SOURCE: Williams Controls, Inc.

Williams Controls, Inc.

November 08, 2010 19:56 ET

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

PORTLAND, OR--(Marketwire - November 8, 2010) -  Williams Controls (NASDAQ: WMCO) announced today that it has signed a letter of intent to manufacture electronic throttle controls (ETC) for a leading manufacturer of heavy, medium and light commercial vehicles based in India. Williams Controls will manufacture the ETCs at its facility in Pune, India.

"Our sales to the Indian truck and bus markets have increased significantly in the last two years," said Patrick W. Cavanagh, President and CEO of Williams Controls. "This new business gives us the opportunity to expand our presence in light commercial vehicles, a segment where we see more opportunity for growth."

The Indian market is one of the company's top markets for commercial vehicles worldwide and is expected to continue to grow as the Indian government moves to implement more stringent vehicle emission standards. With sales, engineering, and manufacturing facilities in Pune, India, Williams believes it is well positioned to help meet growing demand.

About Williams Controls

Williams Controls is the world leader in Electronic Throttle Controls for commercial vehicles. Its customers include many of the global leaders in the truck, bus, and off-road markets. Williams Controls is headquartered in Portland and employs more than 250 people worldwide. It supports its customers in North America, Europe, and Asia with production facilities in Portland, Oregon, USA, Suzhou, China, and now in Pune, India.

Williams offers the market's broadest product range in electronic pedal assemblies. Its customers benefit from Williams' unmatched customer engineering capability, supported by a world class short-run and prototype manufacturing capability. 

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 1933, 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 Company's Securities and Exchange Commission filings, 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:
    Michael Rusk
    Telephone: (503) 684-8600