LAS VEGAS, Jan. 6, 2015 /PRNewswire/ -- Consumer Electronics Show (CES) -- TRW Automotive Holdings Corp. (NYSE: TRW), announced today from its 2015 International CES exhibit stand that PSA selected the Company as its driver assist system (DAS) partner beginning with the launch of its next generation radar (AC1000) and camera (S-Cam 3) sensor technologies, either individually or in 'data fusion' systems, across the Peugeot, Citroen and DS vehicle ranges, with production starting in 2017. In addition to supplying the sensors, TRW has been awarded with full system integration and functional development responsibility.
Thierry Metais, global account director for PSA at TRW said: "We are very proud to have been awarded such a prestigious contract which is a testament to our long-standing cooperation with PSA and our proven competencies in DAS development and innovation.
"We have been working closely in cooperation with PSA to ensure that our technologies will help them to meet the increasingly stringent future Euro NCAP requirements for active safety. Our next generation AC1000 and S-Cam 3 sensors offer significantly greater functionality and performance capabilities, which both help our customers to enhance the safety of drivers, passengers and other road users and meet future industry requirements."
Gilles Le Borgne, head of Research and Development at PSA added: "This award is a logical follow-up after the successful launches of TRW systems on the C4 Picasso and Peugeot 308."
Launching on PSA vehicle platforms in Europe and China, TRW's DAS sensors will enable adaptive cruise control (ACC) with stop-and-go functionality, which stop and accelerate the vehicle in stop and go traffic, and lane keeping assist functions, both of which can help to enhance safety and aid driver comfort while reducing driving stress and fatigue.
Metais added: "We successfully introduced our current generation radar, the AC100, two years ago on the Citroen C4 Picasso during the first wave of PSA's DAS launches, and have now been selected as the partner for DAS across the full 2017 vehicle line-up. And as a full safety systems supplier – developing brakes, steering, electronics and occupant safety technologies – TRW has the know-how and experience to deliver systems integration expertise for these platforms."
TRW has been developing driver assistance technology since the early 1970s and launched its first production radar in 2002 on the VW Phaeton and first lane keeping camera in 2008 on the Lancia Delta. Since then, TRW has fitted radars to vehicles including the Bentley Continental, VW Passat, and Citroen C4 Picasso, and cameras to vehicles including the Nissan Qashqai, Jeep Cherokee, Chrysler 200, Chevrolet Silverado, Hyundai i40, and Iveco Daily vans.
With 2013 sales of $17.4 billion, TRW Automotive ranks among the world's leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, operates in 24 countries and employs approximately 65,000 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.
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 Annual Report on Form 10-K for the fiscal year ended December 31, 2013 (our "Form 10-K") and our Quarterly Reports on Form 10-Q for the fiscal quarters ended March 28, 2014, June 27, 2014 and September 26, 2014, such as: the occurrence of any event, change or other circumstances that could give rise to the termination of the ZF merger agreement which could have a material adverse effect on us and our stock price; the inability to consummate the proposed ZF merger or the inability to consummate the ZF merger in the time frame or manner currently anticipated which could have a material adverse effect on us and our stock price; risks related to disruption of management's attention from our ongoing business operations due to the ZF merger; the effect of the announcement of the proposed ZF merger on our relationships with our customers, suppliers, joint venture partners and others, as well as our operating results and business generally; risks relating to the engine valve divestiture could adversely affect us; economic conditions adversely affecting our business, results or the viability of our supply base; risks associated with non-U.S. operations, including economic and political uncertainty in some regions, adversely affecting our business, results or financial condition; the unsuccessful implementation of our current expansion efforts adversely impacting our business or results; any developments related to antitrust investigations adversely affecting our financial condition, results, cash flows or reputation; pricing pressures from our customers adversely affecting our profitability; global competition adversely affecting our sales, profitability or financial condition; any disruption in our information technology systems adversely impacting our business and operations; any shortage of supplies causing a production disruption for any customers or us; the loss of any of our largest customers or a significant amount of their business, or a significant decline in their production levels, adversely affecting us; strengthening of the U.S. dollar and other foreign currency exchange rate fluctuations impacting our results; our contingent liabilities and tax matters causing us to incur losses or costs; any inability to protect our intellectual property rights adversely affecting our business or our competitive position; commodity inflationary pressures adversely affecting our profitability or supply base; costs or adverse effects on our business, reputation or results from governmental regulations; work stoppages or other labor issues at our facilities or those of our customers or others in our supply chain adversely affecting our business, results or financial condition; 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. All forward-looking statements are expressly qualified in their entirety by such cautionary statements. 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.