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Sypris Solutions Subsidiary Enters Into Long-Term, Sole-Source Agreement With Global Truck OEM To Supply Certain Critical Components For Use In Proprietary AMT For Heavy Trucks In North America
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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.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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