TRW Expands Electronics Business To Meet Growing Demand For Automated Vehicles

LAS VEGAS, Jan. 6, 2015 /PRNewswire/ -- Consumer Electronics Show (CES) - TRW Automotive Holdings Corp. (NYSE: TRW), is using its 2015 International CES exhibit stand as a platform to highlight the expansion of its electronics group – and in particular the growth of its dedicated Automated Vehicle team.

Tolga Oal, vice president, TRW Global Electronics commented: "Automated functions are at the top of the industry's agenda. This requires an increase in the level of integration between sensors, controllers and actuators as well as redundancy strategies. We have aligned our business in several ways in order to more effectively partner with our customers in these areas."

"For example, our Automated Vehicle engineering team is doubling in size in 2015 in order to meet the growing product development demand from our European, North American and Japanese customers. This is part of a wider effort in which the Company is hiring engineers and technicians to also support the overall growth of our Driver Assist System product portfolio," Oal concluded.

TRW also recently appointed a new vice president of its active safety portfolio, Brian Loh. Loh has business responsibility for all DAS sensors, central Safety Domain ECUs, and the automated vehicle strategy and execution. TRW has also appointed Dr. Hans-Gerd Krekels to the new position of director of active safety engineering, with technical responsibility for DAS sensors and the central Safety Domain ECU controllers and software required for automated driving. 

TRW's electronics business has accelerated rapidly over the last three years with the hiring of more than 650 engineers and technicians globally. The majority of these new hires work in the development of advanced radar and camera technologies at technical centers in North America and Europe.

TRW develops and manufactures its video camera sensors in Peterlee, the UK, and Marshall, Illinois in the USA, supported by technical centers in Koblenz, Germany, Dusseldorf, Germany, Solihull, the UK and Farmington Hills in the USA.  The company develops and manufactures its radar sensors in Brest, France, supported by technical centers in Koblenz, Germany and Solihull in the UK. Regional technical centers provide customer support across the globe.

About TRW

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.

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 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.

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SOURCE TRW Automotive Holdings Corp.

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