control technology will allow us to offer a unique and effective emissions control solution for vehicles that run at relatively lower temperatures."

The system will be designed to independently monitor the DPF condition and start the regeneration process by igniting built-up particulates under any engine condition. The temperature will be carefully controlled to rise and maintain at the regeneration temperature until the DPF has fully regenerated.

About Woodward

Woodward is the world's largest independent designer, manufacturer, and service provider of energy control solutions for aircraft engines, industrial and turbine engines for power generation, and mobile industrial equipment. The company's innovative control, fuel delivery, and combustion systems help customers worldwide operate cleaner, more reliable, and cost effective equipment. Woodward is headquartered in Rockford, Illinois, and serves global power generation, transportation, process industries, and aerospace markets from locations worldwide. Visit the company's web site at www.woodward.com.

About Tenneco

Tenneco is a $4.4 billion manufacturing company with headquarters in Lake Forest, Illinois and approximately 19,000 employees worldwide. Tenneco is one of the world's largest designers, manufacturers and marketers of emission control and ride control products and systems for original equipment and aftermarket customers. Tenneco markets its products under well-known brands including Monroe®, Walker®, Gillet® and Clevite®Elastomer brand names.

Many of the statements in this press release concerning the diesel aftertreatment systems under development and the market therefor reflect the companies' current expectations and are forward-looking statements that involve risks and uncertainties. These forward-looking statements can be identified by their use of terms such as "will," "plan" and "expect." Actual results could differ materially from the results described in these forward-looking statements and neither Woodward nor Tenneco has any obligation to update these forward-looking statements. Neither Woodward nor Tenneco can guarantee if or when commercial sale of the diesel aftertreatment systems will occur. Other factors that could affect performance and could cause actual results to differ materially from the results described in these forward-looking statements are described in Woodward's Annual Report on Form 10-K for the year ended September 30, 2006 and in Tenneco's Annual Report on Form 10-K for the year ended December 31, 2006.

Contact Information

  • Contacts:

    Rose Briani-Burden
    Woodward
    Business Communications
    815-639-6282

    Jane Ostrander
    Tenneco
    847-482-5607
    jostrander@tenneco.com