Profile: Sypris Solutions Inc (SYPR.A)
27 Jul 2018
Sypris Solutions, Inc. (Sypris), incorporated on October 22, 1997, is a provider of outsourced services and specialty products. The Company offers a range of manufacturing, engineering, design and other technical services, under sole-source contracts with corporations and government agencies in the markets for industrial manufacturing, and aerospace and defense electronics. The Company operates through two segments: Sypris Technologies and Sypris Electronics. Sypris Technologies segment, which consists of Sypris Technologies, Inc. and its subsidiaries, is engaged in the sale of goods and manufacturing services to customers in the market for truck components and assemblies and from the sale of products to the energy and chemical markets. Sypris Electronics segment, which consists of Sypris Electronics, LLC and its subsidiary, is engaged in the sale of manufacturing services, technical services and products to customers in the market for aerospace and defense electronics.
The Company offers specialized products, including light weight axle components, digital and analog data systems, and encryption devices used in military applications, a range of cyber security training and identity authentication solutions, and specialty closures and joints used in pipeline and chemical systems. It also designs and fabricates production tooling, manufactures prototype products and provides other services for its customers. It provides its customers with a range of solutions, from low-volume prototype assembly to high-volume turnkey manufacturing. It offers manufacturing solutions, including design conversion and enhancement, process and tooling development, materials procurement, system assembly, testing and final system configuration.
Through its Sypris Technologies, the Company supplies forged and machined components, serving the commercial vehicle, off highway vehicle, light truck and energy markets in North America. It produces drive train components, including axle shafts, gear sets, differential cases, steer axle forgings and other components for use by the truck manufacturers. The Company offers its customers a range of solutions, including automated forging, extruding, machining, induction hardening, heat-treating and testing services. It also designs and fabricates production tooling, manufactures prototype products and provides other services for its customers. It offers drive train components for medium and heavy-duty trucks and transmission shafts for heavy-duty trucks, as well as specialty closures for oil and gas pipelines.
The Company's Sypris Electronics is organized in three business lines: Information Security Solutions (ISS), Electronic Manufacturing Services (EMS), and Cyber Security and Analytics (Cyber). Its ISS business provides solutions in secure communications, global electronic key management, Sypris Data Systems branded products, and product design and development to the United States Government, both defense and civilian agencies, international government agencies, as well as aerospace and defense prime contractors across the world. It has contracts with the Department of Defense to design and build information assurance products, including link encryptors, data recording products and electronic key fill devices.
The Company's EMS business is focused on circuit card and full box build manufacturing, dedicated space and manufacturing, integrated design and engineering services, systems assembly and integration, design for manufacturability and design to specification work. Its customers include aerospace and defense companies. Its Cyber business includes a range of software, hardware and service solutions designed for security personnel to protect the operations and sensitive information from theft, disruption or other harm.
The Company competes with Ramkrishna Forgings Limited, Mid-West Forge, Inc., GNA Axles Limited, US Manufacturing Corporation, Spencer Forge and Machine, Inc., Traxle, Celestica Inc., Jabil Circuit, Inc. and Safenet, Inc.
Sypris Solutions Inc
101 Bullitt Ln Ste 450
LOUISVILLE KY 40222-5474