Press Release

Sypris Achieves Nadcap Accreditation for Electronics

May 2, 2017 at 1:00 PM EDT

Quality and Safety for Aerospace and Defense Applications

TAMPA, Fla.--(BUSINESS WIRE)--May 2, 2017-- Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has received accreditation from the National Aerospace and Defense Contractors Accreditation Program (“Nadcap”) for its continued commitment to quality satisfaction as required by customer and industry specifications.

Nadcap is an industry-managed approach, designed to ensure the highest standards of quality control, especially for the highly complex, 'special processes' that are essential to the Aerospace and Defense industries. As a central part of this mission, Nadcap brings together technical experts from both Industry and Government to establish requirements for approval of suppliers using a standardized approach. By achieving Nadcap accreditation, Sypris has demonstrated its compliance with this rigorous program.

“Achieving Nadcap accreditation is not easy: it is one of the ways in which the aerospace industry identifies those who excel at manufacturing quality product through superior special processes. Companies such as Sypris Electronics work hard to obtain this status and they should be justifiably proud of it,” said Joe Pinto, Executive Vice President and Chief Operating Officer at the Performance Review Institute. “PRI is proud to support continual improvement in the aerospace industry by helping companies such as Sypris Electronics be successful and we look forward to continuing to assist the industry moving forward.”

“The Nadcap accreditation allows us to leverage our operations, quality and engineering capabilities and expand our business in the Aerospace sector,” commented Jim Long, Vice President & General Manager of Sypris Electronics. “At the same time, Sypris Electronics continues to expand its targeted business base beyond the U.S. Department of Defense market into other regulated, high value-added markets.”

Sypris Electronics is a trusted provider of electronic solutions, addressing customers’ needs for building complex, mission-critical electronic and electro-mechanical devices and integrated systems. Backed by 50 years of experience, Sypris’ engineering and manufacturing services span our customers’ product life cycle all within a culture of continuous improvement and Six Sigma/Lean thinking. Partners from multiple agencies and tier one companies in Military (DoD), Space, Medical, Civil Avionics, Telecom, and Industrial markets team with Sypris to deliver high-reliability electronics built with strict adherence to regulated requirements. For more information, please visit www.sypriselectronics.com.

Created in 1990 by SAE Inc., Nadcap is administered by the not-for-profit Performance Review Institute. PRI is a global provider of customer-focused solutions designed to improve process and product quality by adding value, reducing total cost and promoting collaboration among stakeholders in industries where safety and quality are shared goals. PRI works closely with industries to understand their emerging needs and offers customized solutions in response. Learn more at www.p-r-i.org or contact PRI at PRI@p-r-i.org.

Source: Sypris Electronics, LLC

Sypris Electronics, LLC
Jim Long, 813-972-6747