TRW Awarded First Commercial Truck Camera Contract to Support Automatic Emergency Braking Mandate in Europe

Published on Monday, 12 December 2011 10:15 Written by TradersHuddle Staff

LIVONIA, Mich., Dec. 12, 2011 /PRNewswire/ -- TRW Automotive Holdings Corp. (NYSE: TRW) has won its first contract to supply its video camera sensor to a major European commercial truck manufacturer to support a range of sensing capabilities including lane departure warning (LDW) and automatic emergency braking (AEB), both  mandated by the European Union.

(Photo: http://photos.prnewswire.com/prnh/20111212/DE20860 )

TRW will begin to supply the camera technology in late 2012. The contract includes the integrated scalable camera and processing unit as well as supporting software. The system can enable functions including LDW, object recognition, forward collision warning, traffic sign recognition and headlight control. When combined with a radar sensor, other driver assist functions can be enabled such as AEB.

"As commercial truck manufacturers move forward in complying with pending legislation, TRW can meet their needs in terms of the camera and radar hardware – and importantly in developing the algorithms that help make high level safety decisions based on the sharing of data between the environmental sensing systems," said Peter Lake, executive vice president, sales and business development for TRW.

The European Union mandate calls for the installation of lane departure warning systems and automatic emergency braking systems for new heavy duty vehicle model launches sold in Europe from late 2013 and for all new trucks in Europe from late 2015. 

About TRW

With 2010 sales of $14.4 billion, TRW Automotive ranks among the world's leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, operates in 26 countries and employs over 60,000 people worldwide.  TRW Automotive products include integrated vehicle control and driver assist systems, braking systems, steering systems, suspension systems, occupant safety systems (seat belts and airbags), electronics, engine components, fastening systems and aftermarket replacement parts and services.  All references to "TRW Automotive", "TRW" or the "Company" in this press release refer to TRW Automotive Holdings Corp. and its subsidiaries, unless otherwise indicated.  TRW Automotive news is available on the internet at www.trw.com.

Forward-Looking Statements

This release contains statements that are not statements of historical fact, but instead are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995.  We caution readers not to place undue reliance on these statements, which speak only as of the date hereof.  All forward-looking statements are subject to numerous assumptions, risks and uncertainties which could cause our actual results to differ materially from those suggested by the forward-looking statements, including those set forth in our Report on Form 10-K for the fiscal year ended December 31, 2010 (our "Form 10-K"), and our reports on Form 10-Q for the fiscal quarters ended April 1, July 1 and September 30, 2011, such as: any developments related to antitrust investigations adversely affecting our results, cash flows, financial condition or reputation; tighter financial markets adversely impacting the availability and cost of credit negatively affecting our business; a material contraction in automotive sales and production adversely affecting our results or the viability of our supply base; commodity inflationary pressures adversely affecting our profitability or supply base; strengthening of the U.S. dollar and other foreign currency exchange rate fluctuations impacting our results; pricing pressures from our customers adversely affecting our profitability; any shortage of supplies causing a production disruption; increasing costs negatively impacting our profitability; the loss of any of our largest customers materially adversely affecting us; costs of product liability, warranty and recall claims and efforts by customers to adversely alter contract terms and conditions concerning warranty and recall participation; costs or liabilities relating to environmental, health and safety regulations adversely affecting our results; risks associated with non-U.S. operations, including economic and political uncertainty in some regions, adversely affecting our business, results or financial condition; any inability to protect our intellectual property rights adversely affecting our business or our competitive position; any increase in the expense of our pension and other postretirement benefits or the funding requirements of our pension plans reducing our profitability; work stoppages or other labor issues at our facilities or at the facilities of our customers or suppliers adversely affecting our operations; volatility in our annual effective tax rate resulting from a change in our valuation allowances position or other factors;   and other risks and uncertainties set forth in our Form 10-K and in our other filings with the U.S. Securities and Exchange Commission. We do not undertake any obligation to release publicly any update or revision to any of the forward-looking statements.

SOURCE TRW Automotive Holdings Corp.