BRUSSELS, Belgium, May 21 /PRNewswire-FirstCall/ -- WABCO Holdings Inc. today announced that the Beijing Public Transport Corporation (BPTC) has awarded the company a new contract to provide braking products and aftermarket services for BPTC's fleet of more than 20,000 buses before and during the Beijing 2008 Olympic Games in August and the Beijing Paralympics Games in September, the sport movement for disabled persons. As operator of the world's largest municipal bus service, BPTC has chosen WABCO to supply a range of braking products including customized solutions for foot brake valves, air dryers and cartridges, and multi-functional air processing units as well as electronically controlled air suspension products. In addition, WABCO will support BPTC to improve its service and maintenance capabilities through technical training and advanced diagnostic systems. Details of the new contract are not disclosed. "The superlative size of our public bus network and the higher demand on its service associated with the upcoming Olympic activities in Beijing further reinforce our commitment to safety, reliability, efficiency and comfort," said Zhong Qianghua, Deputy Technical Director of BPTC. "WABCO understands our aftermarket needs, contributes technical knowhow and offers expert teamwork. We expect WABCO to partner with us to achieve our Olympic objectives and, furthermore, help increase vehicle service life while reducing downtime and driving down operating costs." Previously, WABCO reported that in Q1 2008 its sales in China increased by 87 percent versus a year ago while the market grew by 3 percent in the same period year on year. WABCO has been expanding its distribution channels for aftermarket products and services from Europe to other regions, resulting in 2007 in a compound annual growth rate of 10 percent for its aftermarket sales over the past 3 years. "Connecting with customers and understanding their challenges will continue to contribute strongly to our aftermarket growth in China and internationally," said Jean-Francois Barth, WABCO Vice President, Aftermarket. "By enriching our product offering and adding new services such as training and diagnostic capabilities, we can continually anticipate and meet each customer's expectations. We are delighted to partner with BPTC and passionate about delivering outstanding results for their world-class fleet before, during and well after the 2008 Olympic events." About WABCO WABCO Vehicle Control Systems is one of the world's leading providers of electronic braking, stability, suspension and transmission automation systems for heavy duty commercial vehicles. Customers include the world's leading commercial truck, trailer, and bus manufacturers. Founded in the U.S. in 1869 as Westinghouse Air Brake Company, WABCO was acquired by American Standard in 1968 and spun off in 2007. Headquartered in Brussels, Belgium, WABCO employs more than 7,700 people in 31 countries worldwide. In 2007, WABCO's total sales were $2.4 billion. WABCO is a publicly traded company and is listed on the New York Stock Exchange with the stock symbol WBC. Website: www.wabco-auto.com Media, investors and financial analysts contact Mike Thompson, +32 (2) 663 9854, mike.thompson@wabco-auto.com Jason Campbell, +1 732 369 7477, jason.campbell@wabco-auto.com
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