Reshoring of Advanced Automated Manual Transmission Components

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 President and General Manager of Sypris Technologies, stated, “We are pleased to have been selected to provide vital support for our customer’s North American reshoring strategy. This important new agreement strengthens our partnership and broadens our value proposition to include logistics as well as manufacturing services for a whole new series of drivetrain components.”

Sypris Technologies provides products and engineering, design, and manufacturing services for a variety of critical infrastructure sectors, including energy, transport, defense, chemical, and water. Sypris has been serving its customers globally for over 90 years through its operations located in North America. For more information about the Company, please visit its website at www.sypristechnologies.com.