TRW Introduces New Version Of Inflator With Weight And Size Advantages At Airbag 2014

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Dec 03, 2014, 10:26 ET

KARLSRUHE, Germany, Dec. 3, 2014 /PRNewswire/ -- Airbag 2014 -- TRW Automotive Holdings Corp. (NYSE:TRW) is introducing a new version of its small pyrotechnic inflator with weight and size advantages at Airbag 2014. The SPI2 EVO will launch on TRW's new lightweight roof rail airbag for micro- through mid-sized vehicles in Europe and China.

TRW is introducing a new version of its small pyrotechnic inflator with weight and size advantages at Airbag 2014 today. The SPI2 EVO will launch on TRW's new lightweight roof rail airbag (pictured) for micro- through mid-sized vehicles in Europe and China.

Norbert Kagerer, vice president of Engineering, TRW Occupant Safety Systems, said: "The SPI2 EVO represents TRW's evolution toward curtain airbag solutions that meet the requirements of European, Asia Pacific and emerging markets. In this application, weight reduction was the primary inflator development goal, and the results have been successful."

The SPI2 EVO for the roof rail airbag is approximately 5 mm smaller in diameter, 50 mm shorter in length, and weighs about 35 percent less than former solutions.

Global production of the inflator is scheduled to start in early 2015 in Laage, Germany; Xi'an, China; and Mesa, Arizona, USA. TRW has already signed six development contracts for the SPI2 EVO with five vehicle manufacturers.

Kagerer added: "The SPI2 EVO is based on TRW's well-established line of pyrotechnic inflators, and it has the weight advantages that automakers in Europe and China are seeking in their quest to produce more fuel-efficient vehicles."

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.