Raytech's Raybestos Products Company Wins Ford Q-1 Recognition

13 May 1999

Raytech's Raybestos Products Company Wins Ford Q-1 Recognition

    SHELTON, Conn.--May 13, 1999-- --Raytech Corporation announces that Raybestos Products Company has received Ford Motor Company's Q-1 Award for quality and product support.
    The Q-1 Award "recognizes supplier facilities and organizations that have achieved a sustained level of excellence in customer satisfaction, while meeting systems and results requirements in quality, engineering, delivery and materials management."
    Raybestos Products Company specializes in the design, development, production and distribution of friction materials and the production and distribution of specialty engineered friction-related products to the automotive and heavy duty markets.
    Raybestos Products Company's design, production and distribution operation recently received certification for QS-9000, the validation of quality performance required to do business with the Big Three automakers.
    "Our friction products must be manufactured to the highest quality standards. We are pleased and proud to receive this Q-1 Award from Ford Motor Company. This recognition is shared by all employees of Raybestos Products Company and is evidence of their hard work and commitment," said Albert A. Canosa, President and Chief Executive Officer of Raytech Corporation.
    Raybestos Products Company operates in the wet friction segment, one of Raytech's three global strategic business units. The dry friction segment and the aftermarket segment comprise the remaining global strategic business units of Raytech Corporation.
    Raytech Corporation is headquartered in Shelton, Connecticut, with operations serving world markets for energy absorption and power transmission products, as well as custom- engineered components. Customers include Ford Motor Company, DaimlerChrysler, Caterpillar, General Motors, New Venture Gear, Deere and Co. and Mannesman Sachs.