LIVONIA, Mich., Feb. 17 /PRNewswire-FirstCall/ -- TRW Automotive Holdings Corp. (NYSE: TRW) the global leader in automotive safety systems, today announced it has secured its first production contract with a major Asian auto manufacturer for an integrated Remote Keyless Entry (RKE) and Direct Tire Pressure Monitoring system (TPMS) receiver.
"The integration of RKE and TPMS is another example of TRW's drive toward enhancing value and performance through electronics integration," said Martin Thoone, vice president, Global Electronics Engineering. "This system simplifies the electronics architecture by eliminating the need for separate receivers for these two systems – we can maintain the performance characteristics while using less space and reducing system weight and wiring complexity, leading to lower material and assembly costs."
There will be no discernible change to the RKE key fob layout or performance – the transmitted commands will be received by a single smart receiver/ECU that will process information from the RKE fobs and also the temperature and pressure signals sent from the transmitters located in the TPMS sensor units in each individual tire. The integrated ECU decodes the signal to activate the lock/unlock function for vehicle doors and the trunk, and provides tire pressure warning information to the driver in the same way as conventional RKE and TPMS receivers.
The integrated system is anticipated to launch in 2012 for a 2013 Model Year vehicle.
With 2008 sales of $15.0 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 approximately 63,500 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 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 can 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, 2008 (our "Form 10-K"), and our Form 10-Q for the quarters ended April 3, 2009, July 3, 2009 and October 2, 2009, such as: the financial condition of our customers adversely affecting us or the viability of our supply base; disruptions in the financial markets adversely impacting the availability and cost of credit negatively affecting our business; any shortage of supplies adversely affecting us; any further material contraction in automotive sales and production adversely affecting our results, liquidity or the viability of our supply base; escalating pricing pressures from our customers; commodity inflationary pressures adversely affecting our profitability or supply base; our dependence on our largest customers; costs of product liability, warranty and recall claims and efforts by customers to adversely alter terms and conditions concerning warranty and recall participation; our substantial debt and resulting vulnerability to economic or industry downturns and to rising interest rates; costs or liabilities relating to environmental, health and safety regulations; strengthening of the U.S. dollar and other foreign currency exchange rate fluctuations impacting our results; any increase in the expense of our pension and other postretirement benefits or the funding requirements of our pension plans; risks associated with non-U.S. operations, including economic uncertainty in some regions; work stoppages or other labor issues at our facilities or at the facilities of our customers or suppliers; assertions by or against us relating to intellectual property rights; the possibility that our largest stockholder's interests will conflict with ours or our other stockholders' interests; and other risks and uncertainties set forth in our Form 10-K and in our other filings with the Securities and Exchange Commission. We do not undertake any obligation to release publicly any revision to any of these forward-looking statements.
SOURCE TRW Automotive Holdings Corp.