WABCO Awarded Recertification as a New and High Technology Enterprise by
Government Authorities in China
SHANGHAI, CHINA -- (Marketwired) -- 01/08/14 -- WABCO Holdings Inc.
(NYSE: WBC) (www.wabco-auto.com), a global technology leader and
tier-one supplier to the commercial vehicle industry, today announced
that WABCO China has recently been recertified as a new and high
technology enterprise by the government authorities. In 2010, WABCO
became one of the first global suppliers in the automotive and
commercial vehicle industry to obtain such certification in China and
today WABCO remains one of the few in its field with this official
The renewal of WABCO's certification reaffirms WABCO's position in
China as a valued supplier of new as well as high technology for
commercial vehicle control systems that help original equipment
manufacturers to develop and build safer and more efficient trucks,
buses and trailers. It also confirms how WABCO has continued to grow
its local capabilities for innovation and it further recognizes the
company's continued investments in research, development and
manufacturing in China.
"WABCO's technology leadership and market success in China are rooted
in our unique capabilities in technological and product innovation,
particularly as WABCO has pioneered the overwhelming majority of
'firsts' in the commercial vehicle industry," said Leon Liu,
President, WABCO Asia, referring to WABCO's track record of inventing
and introducing to market the industry's first anti-lock braking
system (ABS), first automated manual transmission (AMT) system, first
electronic braking system (EBS), first electronic stability control
system (ESC), and the first advanced driver assistance systems, among
other WABCO innovation and technology breakthroughs.
"Customers value WABCO's local capabilities in China for product
application development, engineering excellence and advanced system
integration," said Sujie Yu, General Manager, WABCO China. "What
further differentiates WABCO in China is our strategy to 'design for
China' which delivers optimal localized solutions to improve vehicle
safety and efficiency, enhance driver effectiveness and sustain
"We are proud to retain this prestigious high tech certification in
na as WABCO continues to deliver high quality, cost efficient
products and services to customers in China and around the world,"
Headquartered in Shanghai, WABCO China has over 1,500 employees
including local engineers. Its new product development center is
located in Shanghai. Four factories across China are fully integrated
with WABCO's global manufacturing and supply chain network and they
operate using Six Sigma Lean production standards.
WABCO (NYSE: WBC) is a leading global supplier of technologies and
control systems for the safety and efficiency of commercial vehicles.
Founded nearly 150 years ago, WABCO continues to pioneer breakthrough
electronic, mechanical and mechatronic technologies for braking,
stability and transmission automation systems supplied to the world's
leading commercial truck, bus and trailer manufacturers. With sales
of $2.5 billion in 2012, WABCO is headquartered in Brussels, Belgium.
For more information, visit www.wabco-auto.com.
+86 21 52110159 167
+49 69 7191 6834
Investors and analysts contact
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