Sypris Technologies Awarded Off-Highway Contract by Dana

LOUISVILLE, Ky.--Sypris Technologies, Inc., a subsidiary of Sypris Solutions, Inc., announced today that it has been awarded a multi-year contract by Dana to forge and machine off-highway components. Terms of the agreement were not disclosed.

Commenting on the announcement, Jeffrey T. Gill, President and CEO of Sypris Solutions said, "We are pleased to have the opportunity to expand our relationship with Dana. The agreement represents a natural extension of the long-standing collaboration that exists between Dana and Sypris.”

Added Jeff Davis, Director of Sales for Sypris Technologies, "Sypris is committed to providing its customers with leading edge products and manufacturing solutions. Mining applications require durability and longevity, which Sypris achieves using advanced development and production techniques supported by the Sypris Production System.”

Sypris Technologies is a premier manufacturer and supplier of forgings and machined component solutions for the commercial vehicle, automotive, recreational vehicle, mining, agriculture and energy markets. Sypris is based in Louisville, Kentucky. With facilities located throughout North America, Sypris continues to meet the needs of the industry after more than 90 years.

Sypris Solutions is a diversified provider of technology-based outsourced services and specialty products. The Company performs a wide range of manufacturing and technical services, typically under multi-year, sole-source contracts with major corporations and government agencies in the markets for aerospace and defense electronics, truck components and assemblies, and test and measurement services. For more information about Sypris Solutions, visit its Web site at www.sypris.com.