Sypris Announces Share Repurchase Program of up to $%M

Sypris Solutions, Inc.

announced today that its Board of Directors approved a new program authorizing the Company to repurchase up to $5 million of its outstanding shares of common stock from time to time over the next twelve months. The share repurchase program does not obligate the Company to repurchase a minimum number of shares, and the program may be suspended or discontinued at any time without prior notice. The share repurchase program will be funded with the Company's cash on hand, and repurchased shares will be retired and returned to unissued status.