Tenneco Inc. (NYSE: TEN) has been selected as a recipient of a John Deere 2012 supplier innovation award for the development of an integrated selective catalytic reduction (SCR) and mixing system which is incorporated into a Tier 4 Final diesel aftertreatment system.
The award is presented to a select group of suppliers who have demonstrated innovation in a product or service they provide to John Deere. Award selections are based on four factors – creativity, feasibility, collaboration, and bottom-line impact. John Deere created the supplier innovation awards in 2010 to promote innovation in the company’s supply base and recognize suppliers who think creatively.
Tenneco is a global supplier to John Deere, and began providing diesel aftertreatment products including diesel oxidation catalysts (DOC) and diesel particulate filters (DPF) for certain Tier 4 interim applications in 2010.
“Tenneco is honored to be recognized for our innovation and proud to partner with John Deere on aftertreatment technology for reducing nitrogen oxides (NOx) and particulate emissions,” said Neal Yanos, Tenneco executive vice president. “Tenneco’s commercial vehicle business continues to grow, driven by the strength of our clean air technology portfolio and our commitment to help our customers comply with increasingly stringent global emissions regulations.”Tenneco is a $7.4 billion global manufacturing company with headquarters in Lake Forest, Illinois and approximately 25,000 employees worldwide. Tenneco is one of the world’s largest designers, manufacturers and marketers of clean air and ride performance products and systems for automotive and commercial vehicle original equipment markets and the aftermarket. Tenneco’s principal brand names are Monroe®, Walker®, XNOx™ and Clevite®Elastomer. This press release contains forward-looking statements. Words such as “anticipate,” “expects,” "will", "continue" and similar expressions identify forward-looking statements. These forward-looking statements are based on the current expectations of the company (including its subsidiaries). Because these forward-looking statements involve risks and uncertainties, the company's plans, actions and actual results could differ materially. Among the factors that could cause these plans, actions and results to differ materially from current expectations are: (i) changes in automotive or commercial vehicle manufacturers' production rates and their actual and forecasted requirements for the company's products, including the company's resultant inability to realize the sales represented by its awarded book of business; (ii) any change in customer demand due to delays in the adoption or enforcement of worldwide emissions regulations or any other changes in consumer demand and prices, including decreases in demand for automobiles or commercial vehicles which include the company's products, and the potential negative impact on the company's revenues and margins from such products; (iii) the general political, economic and competitive conditions in markets where the company and its subsidiaries operate; (iv) workforce factors such as strikes or labor interruptions; (v) material substitutions and increases in the costs of raw materials; and (vi) the company's ability to develop and profitably commercialize new products and technologies, and the acceptance of such new products and technologies by the company's customers. The company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release. Additional information regarding risk factors and uncertainties is detailed from time to time in the company's SEC filings, including but not limited to its report on Form 10-K for the year ended December 31, 2012.
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