Tenneco and Cormetech Sign Joint Development Agreement

  Tenneco and Cormetech Sign Joint Development Agreement

Business Wire

LAKE FOREST, Ill. -- December 06, 2012

Tenneco (NYSE: TEN) and Cormetech Inc. today announced that they have signed a
joint development agreement to collaborate on designing ultra-large diameter
selective catalytic reduction (SCR) catalysts for marine engine applications.

The MARPOL Annex VI and EPA Tier IV regulations require an 80% reduction in
NOx emissions, thus driving the need for engines to include aftertreatment
strategies such as SCR. Tenneco’s SCR solution, incorporating the Cormetech
catalyst, will be designed to help the marine industry comply with the new
emission regulations.

“Tenneco is an established leader in designing and developing diesel
aftertreatment solutions, supplying commercial vehicle and engine
manufacturers globally,” said Tim Jackson, Tenneco chief technology officer.
“We are pleased to partner with Cormetech to develop a unique aftertreatment
solution for marine engine manufacturers, leveraging our aftertreatment
technology and engineering capabilities in this market.”

“For more than 20 years, Cormetech has provided reliable state-of-the-art SCR
catalyst for the reduction of NOx emissions. We are excited about this
collaboration with Tenneco. The joint development takes advantage of the
synergistic capabilities of Tenneco and Cormetech to meet the needs of
customers in the marine sector,” stated Chris DiFrancesco, Vice President and
Chief Technology Officer for Cormetech.

About Tenneco

Tenneco is a $7.2 billion global manufacturing company with headquarters in
Lake Forest, Illinois and approximately 24,000 employees worldwide. Tenneco is
one of the world’s largest designers, manufacturers and marketers of emission
control and ride control products and systems for the automotive and
commercial vehicle original equipment markets and the aftermarket. Tenneco
markets its products principally under the Monroe®, Walker® and Clevite®
Elastomer brand names.

About Cormetech

Cormetech is a joint equity company of Corning Incorporated and Mitsubishi
Heavy Industries. Cormetech designs, manufactures, and tests catalyst used to
reduce NOx emissions. Cormetech is the industry’s leading technology solution
provider, developing and applying highly reliable and cost effective SCR
performance with unparalleled customer service. Every day, all over the world,
Cormetech delivers cleaner air through innovation.

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, 2011.

Contact:

Tenneco
Bill Dawson
+1 847 482-5807
+1 224 280-4308
bdawson@tenneco.com
or
Cormetech Inc.
George Wensell
+1 919 595-8721
+1 919 815-8081
wensellg@cormetech.com
 
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