LIVONIA, Mich., July 28, 2014 /PRNewswire/ -- TRW Automotive Holdings Corp. (NYSE: TRW), the global leader in active and passive safety, has launched its latest-generation Electric Park Brake (EPB) technology with three major Japanese based vehicle manufacturers and will begin production with a fourth automaker in the near future. The EPB system functions as a conventional hydraulic brake for standard service brake applications, and as an electric brake for parking and emergency braking.
"Because EPB is electronically rather than mechanically controlled it can work with a variety of vehicle systems and sensors," said Peter Lake, executive vice president, sales for TRW. "As an example, in the U.S. following NHTSA's recent FMVSS 111 amendment that will require rear backup cameras, an EPB system could be integrated with the video signal and automatically brake the vehicle if a potential issue is detected."
"In addition EPB can be integrated with a vehicle's Electronic Stability Control system to enable full four-wheel anti-lock functionality enhancing safety in an emergency braking situation. There is also a drive away assist function which holds the vehicle in a stopped position without the need to constantly depress the brake pedal – an excellent traffic jam feature," Lake said.
The EPB system, utilizing electrical cables and a control switch instead of a typical foot pedal or hand lever, simplifies routing and allows for greater freedom of design for vehicle interiors. Its smaller package becomes even more attractive as vehicle manufacturers continue to requisition vehicle space for new features and options and it can significantly reduce weight when compared to conventional park brake systems.
TRW continues to be a global leader in Electric Park Brake technology with more than 25 million units on world roadways. The Company was first-to-market with an integrated electronically controlled park brake, pioneering the technology in 2001.
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 Report on Form 10-Q for the fiscal quarter ended March 28, 2014, such as: 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. 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.