BRUSSELS, BELGIUM and LOUISVILLE, KENTUCKY--(Marketwire - March 21, 2012) - 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 its Reman Solutions subsidiary has entered into an agreement with a globally operating automaker headquartered in the United States to remanufacture air conditioning compressors. The announcement was made at the 2012 Mid-America Trucking Show (MATS) in Louisville, Kentucky.
The company also announced that WABCO Reman Solutions has achieved International Organization for Standardization (ISO) certifications - ISO/TS 16949 and ISO 14001:2004 - for successfully developing standardized quality and environmental management systems at its remanufacturing facilities in Rochester Hills, Michigan, and Stanowice, Poland.
"Winning this new major agreement solidly anchors WABCO Reman Solutions with a globally operating original equipment manufacturer headquartered in the U.S. as we expand our reman business in the commercial truck, automotive and agricultural vehicle markets," said Nikhil Varty, WABCO Vice President, Americas. "Our key ISO certifications also assure current and prospective customers that we remanufacture according to the highest quality requirements and comply with the strictest environmental standards."
The air conditioning compressors are remanufactured at the WABCO Reman Solutions facility in Rochester Hills, Michigan.
Formed by WABCO in 2010, WABCO Reman Solutions specializes in remanufacturing electronic and mechatronic components, as well as traditional mechanical products that are made by WABCO and other manufacturers. WABCO's remanufactured products serve original equipment manufacturers as well as tier-one and tier-two suppliers in North America and Europe.
WABCO Reman Solutions has earned ISO certifications as follows:
- ISO/TS 16949 - technical specifications for the development of a quality management system that provides for continual improvement, emphasizing defect prevention and the reduction of variation and waste in the supply chain.
- ISO 14001:2004 - certification to establish, implement, maintain and improve an environmental management system, and to assure conformity with the system's stated environmental policy and standardized environmental objectives.
As the technology leader in the global commercial vehicle industry, WABCO's breakthroughs include, among other vehicle safety and efficiency technologies, the first autonomous emergency braking system (AEBS), the first collision mitigation system (CMS) with active braking, and the first electronic stability control (ESC) system. WABCO also pioneered the industry's first electronic braking system (EBS), the first electronically controlled air suspension (ECAS), the first automated manual transmission (AMT) system, the first anti-lock braking system (ABS), and the first high performance single-piston air disc brakes.
Founded in the United States in 1869 as Westinghouse Air Brake Company, WABCO is a U.S. public company listed on the New York Stock Exchange.
WABCO (NYSE:WBC) is a leading global supplier of technologies and control systems for the safety and efficiency of 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 $2.8 billion in 2011, WABCO is headquartered in Brussels, Belgium. For more information, visit www.wabco-auto.com