Sypris Awarded Long-Term Contract With Global Truck OEM

Business Wire

3 days ago

LOUISVILLE, Ky.--(BUSINESS WIRE)--Sypris Technologies, Inc., a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has entered into a long-term agreement to supply certain drivetrain components for a leading global truck OEM's new electrified heavy-duty vehicle. The parties expect initial deliveries to begin in 2026.
Commenting on the announcement, Federico Aviles, Vice President and General Manager of Sypris Technologies Mexico, S. de R.L. de C. V., stated, 'We were pleased to be selected by our customer to develop certain drivetrain components for its new, revolutionary electric drive system, and to serve as the sole North American source for these parts.
'The design of the new product was the result of close collaboration between the two companies, utilizing the resources of the Sypris Development Center to meet exacting, leading edge specifications for performance, weight, cost and durability. We are also proud to support our customer's decarbonization objectives, and its stated goal of net zero emissions.'
Sypris Technologies, Inc. is a premier manufacturer and supplier of drivetrain and other critical components for the commercial and recreational vehicle, automotive, mining, agriculture, industrial and energy markets. Sypris is headquartered in Louisville, Kentucky. Through its operations in North America, Sypris continues to meet the needs of the industry after more than 90 years of service. For more information about the Company, visit its Web site at www.sypris.com.
Forward-Looking Statements
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