Cadence Innovation Wins Chrysler Pacifica Business

STERLING HEIGHTS, Mich., Feb. 16, 2006 -- Less than nine months after the company announced it's restructuring under new ownership and a new management team, Cadence Innovation has been awarded an $18 million contract to produce hard trim for the 2006, 2007 and 2008 Chrysler Pacifica. The contract covers 85,000 units to be produced annually at Chrysler's Windsor (Ont.) assembly plant.

"DaimlerChrysler is our largest customer and we are absolutely thrilled to add the CS (Pacifica) program to our DaimlerChrysler responsibilities," said Jerry L. Mosingo, President and Chief Executive Officer of Cadence Innovation. "We're off to a good start and this is another opportunity for us to prove our capabilities and commitment to helping DaimlerChrysler further improve its product quality and reduce its manufacturing costs."

This program includes 45 different end-items for Pacifica as part of three different vehicle options and two color schemes. It will be handled by Cadence Innovation's Groesbeck and Holly Road plants, both located in Michigan.

Cadence Innovation offers design, engineering, manufacturing, and assembly/sequencing solutions for interior and exterior components, systems and modules in four areas -- instrument panels and cockpits, painted exteriors (including modules), doors/door modules and cargo management systems. The company has 6,000 employees in 24 facilities in the United States, France and the Czech Republic and supplies automotive components and modules to auto manufacturers globally.