Sypris Awarded Long-Term Contract with Detroit Diesel Corporation
Sypris Ultra™ Series Lightweight Axle Shafts for
The Sypris Ultra™ series lightweight axle shaft reduces the weight of the drive axle assemblies by an estimated 16 pounds for the typical heavy-duty commercial vehicle. This important weight savings translates into lower material costs for the manufacturer, and contributes to shorter braking distances and greater fuel efficiency for the fleet owner. The unique design characteristics of the Sypris Ultra™ series axle shaft are patent pending.
The agreement entered into by
Commenting on the announcement,
Sypris Technologies is a premier manufacturer and supplier of drivetrain
and other critical components for the commercial vehicle, automotive,
recreational vehicle, mining, agriculture and energy markets. Sypris is
headquartered in
Detroit™ offers a complete line of heavy duty diesel engines, axles,
transmissions, safety systems and telematics products for the commercial
vehicle industry in both the on-highway and vocational markets.
This press release contains “forward-looking” statements within the
meaning of federal securities laws. Actual results could differ
materially from those projected in such forward-looking statements as a
result of certain risk factors, including but not limited to: any early
termination of the supply contract or any of those risk factors set
forth in the Annual Report on Form 10-K, dated and filed
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Source:
Sypris Technologies, Inc.
Kevin Kramer, 502-420-1229
Director,
Business Development & Marketing