DALLAS--(BUSINESS WIRE)--Trinity Highway Products, LLC (“Trinity Highway”), a wholly owned subsidiary of Trinity Industries, Inc. (NYSE: TRN), questions the circumstances under which the Virginia Department of Transportation (“VDOT”) is conducting a series of six crash tests on the Trinity Highway ET Plus® System.
Today, the Texas A&M Transportation Institute (“TTI”), the designer of the ET Plus® System, released a statement that it has no confidence in the crash tests being performed by VDOT. Please see the following link for TTI’s statement: https://tti.tamu.edu/wp/wp-content/uploads/2014/12/TTI-Statement-on-Virginia-Crash-Tests-FINAL-09-18-15.pdf.
VDOT is conducting arbitrary, non-standard crash testing of the ET Plus® System. In Trinity Highway’s opinion, VDOT’s intention is to create the appearance that the product has failed crash tests for purposes of litigation. Trinity Highway shares TTI’s lack of confidence in the crash tests being performed by VDOT.
VDOT’s further testing of the most-tested roadway safety device is unnecessary. Changing the standards under which such tests are conducted is unsound and of utmost concern. It is altogether indefensible that one roadside safety product would be tested to a different set of standards than all others.
Earlier this year, the ET Plus® System successfully passed all eight crash tests that were requested by the Federal Highway Administration (“FHWA”), which included two tests requested by VDOT. FHWA and VDOT officials reviewed and approved Trinity Highway’s comprehensive written test plan and observed each test. All eight standard tests were successfully conducted under National Cooperative Highway Research Program Report 350 guidelines and the data and outcome of each test was reviewed and validated by an independent expert and professor at Virginia Tech. Last week, a joint task force of FHWA and the American Association of State Highway and Transportation Officials determined there are no performance limitations unique to the ET Plus® System and that no further crash testing is warranted.
Trinity’s ET Plus® System has been thoroughly reviewed by federal and state highway officials and multiple independent experts. Since its introduction, the ET Plus® System has been accepted by the FHWA for use on the nation’s roadways and has an unbroken chain of eligibility for federal aid reimbursement.
For additional facts and information related to the ET Plus® System and continued updates on this matter, you can refer to http://etplusfacts.com/Virginia.
For more information related to TTI guardrail resources: http://tti.tamu.edu/etguardrailresources/
Trinity Industries, Inc., headquartered in Dallas, Texas, is a diversified industrial company that owns market-leading businesses, which provide products and services to the energy, transportation, chemical, and construction sectors. Trinity reports its financial results in five principal business segments: the Rail Group, the Railcar Leasing and Management Services Group, the Inland Barge Group, the Construction Products Group, and the Energy Equipment Group. For more information, visit: www.trin.net.
Some statements in this release, which are not historical facts, are “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about Trinity's estimates, expectations, beliefs, intentions or strategies for the future, and the assumptions underlying these forward-looking statements. Trinity uses the words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “forecasts,” “may,” “will,” “should,” “guidance” and similar expressions to identify these forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from historical experience or our present expectations. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and “Forward-Looking Statements” in the Company's Annual Report on Form 10-K for the most recent fiscal year.