Federal-Mogul Corporation : Federal-Mogul's Innovative IROX® Bearings Experiencing Significant Market Growth SOUTHFIELD, Michigan, April 25, 2013.Since launching IROX^® polymer-coated engine bearings in 2010, Federal-Mogul Corporation's (NASDAQ: FDML) Powertrain Segment has established an industry-leading position with this innovative bearing technology. In less than three years, IROX bearings have launched with four of the largest global OEMs on three continents. IROX is an innovative polymer-coated engine bearing that enables reduced fuel consumption and CO2 emissions. It withstands high mechanical loads in efficient, heavily boosted engines and also addresses thelubrication challenges associated with frequentre-starts found in stop-start engines. In extreme duty applications, the IROX coating can significantly extend bearing life. IROX has enabled engine manufacturers to meet the needs of start-stop applications in downsized engines, and as a result, Federal-Mogul is experiencing significant demand for this new product. Federal-Mogul expects to produce more than 70 million IROX bearings annually beginning in 2016. In North America within the next 3 years, 30 percent of the new engines assembled will feature IROX bearings, with applications for both light- and heavy-duty vehicles. To accommodate this dramatic growth, the company has planned for additional capacity at its manufacturing facilities in North America, Europe and Asia. "We're extremely pleased with the rapid market acceptance of IROX by light and commercial global vehicle customers worldwide," said Richard Llope, senior vice president and general manager, Bearings and Ignition, Federal-Mogul Powertrain. "IROX is a great example of how innovation in fundamental base engine components can enhance the efficiency and reliability of internal combustion engines and support customer and market requirements for environmental responsiveness. " IROX was also recently named a winner in the 2013 Automotive News PACE^(TM) Awards, which recognizes automotive suppliers for superior innovation, technological advancement and business performance. Engineering for IROX is conducted at Federal-Mogul's technical facilities in Wiesbaden, Germany and Plymouth, Michigan and manufactured at several global locations. About Federal-Mogul Federal-Mogul Corporation (NASDAQ: FDML) is a leading global supplier of products and services to the world's manufacturers and servicers of vehicles and equipment in the automotive, light, medium and heavy-duty commercial, marine, rail, aerospace, power generation and industrial markets. The company's products and services enable improved fuel economy, reduced emissions and enhanced vehicle safety. Federal-Mogul operates two independent business segments, each with a chief executive officer reporting to Federal-Mogul's Board of Directors. Federal-Mogul's Powertrain Segment designs and manufactures original equipment powertrain components and systems protection products for automotive, heavy-duty, industrial and transport applications. Federal-Mogul's Vehicle Components Segment sells and distributes a broad portfolio of products through more than 20 of the world's most recognized brands in the global vehicle aftermarket, while also serving original equipment vehicle manufacturers with products including braking, chassis, wipers and other vehicle components. The company's aftermarket brands include ANCO^® wiper blades; Champion^® spark plugs, wipers and filters; AE^®, Fel-Pro^®, FP Diesel^® Goetze^®, Glyco^®, Nüral^®, Payen^® and Sealed Power^® engine products; MOOG^® steering and suspension parts; and Ferodo^® and Wagner^® brake products. Federal-Mogul was founded in Detroit in 1899. The company employs 45,000 people in 34 countries, and its worldwide headquarters is in Southfield, Michigan, United States. For more information, please visit www.federalmogul.com. # # # CONTACT: Steve Gaut (248) 354-7826 for media questions Federal-Mogul's IROX® Polymer-Coated Engine Bearing ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Federal-Mogul Corporation via Thomson Reuters ONE HUG#1695832
Federal-Mogul Corporation : Federal-Mogul's Innovative IROX® Bearings Experiencing Significant Market Growth
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