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UT Automotive, Saturn Electronics & Engineering to Form Strategic Alliance

27 February 1998

UT Automotive, Saturn Electronics & Engineering to Form Strategic Alliance

    DEARBORN, Mich., Feb. 27 -- UT Automotive, a United
Technologies company, today announced it has signed an agreement forming a
strategic alliance with Saturn Electronics & Engineering, Inc., a minority
business enterprise based in Auburn Hills, Mich.
    Saturn Electronics & Engineering has organized a company -- named Saturn
Electronics Texas, LLC -- to produce battery cables, bond straps and trailer
tows, as well as battery cable service.  UT Automotive will invest in and
acquire a minority interest in the company.
    Saturn Electronics & Engineering has 1,100 employees, operates businesses
in the United States, Monterrey, Mexico and Beijing, China, and has affiliates
in South America and Western Europe.  The new company, Saturn Electronics
Texas, plans to begin operating a maquiladora immediately at a facility in
Juarez, Mexico.
    "We're very excited to be involved with a global minority supplier," said
Ed Buker, president of UT Automotive's Electrical Systems Americas (ESA)
organization.  "We will support Saturn Electronics Texas in their efforts to
serve our current customers, and to serve new markets in both the automotive
and non-automotive sectors."
    Wallace Tsuha, founder, chairman and CEO of Saturn Electronics &
Engineering, said, "UT Automotive and Saturn possess clear synergies which
create sustainable competitive advantages that will benefit our customers,
associates and all stakeholders."
    UT Automotive is a $3 billion tier-one supplier of electrical, electronic
and interior trim systems and components to car and light truck manufacturers.
Based in Dearborn, Mich., the company has 40,000 employees and 90
manufacturing, engineering, sales and marketing facilities in 18 countries.
UT Automotive is a subsidiary of Hartford, Conn., based United Technologies
Corp. , which provides a broad range of high technology products
and services to the aerospace, building systems and automotive industries.
    Saturn Electronics & Engineering, Inc. is a privately held $160 million
firm serving OEM, tier one and tier two automotive, commercial and
defense markets with innovative electronic and electromechanical products
and services.  Its products are used in alarm, lock and lighting systems;
power seats; power sliding doors; fuel systems; automatic transmissions;
HVAC actuators; power distribution centers and many other applications.
Saturn Electronics & Engineering is a role model Minority Business
Enterprise and received numerous awards for a superb track record with
customers, employees and affiliates.
    In 1997 Saturn was named Entrepreneur of the Year by Ford Motor Company
and received the Role Model of the Year award for continuous improvement
from Chrysler Corp.

SOURCE  UT Automotive