WABCO Holdings Inc.
NYSE : WBC

WABCO Holdings Inc.

April 19, 2011 05:00 ET

WABCO Announces Major Agreement for Advanced Transmission Automation Technology with Shaanxi Fast Gear Company, China's Largest Manufacturer of Heavy Duty Transmissions

BRUSSELS, BELGIUM and SHANGHAI, CHINA--(Marketwire - April 19, 2011) - WABCO Holdings Inc. (NYSE:WBC) (www.wabco-auto.com), a global technology leader and tier-one supplier to the commercial vehicle industry, today announced at Auto Shanghai 2011, the international automotive industry exhibition, that the company has entered into a long term agreement with Shaanxi Fast Gear Company, Ltd., China's largest manufacturer of heavy duty transmissions, to develop and supply WABCO's OptiDrive™ system, a breakthrough in transmission automation technology.

WABCO will furnish OptiDrive systems for Fast Gear's platform of new F-Shift transmission products. Series production is expected to begin during 2011. This new contract with Fast Gear marks yet another major customer on a fast growing list of leading original equipment manufacturers in China and India that have already adopted WABCO's OptiDrive technology.

WABCO's OptiDrive system improves vehicle control and driver effectiveness by automating and optimizing gear shifting. It significantly improves vehicle safety and the driver's comfort as it frees the driver from shifting gears, allowing the driver to concentrate even more on traffic conditions.

By optimizing gear shifting, WABCO's OptiDrive also reduces fuel consumption by up to 5 percent, a major cost saving and environmental benefit over the vehicle's lifetime. With OptiDrive, total cost of vehicle ownership is substantially reduced due to less required maintenance of and less wear on drivetrain components and systems.

WABCO is also the only supplier of compressed air powered automated manual transmission (AMT) systems and OptiDrive is a modular AMT solution. Its modularity significantly reduces the development time required for application to transmission and vehicle platforms. This means higher flexibility and cost efficiencies for manufacturers of transmissions and commercial vehicles.

"As China's leading manufacturer and supplier of heavy duty transmissions, Fast Gear is passionate about technology progress and sustaining our reputation for outstanding new products," said Li Dakai, Chairman of the Board, Shaanxi Fast Auto Drive Group Company. "We leverage OptiDrive's innovation so we can offer our customers benefits such as better vehicle control, increased driver effectiveness, improved fuel efficiency and a greener footprint."

"We are proud of this new agreement with Fast Gear as OptiDrive is our breakthrough in transmission automation technology," said Leon Liu, WABCO President, Asia. "Our commitment with Fast Gear shows further adoption of OptiDrive systems in the growing market for automated manual transmissions in China. It also further strengthens WABCO's leading position in China as we continue to create value for customers through access to our global engineering network and from our world-class local manufacturing facilities."

"Fast Gear marks another innovation achievement in transmission automation technology through OptiDrive, one of the most creatively engineered products in WABCO's portfolio," said Hans-Jürgen Sander, WABCO Vice President, Driveline Control. "WABCO's OptiDrive breakthrough allows emerging markets to participate in the trend of rapidly increasing adoption of transmission automation technology, particularly in China, India and Brazil."

WABCO's OptiDrive system is winner of the 2010 Automotive News PACE™ Award, the industry's benchmark for innovation.

In 1986, WABCO introduced the first electronic transmission automation system for commercial vehicles, an industry breakthrough. Today, WABCO remains the technology leader in transmission automation based on 25 years of continuous innovation.

About WABCO

WABCO (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 $2.2 billion in 2010, WABCO is headquartered in Brussels, Belgium. For more information, visit www.wabco-auto.com.

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