WABCO Holdings Inc.

March 08, 2011 07:00 ET

WABCO Gains Certification as High Technology Enterprise from Government in Qingdao, China, a Major Economic Center

BRUSSELS, BELGIUM--(Marketwire - March 8, 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 that WABCO China has been certified as a high and new technology enterprise by the Qingdao municipal government. It marks WABCO as one of the first global suppliers in the automotive and commercial vehicle industry to obtain such certification in Qingdao, one of China's top ranked cities for high technology industrial development and economic growth.

The Qingdao government's certification reaffirms WABCO's position in China as a valued supplier of technology for commercial vehicle control systems. It also confirms WABCO's local capabilities for innovation and recognizes the company's investments in research and development.

"With more than 1,200 employees in 5 locations and 4 world-class factories in Qingdao and elsewhere in China, WABCO's Chinese team is deeply connected with local truck, bus and trailer customers," said Jacques Esculier, WABCO Chairman and Chief Executive Officer. "The Chinese government endorses WABCO's leading technology and local innovation resources in strategic support of the country's commercial vehicle industry."

"WABCO is proud to be among the first global suppliers in our industry to qualify for the Qingdao government's certification as a high and new technology enterprise," said Leon Liu, WABCO President, Asia. "This certification from Qingdao, one of China's major economic centers, further establishes WABCO as a brand of reference, especially as we produce in China some of WABCO's most advanced technologies to better serve local customers."

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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