Sypris Awarded Long-Term Contract with Volvo Group North America

Sypris Technologies, Inc. (Sypris), a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has been awarded a long-term contract with Volvo Group North America LLC and Mack Trucks, Inc. for the supply of axle shafts for use on Volvo's Mack branded axle through 2018. Commenting on the announcement, Paul Larochelle, Vice President of Sales and Strategic Initiatives, stated, "Sypris has been providing axle shafts to Volvo for over a decade as a tier two supplier. We are pleased to continue the supply of these components now directly to Volvo as a tier one supplier. We are excited for the opportunity to expand and extend our strategic relationship with Volvo and collaborate on other