Corporate News Blog - Tenneco Unveils New Modular Electronic Exhaust Valves at the 2017 IAA Show
Research Desk Line-up: China Zenix Auto Post Earnings Coverage
LONDON, UK / ACCESSWIRE / September 15, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Tenneco Inc. (NYSE: TEN), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=TEN. The Company announced on September 13, 2017, at the 2017 IAA International Motor Show, the launch of its next generation of electronic valves designed for use in low-pressure exhaust gas recirculation (EGR), cylinder deactivation, and acoustic tuning applications. The Company's new electronic valve has a dynamic flap control that helps generate optimal pressure conditions for efficient EGR and also delivers fail-safe operation that spontaneously sends the flap to the open position, subject to the case where failure occurs, as in the case of signal interruption. For immediate access to our complimentary reports, including today's coverage, register for free now at:
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Discover more of our free reports coverage from other companies within the Auto Parts industry. Pro-TD has currently selected China Zenix Auto International Ltd (NYSE: ZX) for due-diligence and potential coverage as the Company announced on August 25, 2017, its financial results for Q2 2017 which ended on June 30, 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on China Zenix Auto when we publish it.
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The Announcement
The valves designed by Tenneco feature a modular design, which offers vehicle manufacturers custom flexibility and adaptability for any engine architecture. The Company's first generation valve technology is currently in production on different vehicle platforms globally, where the next generation of valves is expected to be launched later in 2017.
The new modular design delivers greater flexibility for meeting application-specific requirements by supporting the use for different actuators with different signal interfaces and degrees of integrated electronics. The actuator is interchangeable using a simple mounting concept without any loose interface components. Also, the new modular valve comes with a special, double-bearing design that slashes out external leakage and resists water projection and salt. The valves are also suitable for exhaust gas temperatures of up to 750 degrees Celsius and ambient temperatures of up to 140 degrees Celsius.
Key Features
This electronic valve from Tenneco offers multiple uses, including managing engine sound, recirculating a portion of the vehicle's exhaust gases back into the cylinders to lower NOx emissions, usage as a bypass valve in energy recovery, and tuning the exhaust system's acoustics to support cylinder deactivation modes in light-load driving for fuel efficiency gains.
The valve delivers additional acoustic benefits according to the Company, where in, the electronically controlled flap can remain closed during normal driving conditions for a quieter ride and open during harder acceleration, creating minimal back pressure, higher attenuation, and greater engine power for added efficiency.
Company Growth Prospects
Tenneco is a leading global manufacturing Company headquartered at Lake Forest, Illinois. The Company is one of the largest designers, manufacturers, and marketers of ride performance and clean air products and systems for automotive and commercial vehicle original equipment markets and the aftermarket, where it currently operates through an over 31,000-strong employee workforce across the world.
Tenneco views potential growth in the ICE (Internal Combustion Engine) and hybrid powertrains development, which it announced on September 13, 2017, to provide the right Clean Air solutions to its customers. The Company expects to boost their growth and evolutions by an estimated 96% of light vehicles produced in 2027. Also, these engines will need an additional 30% more regulatory content than today's engines, delivering greater growth opportunities.
Last Close Stock Review
On Thursday, September 14, 2017, the stock closed the trading session at $56.56, marginally climbing 0.71% from its previous closing price of $56.16. A total volume of 602.72 thousand shares have exchanged hands, which was higher than the 3-month average volume of 557.94 thousand shares. Tenneco's stock price advanced 5.78% in the last one month and 0.95% in the previous twelve months. The stock is trading at a PE ratio of 11.36 and has a dividend yield of 1.77%. The stock currently has a market cap of $2.99 billion.
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