INDIANAPOLIS – May 17, 2016 – Allison Transmission Holdings Inc. (NYSE: ALSN) today announced that it has been recognized by Frost & Sullivan for the innovation and performance demonstrated by its fully automatic TC10®. Based on an analysis of the Class 8 tractor market, Allison received the 2016 Best Practices Award for North American Customer Value Leadership.
“We are honored to receive this recognition from Frost & Sullivan,” said Lou Gilbert, director of North American marketing and global brand development for Allison Transmission. “This award further confirms the value that the TC10 offers the Class 8 tractor market in terms of innovation and impact.”
The TC10 was also previously selected by Heavy Duty Trucking as one of its Top 20 products. The annual Top 20 selections are judged on innovation, ability to address top industry issues, and potential to improve a fleet's bottom line in areas such as maintenance savings or improvements in safety or efficiency.
On average, the TC10 delivers 5 percent better fuel economy than current manual- or automated manual transmission-equipped tractors. Additionally, the TC10’s ease of use enhances the ability to recruit and retain drivers, while reducing training time and removing the distraction of manual shifting for drivers on the road.
“The TC10 remains the first and only fully automatic transmission for the Class 8 tractor market,” said Silpa Paul, senior research analyst with Frost & Sullivan. “While this segment has traditionally been dominated by manual transmissions, the TC10 offers definite advantages related to fuel economy and drivability that will continue to spur adoption and long-term growth.”
With its twin countershaft and torque converter architecture, the TC10 combines the drivability, performance and durability benefits of full power-shifting automatic transmissions with the cruising fuel economy inherent in twin countershaft architecture. The design utilizes a torque converter for initial launch only, a five-speed countershaft main transmission and a two-speed planetary range output section. With this technology, there is no torque interruption between shifts.
“Allison’s TC10 is a perfect example of product leadership,” said Paul. “It combines the startability and continuous, uninterrupted power shifting qualities of a fully automatic transmission with the cruising aspects of a manual transmission. This product is growing Allison’s market share in the metro-tractor sub-segment, thereby strengthening its leadership in the overall Class 8 segment in North America.”
The TC10 comes equipped with Allison's newest generation of electronic controls and FuelSense® technology which provide superior fuel economy features, prognostics to eliminate unnecessary oil and filter changes and enhanced shift selector functionality.
Earlier this year, Navistar introduced the Allison TC10 coupled with the Cummins ISX15 on its International® ProStar® model. More recently, PACCAR announced that the TC10 will be offered in Kenworth T680 and T880 and Peterbilt models 567 and 579 with both PACCAR and Cummins engines. A five-year or 750,000 mile warranty is included. More information about the TC10, including customer testimonials, is available at allisontransmission.com/tc10.
This press release contains forward-looking statements. All statements other than statements of historical fact contained in this press release are forward-looking statements, including all statements regarding future financial results. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plans," "project," "anticipate," "believe," "estimate," "predict," "intend," "forecast," "could," "potential," "continue" or the negative of these terms or other similar terms or phrases. Forward-looking statements are not guarantees of future performance and involve known and unknown risks. Factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made include, but are not limited to: risks related to our substantial indebtedness; uncertainty in the global regulatory and business environments in which we operate; our participation in markets that are competitive; the highly cyclical industries in which certain of our end users operate; the failure of markets outside North America to increase adoption of fully-automatic transmissions; the concentration of our net sales in our top five customers and the loss of any one of these; future reductions or changes in government subsidies for hybrid vehicles and other external factors impacting demand; U.S. defense spending; general economic and industry conditions; the discovery of defects in our products, resulting in delays in new model launches, recall campaigns and/or increased warranty costs and reduction in future sales or damage to our brand and reputation; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments and changing customer needs; risks associated with our international operations; labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers; our intention to pay dividends and repurchase shares of our common stock; and other risks and uncertainties associated with our business described in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. All information is as of the date of this press release, and we undertake no obligation to update any forward-looking statement to conform the statement to actual results or changes in expectations.
SOURCE Allison Transmission Holdings Inc.