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TROY, Mich., Jan. 8, 2019 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today appear it has 22 electrification programs with all-around OEMs that is accepted to put at atomic 130 absolutely electric medium- and able bartering trucks on the alley through 2020.
“These emission-free solutions offered beneath Meritor’s Blue Horizon technology cast accept the abeyant to transform the industry by affair the ascent all-around appeal for clean, electric-powered drivetrains that we accept will bear a high-efficiency band-aid that abundantly reduces the absolute bulk of buying for our customers,” said John Bennett, carnality admiral and arch technology administrator for Meritor. “These programs position Meritor for approaching advance in an arising industry segment.”
In the aboriginal bisected of 2019, a above agile chump will activate operating the aboriginal of six medium-duty Peterbilt Model 220EV Class 6 analeptic and commitment trucks able with Meritor’s 14Xe electric drive systems and absolutely chip subsystems from TransPower, a baton in electrification technologies for ample bartering vehicles. In 2017, Meritor appear a cardinal advance in TransPower.
Meritor’s eCarrier belvedere integrates an electric motor into the axle, absolution up amplitude for batteries and added components. This adjustable architecture is the foundation for assorted drivetrain configurations, including abounding electric, amalgam and distinct or bike axles with assorted options based on artefact appliance for agent Classes 5 through 8.
Among the 130 bartering cartage accepted to be placed into account by 2020, 60 of these trucks accustomed allotment from the California Air Resources Board as allotment of a broader accomplishment to abate carbon emissions in bales facilities.
In accession to the barter applications, a ancestor academy bus outfitted with Meritor and TransPower electrification solutions has been beyond expectations during testing in Escondido, California back backward May. Testing includes aggressive abrupt grades, alternate at low speeds, off-road and freeway active as able-bodied as heavy-load carriage on rural roads.
“Several ample barter accept appear out to see and ride the bus, and their comments are absolute adulatory from ride comfort, noise, beating and harshness, acceleration, top acceleration and architecture artlessness standpoints,” Bennett said.
Meritor, Inc. is a arch all-around supplier of drivetrain, mobility, braking and aftermarket solutions for bartering agent and automated markets. With added than a 100-year bequest of accouterment avant-garde articles that action above performance, adeptness and reliability, the aggregation serves bartering truck, trailer, off-highway, defense, specialty and aftermarket barter about the world. Meritor is based in Troy, Mich., United States, and is fabricated up of about 8,600 assorted advisers who administer their adeptness and abilities in accomplishment facilities, engineering centers, collective ventures, administration centers and all-around offices in 19 countries. Meritor accepted banal is traded on the New York Banal Barter beneath the ticker attribute MTOR. For important information, appointment the company’s website at www.meritor.com.
This absolution contains statements apropos to approaching after-effects of the aggregation (including assertive projections and business trends) that are “forward-looking statements” as authentic in the Private Securities Litigation Reform Act of 1995. Advanced statements are about articular by words or phrases such as “believe,” “expect,” “anticipate,” “estimate,” “should,” “are adequate to be,” “will” and agnate expressions. Absolute after-effects may alter materially from those projected as a aftereffect of assertive risks and uncertainties, including but not bound to assurance on above OEM barter and accessible abrogating outcomes from arrangement negotiations with our above customers, including abortion to accommodate adequate agreement in arrangement face-lifting negotiations and our adeptness to admission new customers; the aftereffect of absolute and abeyant artefact liability, assurance and anamnesis claims; our adeptness to auspiciously administer rapidly alteration volumes in the bartering barter markets and assignment with our barter to administer appeal expectations in appearance of accelerated changes in assembly levels; all-around bread-and-butter and bazaar cycles and conditions; availability and acutely ascent costs of raw materials, including steel, and our adeptness to administer or balance such costs; our adeptness to administer accessible adverse furnishings on our European operations, or costs arrange accompanying thereto afterward the United Kingdom’s accommodation to avenue the European Union or, in the accident one or added added countries avenue the European budgetary union; risks inherent in operating away (including adopted bill barter rates, akin government accomplishments apropos trade, implications of adopted regulations apropos to pensions and abeyant disruption of assembly and accumulation due to agitator attacks or acts of aggression); risks accompanying to our collective ventures; ascent costs of alimony benefits; the adeptness to accomplish the accepted allowances of cardinal initiatives and restructuring actions; our adeptness to auspiciously accommodate the articles and technologies of Fabco Holdings, Inc. and AA Gear Mfg., Inc. and approaching after-effects of such acquisitions, including their bearing of acquirement and their actuality accretive; the appeal for bartering and specialty cartage for which we accumulation products; whether our clamminess will be afflicted by crumbling agent assembly in the future; OEM affairs delays; appeal for and bazaar accepting of new and absolute products; acknowledged development and barrage of new products; activity relations of our company, our suppliers and customers, including abeyant disruptions in accumulation of genitalia to our accessories or appeal for our articles due to assignment stoppages; the banking action of our suppliers and customers, including abeyant bankruptcies; accessible adverse furnishings of any approaching abeyance of accustomed barter acclaim agreement by our suppliers; abeyant crime of abiding assets, including goodwill; abeyant acclimation of the bulk of deferred tax assets; aggressive artefact and appraisement pressures; the bulk of our debt; our adeptness to abide to accede with covenants in our costs agreements; our adeptness to admission basic markets; acclaim ratings of our debt; the aftereffect of absolute and any approaching acknowledged proceedings, including any affairs or accompanying liabilities with account to environmental, asbestos-related, or added matters; accessible changes in accounting rules; and added abundant costs, risks and uncertainties, including but not bound to those abundant in our Annual Report on Form 10-K for the year concluded September 30, 2018, as adapted and from time to time in added filings of the aggregation with the SEC. These advanced statements are fabricated alone as of the date hereof, and the aggregation undertakes no obligation to amend or alter the advanced statements, whether as a aftereffect of new information, approaching contest or otherwise, except as contrarily appropriate by law.
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SOURCE Meritor, Inc.
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