Allison Transmission Makes Investment in Marian University’s New School of Engineering
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INDIANAPOLIS, February 22, 2021 – Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, is pleased to announce a $250,000 commitment to Marian University in support of the E.S. Witchger School of Engineering. Marian is dedicated to providing students with excellent teaching and learning in the Franciscan and liberal arts traditions.
The E.S. Witchger School of Engineering is currently recruiting students and will open to its inaugural class in Fall 2022. The school will offer Bachelor of Engineering degrees rooted in the liberal arts with the goal of graduating a diverse pipeline of talented leaders. The E. S. Witchger School of Engineering will seek to distinguish itself as a contemporary program centered around hands-on learning with a consistent design thread throughout the curriculum.
“Allison is proud to support Marian University in its mission to develop students of all backgrounds into skilled engineers who will positively influence their industries and communities for years to come,” said Ryan Milburn, Vice President of Product Engineering, Allison Transmission. “We know firsthand the impact that engineers can have on innovation, and we look forward to continued collaboration with the university and its next generation of leaders.”
A new, state-of-the-art building that will house the engineering school is currently under construction and will open to students in Fall 2023. The facility is designed for creative collaboration with innovative makerspaces and active learning labs where students can work together to design, assemble, manufacture and test their projects. Allison’s investment will directly support the opening of the new building. Ryan Milburn will also be elected to the E. S. Witchger School of Engineering’s Board of Visitors.
“Marian University is thrilled to be partnering with Allison Transmission as we embark on opening the E.S. Witchger School of Engineering,” said John Finke, Vice President for Institutional Advancement, Marian University. “Through this new program, our goal is to have significant economic impact in Indiana by bringing more diversity to the field of engineering.”
Marian University is committed to building a more diverse workforce through the creation of pathway programs that inspire students from underserved and underrepresented backgrounds to consider careers in the STEM fields. The university’s goal is to have approximately 400 students enrolled in the engineering program by Fall 2026.
Feb 22, 2022
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 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.