(Thomson Reuters ONE via COMTEX) --Seals in Production on General Motors' Ecotec Small Displacement Engine Family
SOUTHFIELD, Michigan, September 30, 2015.Responding to global vehicle manufacturers' need to reduce parasitic power losses due to engine component friction, Federal-Mogul Powertrain, a division of Federal-Mogul Holdings Corporation (NASDAQ: FDML), has established itself as an engine sealing solution leader with its innovative MicroTorq® elastomeric seal. Since its launch in 2010, MicroTorq seals have been featured on or are in development on more than 14 engine programs, including General Motors' Ecotec small displacement engine family, which began production earlier this year. The new Ecotec family of small-displacement 3- and 4-cylinder gasoline engines ranging from 1.0L to 1.5L is designed to improve fuel economy, performance and emissions.
"While we continue to see an increased demand for MicroTorq on key light vehicle engine programs, we also see many other applications for this innovative product," said Jan Maiden, Senior Vice President, Sealing, Federal-Mogul Powertrain. "For example, by integrating the seal into front and rear engine cover modules we can provide customers with a full-system solution that reduces mass, improves vehicle robustness and decreases assembly cost. We're also testing the capability of MicroTorq on commercial vehicle engines, in order to bring these same benefits to this important market."
MicroTorq addresses the vehicle manufacturers' need for reduced parasitic power losses. The seal reduces frictional losses by up to 80 percent versus comparable designs, and enables CO2 reduction of up to 1.5 g/km per engine. The design concept relies on a dual-hinge flex section to maintain uniform contact with the rotating shaft without creating high loads and without jeopardizing the durability or reliability of an engine.
The seal offers additional benefits as well. It is capable of handling increased crankcase pressure and vacuum requirements found on modern gasoline engines, which enables friction reduction of other engine components, resulting in further engine efficiencies.
With annual production volume slated to grow from two million units in 2015 to over 10 million units in the next five years, the company has planned for additional capacity of MicroTorq seals at its plants in Mexico, Hungary and China to serve the demands of its global customers in all regions.
MicroTorq was named a winner in the 2015 Automotive News PACE(TM) Awards, which recognizes automotive suppliers for superior innovation, technological advancement and business performance.
Federal-Mogul Holdings Corporation (NASDAQ: FDML) is a leading global supplier of products and services to the world's manufacturers and servicers of vehicles and equipment in the automotive, light, medium and heavy-duty commercial, marine, rail, aerospace, power generation and industrial markets. The company's products and services enable improved fuel economy, reduced emissions and enhanced vehicle safety.
Federal-Mogul operates two independent business divisions, each with a chief executive officer reporting to Federal-Mogul's Board of Directors.
Federal-Mogul Powertrain designs and manufactures original equipment powertrain components and systems protection products for automotive, heavy-duty, industrial and transport applications.
Federal-Mogul Motorparts sells and distributes a broad portfolio of products through more than 20 of the world's most recognized brands in the global vehicle aftermarket, while also serving original equipment vehicle manufacturers with products including braking, chassis, wipers and other vehicle components. The company's aftermarket brands include ANCO® wiper blades; Champion® spark plugs, wipers and filters; AE®, Fel-Pro®, FP Diesel®, Goetze®, Glyco®, Nüral®, Payen® and Sealed Power® engine products; MOOG® steering and suspension parts; and Ferodo®, Jurid® and Wagner® brake products.
Federal-Mogul was founded in Detroit in 1899 and maintains its worldwide headquarters in Southfield, Michigan. The company employs nearly 50,000 people in 34 countries. For more information, please visit www.federalmogul.com.
Statements contained in this press release, which are not historical fact, constitute "Forward-Looking Statements." Actual results may differ materially due to numerous important factors that are described in Federal-Mogul's most recent report to the SEC on Form 10-K, which may be revised or supplemented in subsequent reports to the SEC on Forms 10-Q and 8-K. Such factors include, but are not limited to, our intent to create an independent company following the spin-off, revenue and growth expectation for the independent company or the company following the spin-off, the expectation that the spin-off will be tax free, statements regarding the leadership, resources, potential, priorities, and opportunities for the independent company and the company following a spin-off, failure to obtain regulatory approval for the spin-off or to satisfy any of the other conditions to the proposed spin-off, adverse effect on the market price of our common stock and on our operating results because of a failure to complete the proposed spin-off, negative effects of announcement or consummation of the proposed spin-off on the market price of the company's common stock, significant transaction costs and/or unknown liabilities, general economic and business conditions that affect the companies in connection with the proposed spin-off, unanticipated litigation or legal settlement expenses, changes in capital market conditions that may affect financing, the impact of the proposed spin-off on the companies' employees, customers and suppliers, future opportunities that the company's board may determine present greater potential to increase shareholder value, the ability of the companies to operate independently following the spin-off, the company's ability to successfully integrate and achieve the anticipated synergies from recent acquisitions, fluctuations in domestic or foreign vehicle production, fluctuations in the demand for vehicles containing our products, the company's ability to generate cost savings or manufacturing efficiencies to offset or exceed contractually or competitively required price reductions or price reductions to obtain new business, conditions in the automotive industry, the success of the company's original equipment and aftermarket segmentation and corresponding effects and general global and regional economic conditions. Federal-Mogul does not intend or assume any obligation to update any forward-looking statements.
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Source: Federal-Mogul Corporation via Globenewswire