Hilite Industries Announces Restoration of Q1 Status with Ford at Specialty Components and Assemblies Division
24 March 1998
Hilite Industries Announces Restoration of Q1 Status with Ford at Specialty Components and Assemblies Division
ELK GROVE VILLAGE, Ill., March 24 -- Hilite Industries, Inc.
(the "Company" or "Hilite") announced today that Ford Motor
Company has restored the Q1 status of the Company's specialty components and
assemblies division. The division had been placed on Q1 probation in
September 1996 due to certain quality issues. Q1 is a prestigious award
reserved for suppliers that maintain excellent quality levels with Ford
locations on an ongoing basis. This division's Q1 probation and restoration
had no effect on the Company's brake valve and power transmission divisions
which continued to maintain their present Q1 status.
Dan Brady, Hilite's Chief Executive Officer, commented: "This recognition
of the quality improvements at the division is well earned and deserved based
upon the efforts of the division personnel with the support and guidance of
Hilite's corporate management and with the cooperation and recommendations of
Ford Motor Company. The specialty components and assemblies division is still
on probation for quality issues at Visteon, a division of Ford Motor Company.
Hilite will continue to make the necessary improvements to regain its quality
rating with Visteon. The regaining of Q1 is a significant achievement for the
division in that the division is now eligible to quote new business with Ford
Motor Company."
Hilite Industries, Inc. designs, manufactures and sells a diversified line
of highly engineered components and assemblies for the automotive industry
including brake proportioning valves, electromagnetic clutches, machined
components such as mounting brackets and pulleys, and specialty components and
assemblies such as stampings, specialty springs and automated assemblies. The
Company's customers include all three domestic automotive companies: Ford
Motor Company, General Motors Corporation and Chrysler Corporation as well as
other automotive companies such as Mitsubishi Motor Sales of America, Inc.,
and Navistar International Transportation Corporation. The Company also sells
products to first-tier suppliers of the automotive industry including Borg-
Warner Corporation, Bosch Braking Systems Corporation, Denso of Los Angeles,
Inc.. and ITT Automotive of North America, Inc.
For further information call Investor Relations at 972-466-0475 or access
Hilite Industries, Inc.'s website at http://www.hilite-ind.com.
SOURCE Hilite Industries, Inc.