SOURCE: WABCO Holdings Inc.

February 24, 2010 07:00 ET

WABCO Expands Supply of Technology to FAW Jiefang Unit of China's Largest Manufacturer of Trucks and Cars; Wins Special Supplier Award

BRUSSELS, BELGIUM--(Marketwire - February 24, 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 FAW Jiefang in China has significantly expanded WABCO's existing supply agreement by selecting WABCO to furnish clutch servo technology for multiple heavy duty truck platforms on a sole supplier basis as of 2010. FAW Jiefang is the truck-building subsidiary of the FAW group, China's largest manufacturer of commercial vehicles and passenger cars.

WABCO began performing in 2009 for FAW Jiefang, a major new customer, as a main supplier of a full range of braking systems for commercial trucks. FAW Jiefang produced a record number of trucks in 2009 while putting extraordinary demand on its approximately 400 suppliers. Recently, FAW Jiefang honored WABCO with a Special Contribution Award in recognition of WABCO's outstanding performance in 2009.

"2009 was exceptionally challenging for our hundreds of suppliers as we increasingly grew to achieve our highest annual truck production volume ever. WABCO strongly contributed to our success by anticipating our needs and quickly adapting their resources both locally and globally to fully support our requirements," said Lizhi Wang, General Manager, FAW Jiefang. "We are expanding our relationship with WABCO because we value the quality, reliability and innovation of their products and services."

"We are proud to be honored by FAW Jiefang for our performance in 2009. Their recognition demonstrates our commitment to customer satisfaction and further establishes WABCO as a brand of reference in China," said Leon Liu, WABCO President, Asia Pacific. "Powered by our local people, manufacturing sites and sourcing in China, we also leverage WABCO's global capabilities to benefit our customers. We are passionate about our opportunity to further contribute to the future success of FAW Jiefang in China and internationally."

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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