TRW Automotive Holdings Corp.
) announced the launch of next-generation pyrotechnical seat belt
pretensioner known as SPR4 (Snake Pretensioner Retractor). SPR4
will provide a cost-effective and lightweight package to the
worldwide customers. It is being launched in North America,
Europe and China.
The SPR4 is equipped with plastic piston instead of conventional
metal components, which assists in transferring tensioning torque
more quickly. It offers simpler and lighter weight design
together with compact packaging. SPR4 is based on TRW's proven
4.0 seat belt retractor design and uses a green gas pyrotechnic
With the activation of the seat belt system a pyrotechnical gas
generator is ignited, which releases a gas. The gas then expands
and generates pressure in the guiding tube. The pressure then
acts on the plastic piston and is pushed to the pinion. The
pinion transmits significant torque to the belt retractor spool
to pre-tension the seat belt. It only takes 10 milliseconds to
complete the whole process.
TRW Automotive is a leading manufacturer of advanced technology
products and services for the automotive markets. Headquartered
in Michigan, U.S., the company operates in 27 countries through
These operations primarily involve the design, manufacture and
sale of active and passive safety related products. Currently,
the company retains a Zacks Rank #3 on its stock, which
translates to a Hold rating for the short-term (1 to 3 months).
The company's major customers include
Ford Motor Co.
General Motors Company
). They account for nearly 50% of its sales.
TRW posted earnings of $1.51 per share in the first quarter of
2013, topping the Zacks Consensus Estimate of $1.46. However,
earnings fell 6.8% from $1.62 per share in the first quarter of
2012 due to lower operating income on the back of a higher mix of
lower margin business and planned increases in costs to support
Revenues in the quarter were almost flat at $4.2 billion as the
impact of increasing demand for TRW's innovative technologies and
higher vehicle production volumes in China were offset by
significantly lower vehicle production in Europe.
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