Date: 2013-08-01

Allison Transmission, Dana Holding Corp. have Licensed the Rights to NuVinci® Technology from Fallbrook Technologies Inc.; Companies Plan to Cooperate on Engineering, Manufacturing of Next-Generation Transmissions

Allison Transmission Holdings Inc. (NYSE: ALSN), Dana Holding Corporation (NYSE: DAN), and Fallbrook Technologies Inc. announced the formation of strategic relationships to develop, manufacture, and commercialize high-efficiency transmissions for passenger vehicles, commercial vehicles, and off-highway equipment. These next-generation transmissions will be designed to increase fuel efficiency, reduce emissions, and improve overall vehicle performance.

Fallbrook's NuVinci® CVP technology, which enables designers to reduce the complexity of transmissions, superchargers, and other powertrain systems and allows the engine to operate at more efficient speeds, will be licensed to Allison and Dana.

Through its licensing agreement, Allison gains the exclusive right from Fallbrook to utilize its CVP technology to develop and commercialize primary drivetrain transmissions for Allison's end markets, which could include commercial vehicles, military applications, and certain off-highway and large stationary equipment markets.

"As the premier global provider of commercial-duty fully automatic transmissions, Allison is committed to developing and implementing new technologies that meet the market need for improved performance, fuel economy, and durability," said Lawrence E. Dewey, Chairman, President and Chief Executive Officer of Allison. "For nearly a century, we have earned the trust of our customers through an unwavering dedication to quality, integrity, and innovation

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