NEWS RELEASE [TENNECO LOGO]
CONTACTS:
JANE OSTRANDER LESLIE HUNZIKER
MEDIA RELATIONS INVESTOR RELATIONS
847 482-5607 847 482-5042
JOSTRANDER@TENNECO.COM LHUNZIKER@TENNECO.COM
TENNECO ACQUIRES MOBILE EMISSIONS BUSINESS OF COMBUSTION COMPONENTS
ASSOCIATES, INC.
COMPANY ADVANCES ITS FULL-SYSTEM SCR EMISSIONS CAPABILITIES TO MEET FUTURE
DIESEL REGULATIONS
Lake Forest, Illinois, August 20, 2007 -- Tenneco Inc. (NYSE: TEN) today
announced that it has signed an agreement to acquire the mobile emissions
business of Combustion Components Associates, Inc. (CCA), a manufacturer of air
pollution control technologies. The acquisition enhances Tenneco's complete
system integration capabilities for selective catalyst reduction (SCR) emissions
control technologies designed to meet future more stringent diesel emissions
regulations for passenger cars and trucks.
CCA develops emissions control solutions for customers in the transportation and
power generation industries. The company has designed and manufactured a
Nitrogen Oxides (NOx) emission reduction system called ELIM-NOx(TM), which is
designed to reduce NOx emissions by 70 to 90 percent using SCR technology. SCR
is the process of removing NOx through a chemical reaction and is considered the
leading technology for helping diesel engines meet the NOx emissions standards.
Customer demands for this new technology, driven by regulations, will increase
in the U.S., Europe and China starting in 2010 -- 2012.
"This acquisition strengthens our advanced technology offering. ELIM-NOx(TM) is
one of the few proven high-performance systems for urea and hydrocarbon
injection. Combined with the SCR technology we produce today, Tenneco can offer
our customers a fully-integrated emission control system to meet stringent
diesel emissions regulations for NOx reduction," said Gregg Sherrill, Tenneco
Chairman and CEO. "This technology allows us to optimize both the performance
and cost of a total aftertreatment system, providing greater value for our
customers globally."
The ELIM-NOx(TM) injector system and "self-learn" monitoring device are unique.
The injector system is capable of providing rapid, uniform dispersion of urea
without the use of steam or compressed air, reducing overall system lifecycle
cost. Tenneco believes that, with this technology, it will be the only complete
emissions control system manufacturer with the capability to manufacture and
integrate its own injector systems into a diesel emissions control system.
The "self-learn" monitoring device--which uses sensors to measure NOx, exhaust
temperature, and other engine parameters-- significantly reduces vehicle
development time and cost. It is temporarily mounted on a development vehicle as
it operates in normal driving conditions. This helps minimize off-line vehicle
testing and calibration.
"The CCA self-learning capability is truly unique, allowing for very quick
prototyping of development vehicles. We believe it will offer an extremely
attractive system integration alternative for our customers, saving both time
and
-More-
money compared to traditional dynamometer calibration techniques," said Tim
Jackson, Tenneco Chief Technology Officer.
In addition to providing this innovative solution to original equipment
manufacturers, Tenneco will also sell retrofit versions of the ELIM-NOx(TM)
system for commercial vehicles. Later this year, the company expects to complete
final validation testing for the system to be added to the EPA list of verified
retrofit technologies.
Tenneco will purchase CCA's mobile emission business for approximately $16
million. The transaction is subject to customary closing conditions, including
receipt of various third party approvals. Tenneco expects the transaction to
close in September.
ABOUT TENNECO
Tenneco is a $4.7 billion manufacturing company with headquarters in Lake
Forest, Illinois and approximately 19,000 employees worldwide. Tenneco is one of
the world's largest designers, manufacturers and marketers of emission control
and ride control products and systems for the automotive original equipment
market and the aftermarket. Tenneco markets its products principally under the
Monroe(R), Walker(R), Gillet(TM) and Clevite(R)Elastomer brand names.
ABOUT COMBUSTION COMPONENTS ASSOCIATES
CCA develops, manufactures and markets air pollution control technologies for
the power generation and transportation industry. For over twenty-five years,
CCA has been an industry leader in the design, development, testing and
manufacture of high efficiency, low emission combustion systems for boilers and
diesel engines. CCA has over 300 customers in the areas of power and automotive
applications.
This press release contains forward-looking statements regarding the proposed
acquisition and Tenneco's plans following the acquisition. Words such as
"expects," "will" and similar expressions identify forward-looking statements.
These forward-looking statements are based on the current expectations of the
company (including its subsidiaries). Because these forward-looking statements
involve risks and uncertainties, the company's plans, actions and actual results
could differ materially. Among the factors that could cause these plans, actions
and results to differ materially from current expectations are (i) the receipt
of necessary third party approvals in connection with the transaction, (ii)
Tenneco's ability to successfully integrate the acquisition, and (iii) Tenneco's
ability to develop and profitably commercialize new products and technologies,
and the acceptance of such new products and technologies by the company's
customers and the market. The company undertakes no obligation to update any
forward-looking statement to reflect events or circumstances after the date of
this press release. Additional information regarding these risk factors and
uncertainties is detailed from time to time in the company's SEC filings,
including but not limited to its report on Form 10-K/A for the year ended
December 31, 2006. Further information can be found on the company's web site at
www.tenneco.com.
###
2