Motorcar Parts of America Expands Brake-Related Product Offerings with Introduction of Pads and Rotors
June 06 2022 - 8:00AM
Business Wire
Motorcar Parts of America Inc. (Nasdaq: MPAA) today
announced the introduction of a comprehensive line of brake pads
and rotors, serving the professional installer market under the
company’s Quality-Built brand.
The launch of these products coincides with multi-year business
commitments and opportunities of more than $100 million from
various channel partners, primarily across multiple brake-related
products, and initial inventory to support the ramp-up.
The company’s new copper free and environmentally friendly
brake-pad line utilizes an industry-leading formulation. Its launch
is under an exclusive distribution rights agreement for the North
American market. Applications include complete hardware coverage or
no hardware for the economy lines.
The company’s brake rotor line offers full-line coverage for
passenger vehicles and light trucks, with OE-style and fully coated
corrosion protection based on extensive corrosion resistance
testing.
“The introduction of brake pads and rotors complements our newly
completed brake caliper operations and expansion program in Mexico,
as well as our industry reputation for quality, innovation, and
customer-centric service. We are encouraged by the initial response
to our new product offerings and look forward to further
opportunities across the company’s entire line of aftermarket
categories,” said Selwyn Joffe, chairman, president and chief
executive officer for Motorcar Parts of America.
About Motorcar Parts of America, Inc.
Motorcar Parts of America, Inc. is a remanufacturer,
manufacturer, and distributor of automotive aftermarket parts --
including alternators, starters, wheel bearings and hub assemblies,
brake calipers, brake pads, brake rotors, brake master cylinders,
brake power boosters, turbochargers, and diagnostic testing
equipment utilized in imported and domestic passenger vehicles,
light trucks, and heavy-duty applications. Its products are sold to
automotive retail outlets and the professional repair market
throughout the United States, Canada, and Mexico, with facilities
located in California, New York, Mexico, Malaysia, China and India,
and administrative offices located in California, Tennessee,
Mexico, Singapore, Malaysia, and Canada. In addition, the company’s
electrical vehicle subsidiary designs and manufactures testing
solutions for performance, endurance, and production of multiple
components in the electric power train – providing simulation,
emulation, and production applications for the electrification of
both automotive and aerospace industries, including electric
vehicle charging systems. Additional information is available at
www.motorcarparts.com.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a
“safe harbor” for certain forward-looking statements. The
statements contained in this press release that are not historical
facts are forward-looking statements based on the company’s current
expectations and beliefs concerning future developments and their
potential effects on the company. These forward-looking statements
involve significant risks and uncertainties (some of which are
beyond the control of the company) and are subject to change based
upon various factors. Reference is also made to the Risk Factors
set forth in the company’s Form 10-K Annual Report filed with the
Securities and Exchange Commission (SEC) in June 2021 and in its
Forms 10-Q filed with the SEC for additional risks and
uncertainties facing the company. The company undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as the result of new information, future events
or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20220606005317/en/
Gary Maier (310 972-5124
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