Nic Gaeta Named Vice President Chief Financial Officer at S-Y Systems Technologies, Inc.

DEARBORN, Mich.--April 21, 2004--Nic Gaeta was named Vice President Chief Financial Officer for S-Y Systems Technologies, Inc., a Siemens VDO Automotive and Yazaki North America joint venture company supplying electrical and electronic distribution systems, announced Robert Crumley, president.

Gaeta was formerly the Director of Financial Audit for Siemens Corporation with scope responsibility for all business groups in the Americas. Prior to joining Siemens, Gaeta worked for Ford Motor Company from 1989 to 2000, where he held numerous positions of increasing responsibility, primarily within the marketing and sales groups in the United States, Europe and Brazil. Gaeta also worked for Merck & Company and KPMG in finance and audit positions.

"With his diverse background in many areas of business and finance and his many years at Ford, Gaeta will help S-Y Systems maintain profitability and continue to move forward as one of the top electrical and electronic distribution system suppliers to Ford Motor Company," noted Crumley.

Gaeta is a graduate of Manhattan College in New York where he received a Bachelor of Science degree in accounting and became a certified public accountant. He is also a graduate of IMD in Switzerland where he received a master of business administration degree. He currently resides with his family in Tenafly, New Jersey with plans to relocate to Michigan.

S-Y Systems Technologies is a multi-million dollar global joint venture company formed in 2001 between Siemens VDO Automotive and Yazaki North America, Inc. with 19 sales offices and manufacturing/assembly operations on six continents and six engineering centers in North America and Europe. S-Y Systems Technologies combines the electrical and electronic systems and components expertise of Siemens VDO Automotive with the global electrical distribution system and component manufacturing capabilities of Yazaki North America, Inc. Through integration, intelligent switching, connection and control modules, multiplexing, parts consolidation and use of innovative wiring and cable, S-Y Systems Technologies engineers lightweight electrical and electronic distribution systems. The proprietary Electrical Pre-Development System (EPDS) uses real world modeling to optimize the use of available power while enhancing reliability and reducing cost. For more information, contact S-Y Systems Technologies Dearborn headquarters at 313-768-3300.