WABCO Europe BVBA
Jun 7, 2018

WABCO Achieves a New Annual Record for Customer Awards and Industry Recognition in China

SHANGHAI, China, June 07, 2018 (GLOBE NEWSWIRE) -- WABCO Holdings Inc. (NYSE:WBC) (www.wabco-auto.com), a leading global supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles, today announced that it has received a record 29 awards from customers and industry bodies in China to date for the 2017 performance year.

Demonstrating the value customers place on WABCO's ability to drive differentiation, innovate game-changing technologies and deliver excellence in execution through deeply-rooted connectivity to this dynamic market, WABCO's extraordinary performance was commended with top honors from customers for, among other distinctions, quality, delivery, cost-efficiency, seamless collaboration and technology leadership.

In total 24 customer awards were bestowed on WABCO by major Chinese commercial vehicle manufacturers, including the following ‘Top Performance' awards:

Furthermore, a total of five industry awards were also received, including two for innovations that contribute to commercial vehicle fleet safety and efficiency; WABCO's Trailer Fleet Management System and Trailer Electronic Braking System.

With a local presence established in China for more than two decades, WABCO is continuously introducing advanced vehicle control technologies and fleet management systems in support of local customer ambitions. WABCO uniquely combines localized product development capability and its global technology platforms, supported by the agility, maturity and cost-efficiency of its globally integrated supply chain to serve global and domestic OEMs in the region.  Local operations include four world-class factories in China, enabling WABCO to offer optimal localized solutions and service levels that are tailored to the dynamics and specificity of the Chinese market.

"We are deeply honored to have set a new performance record for WABCO in China by achieving 29 prestigious customer and industry awards," said Sujie Yu, President, WABCO Asia-Pacific and Business Leader, China. "As we continually strive to exceed customer expectations, these awards also powerfully underline the relevance and success of WABCO's well-established strategies for technology leadership, globalization and excellence in execution to serve their needs."

"Our passion to sustain differentiation as a leading partner to commercial vehicle manufacturers and fleet operators in China is absolute and we will continue to build on this success by supporting customers with advanced technologies as they seek to address emerging industry domains, including autonomous driving, V2X connectivity and new energy vehicles. We will also augment this technology leadership with industry-leading standards for delivery, quality and service across our integrated supply chain," added Yu.

About WABCO

WABCO (NYSE:WBC) is a leading global supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles. Originating from the Westinghouse Air Brake Company founded nearly 150 years ago, WABCO continues to pioneer breakthrough innovations to enable autonomous driving in the commercial vehicle industry. Today, leading truck, bus and trailer brands worldwide rely on WABCO's differentiating technologies, including advanced driver assistance, braking, steering and stability control systems. Powered by its vision for accident-free driving and greener transportation solutions, WABCO is also at the forefront of advanced fleet management systems that contribute to commercial fleet efficiency. In 2017, WABCO reported sales of $3.3 billion and has nearly 15,000 employees in 40 countries. For more information, visit www.wabco-auto.com and, for WABCO's 2017 Annual Report, visit ar.wabco-auto.com.

WABCO China media contact

Ling He, +86 2133 3821 65, ling.he@wabco-auto.com

WABCO global media contact

Nina Friedmann, +49 69 719 168 171, wabco@klenkhoursch.de

WABCO investors and analysts contact

Sean Deason, +1 248 270 9287, investorrelations@wabco-auto.com

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Source: WABCO Holdings Inc.

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