WABCO Holdings Inc.
NYSE : WBC

WABCO Holdings Inc.

March 25, 2015 07:00 ET

WABCO Makes a Strategic Investment in SmartDrive Systems; Plans to Jointly Develop Next-Generation Safety and Efficiency Solutions for Commercial Vehicle Fleets Worldwide

- Invests $20 Million in Video-based Analytics Company in the U.S.

- Drives Technology Enhancements and Global Expansion of Industry-leading Products and Services

- Helps Fleets to Improve Driver Performance and Increase Vehicle Safety, Efficiency

BRUSSELS, BELGIUM and LOUISVILLE, KENTUCKY--(Marketwired - March 25, 2015) - WABCO (NYSE:WBC) (www.wabco-auto.com), a leading innovator and global supplier of technologies that improve the safety and efficiency of commercial vehicles, has further strengthened its partnership with SmartDrive Systems, a leader in driving performance management solutions that help fleets to enhance operating safety and lower fuel consumption. WABCO invested $20 million in U.S.-based SmartDrive Systems and will jointly develop next-generation, video-based analytics solutions for commercial vehicle fleets worldwide.

WABCO made the announcement leading up to the 2015 Mid-America Trucking Show (MATS), one of the largest heavy-duty trucking industry events in the world, held from March 26-28, 2015, in Louisville, Kentucky (USA).

This partnership harnesses the extensive capabilities and know-how of two industry leaders to help further enhance the safety and efficiency of fleet operators worldwide. WABCO pioneers advanced safety and efficiency technologies for truck, bus and trailer manufacturers and fleets. SmartDrive Systems offers unequaled expertise in driver and vehicle data and video analysis.

WABCO and SmartDrive Systems will combine their breakthrough products and services to offer a new level of functionality and support. SmartDrive Systems offers real-time, video-based driving performance insights and analytics integrating information from data-rich vehicle systems such as WABCO's advanced braking and stability control technologies into its offerings in real-time. SmartDrive Systems maintains a database of more than 100 million analyzed risky driving events that enable predictive analytics and real-time risk identification. This information can help fleets to identify and reduce potentially hazardous driving maneuvers and improve overall operating efficiency.

"We are excited to invest in our winning partnership with SmartDrive Systems," said Nik Varty, President, WABCO Americas. "The integration of comprehensive real-time data gathered from WABCO's onboard advanced braking, stability control and efficiency systems - together with SmartDrive Systems' video-based driver performance management systems and data analytics services - will continue to create significant value for fleet customers worldwide. The combination of our industry-leading technologies and services will help fleets to improve driver performance and further increase vehicle safety and efficiency."

WABCO has made a significant investment in both SmartDrive Systems and our partnership," said Steve Mitgang, CEO, SmartDrive Systems. "Fleets have experienced first-hand the unprecedented insight to potential risk that our combined systems deliver and can clearly see the significant role active safety systems play in protecting drivers from the hazards they face on the road every day. We are looking forward to jointly developing advanced products and services that build on our initial work together while expanding our reach to dynamic growth markets around the globe."

WABCO at MATS 2015

Booth 32805 in the South Wing, Kentucky Exposition Center, Louisville, Kentucky, March 26-28, 2015

WABCO Press Briefing

March 25, from 9:30 to 10:00 AM, Conference Room C105 in the South Wing. Accredited journalists may contact Sarah Moore at smoore@millerschingroup.com for more information.

Meritor WABCO Ride-N-Drive

OnGuard collision mitigation system and OnLane departure warning "Ride-N-Drive," March 26-28, 2015. Interested parties may sign up for the demonstration at WABCO booth 32805.

About WABCO

WABCO (NYSE:WBC) is a leading innovator and global supplier of technologies that improve the safety and efficiency of commercial vehicles. Founded nearly 150 years ago, WABCO continues to pioneer breakthrough products and systems for braking, stability, suspension, transmission automation, and aerodynamics. Today, all of the world's leading truck, bus and trailer manufacturers have WABCO technologies onboard. In addition, WABCO provides the industry with advanced fleet management solutions and aftermarket services. WABCO reported sales of $2.9 billion in 2014. The company is headquartered in Brussels, Belgium, and has 11,000 employees worldwide. For more information, visit www.wabco-auto.com.

About SmartDrive Systems

SmartDrive Systems gives fleets and drivers unprecedented driving performance insight and analysis, helping save fuel, expenses and lives. Its video analysis, predictive analytics and personalized performance program help fleets improve driving skills, lower operating costs and deliver significant ROI. With an easy-to-use managed service, fleets and drivers can access and self-manage driving performance anytime, anywhere. The Company has compiled the world's largest storehouse of more than 100 million analyzed risky-driving events. SmartDrive Systems is based in San Diego, Calif., and employs over 400 people worldwide. For more information, visit www.smartdrive.net.

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