Sypris Awarded Long-Term Supply Agreement
October 09 2019 - 9:45AM
Business Wire
Components for New Dual-Clutch Sports Car
Transmission
Sypris Technologies, Inc., a subsidiary of Sypris Solutions,
Inc. (Nasdaq/GM: SYPR), announced today that it has entered into a
long-term contract to supply certain components for use in a new
automotive transmission – an eight-speed, dual-clutch transmission
for use in high-performance, transaxle applications. Production
will begin in late 2019 for use in one of the most anticipated new
sports cars in years. Terms of the contract were not disclosed.
The new, advanced transmission features dual clutches that
engage and release in perfect computer synchronization and can
transition from one gear to the next without interrupting torque.
The incredibly fast shift time is made possible through an
integrated design approach that utilizes advanced proprietary
software algorithms and other unique componentry.
Paul Larochelle, Vice President and General Manager of Sypris
Technologies, commented, “This important project leverages our
30-plus years of experience in engineering and manufacturing
high-quality components for the demanding requirements of
transportation applications in North America. We are proud to be a
supplier of precision-quality components for this exciting, new
dual-clutch transmission in one of the most anticipated new sports
car launches in years.”
Sypris Technologies, Inc. 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 Louisville, Kentucky
with facilities in the U.S. and Mexico, Sypris continues to meet
the needs of its customers after more than 90 years of service. For
more information about the Company, visit its Web site at
www.sypris.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191009005451/en/
Paul Larochelle Vice President and General Manager
(502) 420-1225
Sypris Solutions (NASDAQ:SYPR)
Historical Stock Chart
From Aug 2024 to Sep 2024
Sypris Solutions (NASDAQ:SYPR)
Historical Stock Chart
From Sep 2023 to Sep 2024