Sypris Lands New Contract with Eaton Corporation’s Vehicle Group

LOUISVILLE, Ky.--Sypris Technologies, Inc., a subsidiary of Sypris Solutions, Inc., announced today that it has been awarded a new multi-year contract with Eaton Corporation’s Vehicle Group to provide transmission components for the company’s Commercial Vehicle Transmission business. Terms of the agreement were not disclosed.

“We are pleased to add Eaton Corporation to our growing list of strategic customers. We will utilize our advanced manufacturing capabilities and process systems to insure the quality, reliability and extended life required of these components are met for Eaton’s commercial vehicle transmissions.”

Commenting on the announcement, Paul Larochelle, President of Sypris Technologies commented, “We are pleased to add Eaton Corporation to our growing list of strategic customers. We will utilize our advanced manufacturing capabilities and process systems to insure the quality, reliability and extended life required of these components are met for Eaton’s commercial vehicle transmissions.”

Sypris Technologies is a premier manufacturer and supplier of drive train and other critical components 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 and truck components and assemblies. For more information about Sypris Solutions, visit its Web site at www.sypris.com.