SOURCE: Williams Controls, Inc.

January 26, 2007 09:30 ET

Williams Controls to Supply Leading Chinese Truck Manufacturer With Electronic Throttle Controls

PORTLAND, OR -- (MARKET WIRE) -- January 26, 2007 -- Williams Controls (NASDAQ: WMCO) announced today that it has signed a contract with a leading Chinese truck manufacturer to begin production of electronic throttle controls (ETC) for use as standard equipment on its heavy trucks. Effective March 2007, Williams will begin shipping an estimated 1,000 pedals monthly, with higher volumes anticipated as the demand for electronic engines continues to grow in China. The ETCs will be manufactured at Williams Controls' plant in Suzhou, China.

"Williams is pleased to be working with another major manufacturer in China, and we look forward to growing this relationship as the China market expands," said Pat Cavanagh, President and CEO -- Williams Controls. "Since we established our China operations in 2005, our first quarter revenues for China have grown more than 240 percent, largely due to our ability to produce high-quality products tailored specifically to the needs of our China-based customers."

Within the next three years, China's market for heavy trucks is expected to surpass that of North America. As the Chinese government moves to implement more stringent vehicle emission standards, the need for electronic engines and ETCs will grow as manufacturers strive to meet the new regulations. With sales and manufacturing facilities in Shanghai, China and Suzhou, China respectively, Williams believes it is well positioned to help meet that demand.

In applying Williams' products to its vehicles, this truck manufacturer received valuable technical support from Williams' sales office in Shanghai and its headquarters in Portland. The contract is one of several significant wins for Williams Controls in China.

About Williams Controls

Williams Controls is a leading global designer and manufacturer of Electronic Throttle Control Systems (ETC) for the heavy truck, bus and off-road markets. Williams Controls is headquartered in Portland, Oregon and employs more than 200 people worldwide at locations in North America, Europe and Asia. For more information, visit Williams Controls at

The statements included in this news release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1934, as amended. These forward looking statements are based on management's assumptions and projections, and are sometimes identifiable by use of the words, "expect to," "plan," "will," "believe" and words of similar predictive nature. Because management's assumptions and projections are based on anticipation of future events, you should not place undue emphasis on forward-looking statements. You should anticipate that our actual performance may vary from these projections, and variations may be material and adverse. You should not rely on forward-looking statements in evaluating an investment or prospective investment in our stock, and when reading these statements you should consider the uncertainties and risks that could cause actual results to differ materially from the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in the Securities and Exchange Commission filings of the Company; economic downturns affecting the operations of the Company or any of its business operations, competition, and the ability of the Company to successfully identify and implement any strategic alternatives. The forward-looking statements contained in this press release speak only as of the date hereof and the Company disclaims any intent or obligation to update these forward-looking statements.

Contact Information

  • Contact:
    Mike Rusk
    Financial Controller
    (503) 684-8600