Sypris Technologies, a subsidiary of Sypris Solutions, Inc., has entered into a long-term agreement to supply drivetrain components for a leading global truck OEM's new electrified heavy-duty vehicle. This contract positions Sypris as the sole North American source for these specialized parts, marking a significant entry into the electric vehicle market.
The development of these new products was a collaborative effort, utilizing the resources of the Sypris Development Center to meet stringent specifications for performance, weight, cost, and durability. This partnership underscores Sypris's capability in advanced manufacturing and engineering for critical applications.
Initial deliveries under this long-term agreement are scheduled to commence in 2026. This contract is expected to support the customer's decarbonization objectives and its goal of net-zero emissions, while also providing Sypris with a new, strategic revenue stream in an evolving industry.
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