Volkswagen Group Honours IEE With Development Award

LUXEMBOURG, June 22 -- The Volkswagen Group honoured IEE S.A. with a prestigious development award during its 'Volkswagen Group Award' held in Hanover on June 9.

With this award the Volkswagen Group recognises IEE as one of the best performing development suppliers. The award specially refers to excellence in development. This category reflects innovation capabilities, equipment, project competence, method competence and the quality of co-operation.

The award ceremonies were held at the Maritim Hotel in Hanover. Awards were presented to 25 suppliers in the five categories of Quality, Development Competence, Logistics, Entrepreneurial Skills and Environment. The awards were presented by Dr. Bernd Pischetstrieder, Chairman of the Board of Management of Volkswagen AG, and Francisco Javier Garcia Sanz, Member of the Board of Management of Volkswagen AG responsible for supply, to Michel Witte, IEE Vice-President.

"This important award is a clear recognition of our partnership with Volkswagen and to our continuous commitment to provide intelligent business solutions to Volkswagen," declared Michel Witte. "We are committed to building a reliable, quality product that provides significant safety benefits to vehicle occupants. Our research and development facilities and our high-volume manufacturing capacity allow us to consistently deliver timely innovative and quality products to exact specification. IEE is proud to be the safety-sensor technology partner to leading automobile manufactures world-wide."

For several years IEE has maintained a development partnership with Volkswagen and currently supplies Seat Belt Reminder sensors. The IEE Seat Belt Reminder sensor in conjunction with a seat belt buckle switch triggers a warning light and an audible signal reminding the seat occupant to fasten his or her seat belt. The IEE Seat Belt Reminder consists of a sensor mat made of two sandwiched carrier sheets held together by an adhesive. Increased pressure on the sensor mat causes a decrease in electrical resistance of the cells thus activating the activating the seat belt reminder sensor. A signal is transmitted that the seat is occupied.

International Electronic and Engineering (IEE S.A.) has emerged as a global leader in the field of automotive occupant sensing. The company was founded in 1989 and entered the automotive market in 1994. IEE supplies leading edge R&D, applications support and production for all major automotive markets in Europe, North America and the Asia/Pacific Area. Sensing products by IEE include Passenger Presence Detection (PPD), Child Seat Presence and Orientation Detection (CPOD) and Occupant Classification system (OC(R)). IEE's customer list includes nearly all European, American and Asiatic automotive manufacturers. IEE sensors can be found actually in more than 30 million cars. In FY 2004, revenues from sales exceeded 102 million Euros.

IEE has more than 914 employees and operates a manufacturing site as well as a technical centre in Luxembourg. In addition, IEE has R&D facilities in Detroit, Michigan (USA), Seoul (South Korea), Tokyo (Japan) and Beijing (China). For more information please visit www.iee.lu.

Francoise Putz, Senior Corporate Communication Specialist, IEE S.A., 2b, route de Treves, L-2632 Luxembourg, Phone: +352-424737-471, Fax: +352-424737-203, email: francoise.puetz@iee.lu