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TRW Intros APR1 Seat Belt Pretensioner

Zacks Equity Research

Addressing the need for compact-designed seat belts, TRW Automotive Holdings Corp. (TRW) has come up with light-weight anchor seat belt pretensioner with rotary design, christened APR1. It will be incorporated in many European vehicles starting 2015.

The APR1 offers more compact packaging with no linkage element being used. Thus, nothing but the seat belt webbing will be visible. APR1 provides pretension forces greater than 3 kN, which instantly tightens the seatbelt after a crash.

The combination of APR1 with TRW’s range of occupant protection seat belts and airbag options creates the foundation for advanced adaptive occupant technologies that manage occupant energy during a crash. For instance, APR1 can be used with TRW's Active Control Retractor system or Active Buckle lifter, which tighten the seatbelt ahead of a crash when the vehicle’s sensors detect the possibility of a crash.

TRW Automotive is a leading manufacturer of advanced technology products and services for the automotive markets. Headquartered in Mich., U.S., the company operates in 25 countries through its subsidiaries. These operations primarily involve the design, manufacture and sale of active and passive safety related products.

TRW’s second quarter earnings increased 17.4% to $2.02 per share from $1.72 (all excluding special items) a year ago and exceeded the Zacks Consensus Estimate of $1.70.

Revenues in the quarter grew 6.5% to $4.5 billion driven by strong demand for TRW’s innovative technologies and higher vehicle production volumes in North America and China. Revenues were higher than the Zacks Consensus Estimate of $4.4 billion. Currently, the company retains a Zacks Rank #2 (Buy).

The company’s major customers include Ford Motor Co. (F), General Motors Company (GM) and Volkswagen AG (VLKAY). They account for nearly 50% of its revenues.


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