iSi Automotive Acquires Airbag Activities From Delphi

VIENNA, Austria, September 14 --

- iSi Automotive Expands to Become Complete Airbag Supplier

- iSi to run and Further Expand the Fully Equipped Design, Test and Engineering Centre for Vehicle Safety in Berlin

- CEO Dietmar Schafer: "Ideal Upgrade of our Service Range"

iSi Automotive GmbH, a global leader in the supply of innovative and contaminant-free compressed gas technology for airbags, acquired the largest part of automotive supplier Delphi's European airbag activities in August 2009. The company thus becomes a supplier of the full range of side, cranium and knee impact airbags. The purchase price remains confidential.

"This step is an ideal way to upgrade our range of services and now, also as a direct partner for car manufacturers, we can fall back on our long years of experience and our technological know-how," says iSi Automotive CEO Dietmar Schafer.

iSi Automotive GmbH is taking over an existing delivery and development volume for various car manufacturers from Delphi - for instance for Seat, Audi and Daimler - and will continue to expedite these. production and assembly facilities for complete airbag modules will be constructed at the Vienna headquarters for this purpose.

In addition, iSi Automotive has acquired an extremely modern design, test and engineering centre in Berlin from Delphi, significantly enhancing the company's innovative strengths. The centre complements iSi Automotive's own research and development department and will be used additionally for crash tests and system development commissions from various car manufacturers.

iSi Automotive will retain the majority of jobs at the Berlin centre and will tool up the location for testing and development, also to meet in future the high demands made within the sector.

About iSi Automotive

iSi Automotive GmbH is based in Vienna with a total of 140 employees. iSi Automotive develops, manufactures and sells gas tanks and generators with contaminant-free cold gas technology for use in vehicle airbags and for other safety-related applications as well as complete airbag modules for side, knee and cranial impact airbags. The basis for the successful marketing of these sophisticated products is the development of designs specific to the customer and the sector. Nowadays product innovations from iSi Automotive are being installed around the globe by leading car manufacturers.

The company is a part of the globally active iSi Group and a subsidiary of the Vienna-based Pochtler Industrieholding AG.

    
    Media contact:
    Natali Brandis
    Tel: +49-89-599-458-143
    Email: Natali.Brandis@cnc-communications.com

Media contact: Natali Brandis, Tel: +49-89-599-458-143, Email: Natali.Brandis@cnc-communications.com