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Sypris Electronics Launches New Subsidiary

Dépèche transmise le 14 février 2011 par Business Wire

Sypris Electronics Launches New Subsidiary

TAMPA, Fla.--(BUSINESS WIRE)--Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (NASDAQ: SYPR), announced today the opening of its new wholly owned subsidiary, Sypris Europe ApS., based in Copenhagen, Denmark. Sypris Europe will have primary responsibility for developing and sustaining emerging market needs in Europe, Asia and the Middle East as they relate to information assurance and cyber security. The office will also continue to support Sypris’ growing network of international distributors and agents.

“Sypris Europe will provide aerospace, defense, and cyber security clients throughout continental Europe, Asia and the Middle East with an alternative source for robust, proven information assurance solutions”

Sypris Europe will offer a broad range of services for the European defense and aerospace industry, to include NATO and the European Union. The new subsidiary will support all Sypris companies, including Sypris Solutions, Sypris Technologies and Sypris Electronics. Michael Stokes, Managing Director of Sypris Europe, will lead the new subsidiary. Previously, Mr. Stokes was based in Sypris Electronics’ Tampa headquarters and headed the international business development efforts for the Company.

"Sypris Europe will provide aerospace, defense, and cyber security clients throughout continental Europe, Asia and the Middle East with an alternative source for robust, proven information assurance solutions," stated John Walsh, President of Sypris Electronics. "Investing in Sypris Europe will help Sypris broaden its global footprint and develop increased customer intimacy with our international partners.”

Sypris Electronics is a world-class, integrated systems solutions provider. Our ruggedized electronic products, advanced engineering services and complete electronic manufacturing capabilities are aligned to provide our customers the best people, practices and technologies to continually exceed expectations. We consistently promote an agile, innovative culture by strategically partnering with leading-edge technology companies, agencies and universities. With over 45 years of experience, Sypris Electronics is proud to develop, manufacture and integrate leading technologies into mission critical electronics systems that secure the interests of our global partners. Visit www.sypriselectronics.com for additional company information.