SOURCE: WABCO Holdings Inc.

February 01, 2010 07:00 ET

WABCO Announces Munich Court Has Ruled That Knorr Infringes Competition Law in Germany

BRUSSELS, BELGIUM and MUNICH, GERMANY--(Marketwire - February 1, 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 the Munich District Court in Germany has ruled against Knorr-Bremse Systeme für Nutzfahrzeuge GmbH (Knorr) in proceedings concerned with Knorr's approach to a mutual customer of WABCO and Knorr.

In a decision on January 20, 2010, the court confirmed a preliminary injunction of October 19, 2009, which orders Knorr to cease and desist from alleging that one of WABCO's brake systems infringed Knorr's patents and at the same time imposing a confidentiality obligation on the customer to prevent that customer from informing WABCO about Knorr's approach. The court held that Knorr had intentionally made it impossible for WABCO's customer to dialogue with WABCO about Knorr's allegations surrounding patents. As a result, WABCO was deprived of the opportunity to clarify the allegations, which amounts to a violation of competition law in Germany.

WABCO states that the Munich District Court in Germany has now on two occasions ruled consistently in favor of WABCO in this matter. Knorr has a right to appeal.

Notwithstanding, based on WABCO's research and advice of external patent counsel, WABCO affirms that we do not infringe the patents referred to in the above allegations made by Knorr.

WABCO values a fair and ethical market environment and reiterates its commitment to protect its interests and the interests of its customers. The company is pleased that employees, customers and others in the commercial vehicle industry know that WABCO has successfully defended itself against the illegal business conduct of a competitor.

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 $2.6 billion in 2008, WABCO is headquartered in Brussels, Belgium. For more information, visit www.wabco-auto.com

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