Williams Controls Subsidiary Awarded Automotive Service Contract
20 January 1999
Williams Controls Subsidiary Awarded Automotive Service ContractPORTLAND, Ore., Jan. 19 -- Williams Controls, Inc. announced that its subsidiary, Premier Plastic Technologies, has been awarded the Rear Lighting Service program by Textron Automotive for Chrysler's 1998 Jeep Grand Cherokee. Under this contract, Premier Plastics will supply Textron with replacement taillight systems for the Grand Cherokee, one of the most popular sport utility vehicles on the road today. Premier Plastics will have total responsibility for molding, painting, metalizing, assembling and testing these systems, which are used by Chrysler Jeep dealers and other repair facilities in North America that complete collision and repair work for this vehicle model. Williams Controls chairman and CEO Thomas W. Itin stated, "This contract is a major step in our drive to further penetrate the automotive sector with our lighting systems products and other products in the Williams Controls line. This new program enhances our current lighting business and supports our expectation for strong growth in the lens and optical components part of our business in 1999." Premier Plastic Technologies, Inc. is a QS-9000 certified automotive supplier operating from a new 60,000 square foot manufacturing center in Sterling Heights, Michigan that utilizes state-of-the-art plastic injection molding presses in its manufacturing process. Williams Controls is a leading manufacturer and integrator of innovative sensors, controls and communications systems for the transportation and communications industries. For more information, you can reach the Company at http://www.wmco.com on the World Wide Web. Forward-looking statements in this news release, if any, are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the statements, including the impact of changing economic or business conditions, the impact of competition, the availability of financing, the success of products in the marketplace, other factors inherent in the industry and other factors discussed from time to time in reports filed by the company with the Securities and Exchange Commission.