TRW Automotive Holdings Corp. announced that it has developed an advanced brake system, which will be utilized in the traditional internal combustion engines or as alternative powertrains in the hybrids and electric engines. TRW believes that this advanced electronic braking system will play an important role in enhancing the fuel efficiency of the vehicles.
The company has been awarded significant contracts for its EBC 460 Premium system, including its Premium (P) and Premium Hybrid (PH) technology. This family of Electronic Stability Control (ESC) systems enhances value, performance and compatibility compared to a wide range of powertrain configurations. The ESC braking system delivers high level of brake pressure rapidly and the premium technologies support automatic emergency braking.
With the transition from internal combustion engines to direct injection, diesels, hybrids and electrical engines, TRW’s brake system will deliver brake pressure independently. Meanwhile, the company’s PH technology provides partial regenerative braking solution. It plans to develop integrated brake application and control solutions suitable for both hybrid, electric and combustion engines. The company plans to launch ESC PH by the beginning of 2015.
Headquartered outside Detroit, Michigan, TRW Automotive is one of the world’s largest manufacturers of advanced technology products and services for the automotive markets. With continuous research and development, the company is well positioned to benefit from the changing demands of both established and emerging markets for advanced and affordable safety solutions. Its major customers include Ford Motor Co. (F - Free Report) . Currently, the company retains a Zacks Rank #3 on its stock.
TRW posted a 15.8% fall in profits to $1.55 per share in the fourth quarter of 2012 from $1.84 in the same quarter of 2011 (all excluding special items). However, the quarterly EPS surpassed the Zacks Consensus Estimate by 20 cents. Adjusted net income dipped 16.4% to $199 million from $238 million in the fourth quarter of 2011.
Revenues in the quarter inched up 1.2% to $4.0 billion, driven by higher demand for the company’s innovative technology products, increased vehicle production volumes in North America and China and a rise in module sales globally, partially offset by significantly lower vehicle production in Europe and the negative impact of currency movements.
Few stocks that are performing well in the industry where TRW operates include Oshkosh Corporation (OSK - Free Report) and Commercial Vehicle Group Inc. (CVGI - Free Report) . They carry a Zacks Rank #1 (Strong Buy).