Allison Transmission Unveils New Innovation Center at Indianapolis Headquarters

All New, Engineering Center of Excellence Will Promote Innovation and Collaboration for the Next Generation of Commercial Vehicle Propulsion

INDIANAPOLIS, March 7, 2022 – Allison Transmission, a leading designer and manufacturer of conventional, electric hybrid and fully electric vehicle propulsion solutions, today unveiled the Allison Transmission Innovation Center, a new 96,000-square-foot facility featuring enhanced product and technology development and validation capabilities to support its customers, industry partners and suppliers.

At the state-of-the-art facility located on the campus of Allison’s headquarters and primary manufacturing base in Indianapolis, Allison engineers will be focused on advancing technology in the commercial vehicle industry to support its mission of improving the way the world works. The Innovation Center is now the home to approximately 300 Allison employees, consolidating engineering teams from multiple locations into one facility. Consolidation of our engineering teams will enhance internal and external collaboration allowing Allison to bring new products and technology to market faster and more efficiently.

“The Innovation Center, along with the recently expanded Vehicle Electrification and Environmental Test Center also located on our Indianapolis campus, will be centers of excellence for the development of enhanced conventional and fully electric vehicle technology to meet the constantly evolving needs of the end markets Allison serves,” said Dave Graziosi, Chairman and CEO, Allison Transmission. “These facilities showcase our commitment to maintaining a leading role in powering the advancements of sustainability and environmental initiatives in the commercial vehicle industry.”

The company hosted a ribbon cutting ceremony this morning to commemorate the opening of the Innovation Center. Special guests and community leaders joined Allison to celebrate the occasion including Mayor Hogsett, EVP of Entrepreneurship and Innovation at IEDC Dave Roberts, members of the Speedway Town Council, local leaders in education from IUPUI, Marian University and Purdue University, along with partners that helped Allison realize its vision for the facility.

Over the past 100 years, Allison has established a reputation for providing the most reliable, durable and valued propulsion solutions in the world. Investments like the Innovation Center will help ensure that the company remains an industry leader with its next generation of propulsion systems.

Mar 07, 2022

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Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of vehicle propulsion solutions for commercial and defense vehicles, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, and a leader in electrified propulsion systems that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has approximately 1,600 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.

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This press release contains forward-looking statements. The words “believe,” “expect,” “anticipate,” “intend,” “estimate” and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Although forward-looking statements reflect management’s good faith beliefs, reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements speak only as of the date the statements are made. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise. These forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to: our participation in markets that are competitive; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments, competitive threats and changing customer needs, including with respect to electric hybrid and fully electric commercial vehicles; increases in cost, disruption of supply or shortage of labor, freight, raw materials, energy or components used to manufacture or transport our products or those of our customers or suppliers, including as a result of geopolitical risks, wars and pandemics; global economic volatility; general economic and industry conditions, including the risk of recession; labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers or suppliers; the duration and spread of the COVID-19 pandemic, including new variants of the virus and the pace and availability of vaccines and boosters, mitigating efforts deployed by government agencies and the public at large, and the overall impact from such outbreak on economic conditions, financial market volatility and our business, including but not limited to the operations of our manufacturing and other facilities, the availability of labor, our supply chain, our distribution processes and demand for our products and the corresponding impacts to our net sales and cash flow; the highly cyclical industries in which certain of our end users operate; uncertainty in the global regulatory and business environments in which we operate; the concentration of our net sales in our top five customers and the loss of any one of these; the failure of markets outside North America to increase adoption of fully automatic transmissions; the success of our research and development efforts, the outcome of which is uncertain; U.S. and foreign defense spending; risks associated with our international operations, including acts of war and increased trade protectionism; 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 identify, consummate and effectively integrate acquisitions and collaborations; risks related to our indebtedness; and other risks and uncertainties associated with our business described in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. 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 and risks related to our indebtedness.

SOURCE Allison Transmission Holdings Inc.