Sypris Test & Measurement Completes Purchase of Illinois Calibration Business of Instrument Repair Service, Inc.

ORLANDO, Fla.--Sept. 8, 2003--Sypris Test & Measurement, Inc., a subsidiary of Sypris Solutions, Inc., today announced that it has completed the purchase of the assets of the Illinois Calibration Business of Instrument Repair Service, Inc. ("IRSI"). Terms of the agreement were not disclosed.

The acquired Illinois Calibration Business, located in Elk Grove Village, Illinois, just outside of Chicago, was previously owned by IRSI, which is headquartered in Atlanta, Georgia. IRSI also operates a telecom related repair business, a used test equipment sales business and another calibration business in Atlanta.

Kathy Smith Boyd, president and chief executive officer of Sypris Test & Measurement, said, "This acquisition represents another step toward our ultimate goal of becoming the leading provider of calibration services in the United States. With the acquisition of the Illinois Calibration Business of IRSI, combined with our existing operations in the Chicago area, Sypris will be one of the largest providers of calibration, repair and certification services in the Chicago market. We will continue to pursue acquisition opportunities that support our strategy of becoming the predominant provider of calibration services in the nation."

Sypris Test & Measurement is a recognized market leader providing calibration, testing services and outsourcing solutions to the automotive, telecommunications, aerospace and defense industries. For more information on Sypris Test & Measurement, visit its Web site at www.sypristestandmeasurement.com.