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Stock impact report

Sypris Receives Long-Term, Sole-Source Award From Global Truck OEM

Sypris Solutions, Inc. (SYPR) 
US:NASDAQ Investor Relations: sypris.com
Company Research Source: Business Wire
Reshoring of Advanced Automated Manual Transmission Components 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, sole-source agreement with a global truck OEM to supply certain critical components for use in the company’s proprietary advanced automated manual transmission (AMT) for heavy trucks in North America. The parties expect initial deliveries to begin in 2027.The AMT electronically controls the clutch and shifting of the transmission for better efficiency, performance, and driver comfort, even for severe duty applications. The AMT has served as an industry benchmark for years, incorporating digital intelligence to expand transmission functionality and overall cost savings. Sypris will be responsible for production and logistics, with shipments scheduled for assembly locations in the U.S. and Mexico.Commenting on the announcement, Federico Aviles, Vice Pr Show less Read more
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