Tenneco and GE Transportation Sign Agreement to Jointly Develop Diesel Emission Control SCR Technology

Tenneco Awarded Development Contract for GE Locomotive Applications

Company Positioned to Become Long-Term Strategic Supplier to GE Transportation

LAKE FOREST, Ill.--(BUSINESS WIRE)--Tenneco Inc. (NYSE:TEN) and GE Transportation, a unit of General Electric Company (NYSE:GE), today announced they have signed a joint agreement to develop a proprietary selective catalytic reduction (SCR) aftertreatment technology designed to reduce and control diesel engine emissions for various transportation and other applications.

“We're pleased to partner with GE Transportation on this exciting advanced-technology initiative and look forward to developing cutting-edge diesel aftertreatment systems for their locomotives and other applications”

GE and Tenneco will collaborate on the development and production of GE's Hydrocarbon-Selective Catalytic Reduction catalyst technology (HC-SCR), a diesel aftertreatment innovation aimed at reducing harmful nitrogen oxide (NOx) emissions as effectively as urea-based SCR systems. Tenneco, an industry leader in emission control technology and global supplier to many leading global automakers and commercial vehicle manufacturers, will work with GE to further develop and integrate the HC-SCR technology into complete aftertreatment systems for both the locomotive and off-highway vehicle markets. Once fully developed, the technology will also be offered to customers in the on-road, marine and stationary power markets.

Tenneco will also have the opportunity to develop GE's HC-SCR technology for expanded markets. Through an agreement with GE's Technology Ventures team, Tenneco has acquired licensing rights for GE's HC-SCR technology for on-road and off-highway vehicles, marine and stationary power applications and certain locomotive fields of use.

The two companies also announced that Tenneco has been awarded a development contract for locomotive projects and that Tenneco is positioned to become a long-term strategic supplier of diesel aftertreatment solutions to GE Transportation.

“We're pleased to partner with GE Transportation on this exciting advanced-technology initiative and look forward to developing cutting-edge diesel aftertreatment systems for their locomotives and other applications,” said Gregg Sherrill, Tenneco Chairman and CEO. “We're also very excited about the opportunity this creates for Tenneco to diversify our SCR aftertreatment technology offerings and capabilities and expand our emission control business into new market segments.”

“GE Transportation has been developing this game changing technology at its Global Research Center based on the request of our customers,” said Steve Gray, Vice President of Engineering for GE Transportation. “Our partnership with Tenneco will position both companies to serve present and future customers worldwide.”

GE's HC-SCR technology has been under development since 2001 at GE Global Research, the centralized research and development organization for all of GE. Global Research was able to bring together a unique, multi-disciplinary team of catalyst, ceramics and combustion experts, as well as engine designers, to help create this revolutionary new aftertreatment catalyst. Once fully developed, the GE HC-SCR technology is expected to provide advantages in weight, packaging, and convenience, in addition to being offered as an alternative to a urea-based SCR technology. Tenneco currently offers its own innovative ELIM-NOx™ urea-based SCR aftertreatment solutions for commercial on and off-road vehicle customers.

“This agreement truly strengthens Tenneco's emissions control advanced technology portfolio,” said Tim Jackson, Tenneco Chief Technology Officer. “Our customers will now be able to choose from a full suite of NOx reduction technology solutions with one stop shopping at Tenneco.”

Additional details regarding the licensing agreement, long-term production supplier agreement and development contract are not being disclosed at this time.

About Tenneco

Tenneco is a $6.2 billion manufacturing company with headquarters in Lake Forest, Illinois and approximately 21,000 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®, Walker®, Gillet™ and Clevite®Elastomer brand names. Tenneco’s global emissions operations include 48 emission control manufacturing facilities and four global engineering centers devoted to emission control engineering and advanced technology. The company’s engineering capabilities and broad range of emission control products and systems help vehicle manufacturers address increasingly stringent emissions and noise regulations, the drive for better fuel efficiency and the emission control demands of diesel and other alternative fuel and hybrid vehicles.

About GE Transportation

Established more than 100 years ago, GE Transportation, a unit of General Electric Company (NYSE: GE), is a global technology leader and supplier to the railroad, marine, drilling, mining and wind industries. GE provides freight and passenger locomotives, railway signaling and communications systems, information technology solutions, marine engines, motorized drive systems for mining trucks and drills, high-quality replacement parts and value added services. GE Transportation is headquartered in Erie, Penn., and employs approximately 10,000 employees worldwide. For more information visit www.getransportation.com.

About GE Global Research

GE Global Research is one of the world's most diversified industrial research labs, providing innovative technology for all of GE's businesses. Global Research has been the cornerstone of GE technology for more than 100 years, developing breakthrough innovations in areas such as medical imaging, energy generation technology, jet engines and lighting. GE Global Research is headquartered in Niskayuna, New York and has facilities in Bangalore, India, Shanghai, China and Munich, Germany. Visit GE Global Research at www.ge.com/research.

This press release contains forward-looking statements. Words such as “anticipate,” “expects,” "will", "continue" 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) changes in automotive manufacturers' production rates and their actual and forecasted requirements for the company's products, including the company's resultant inability to realize the sales represented by its awarded book of business; (ii) changes in consumer demand and prices, including decreases in demand for automobiles which include the company's products, and the potential negative impact on the company's revenues and margins from such products; (iii) the general political, economic and competitive conditions in markets where the company and its subsidiaries operate; (iv) workforce factors such as strikes or labor interruptions; (v) material substitutions and increases in the costs of raw materials; (vi) the company'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 (vii) the timing and occurrence (or non-occurrence) of transactions and events which may be subject to circumstances beyond the control of the company and its subsidiaries. The company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.