TriMas Subsidiary Hi-Vol Products Awarded Contract to Supply Components on Next Generation Gasoline Direct Injection Engine
BLOOMFIELD HILLS, Mich., Jan. 17 /PRNewswire-FirstCall/ -- TriMas Corporation (NYSE: TRS) -- a diversified growth company of high-end, specialty niche businesses -- today announced that its Hi-Vol Products operating unit has been awarded production contracts for several components that will be utilized on a next generation gasoline direct injection ("GDI") engine for a major North American automobile manufacturer. Hi-Vol Products will be an indirect, tiered supplier to the engines through an existing Hi-Vol Products customer.
The GDI engine features improvements in fuel economy and horsepower, as well as reduced start up emissions relative to comparable current generation non-GDI engines. The awarded components represent engineered products that were developed through a highly collaborative effort between Hi-Vol's engineering resources and those at the customer.
Eli Crotzer, Hi-Vol Products General Manager, commented, "We are extremely pleased to have been awarded this new business after a lengthy period of development with our customer and the engine manufacturer. It is particularly satisfying to know that these engineered products will be instrumental components in making advancements in fuel economy and start up emissions reductions."
The next generation GDI engine is scheduled to go into production in 2009 for use on 2010 model year vehicles. There is also potential for follow-on awards for separate programs.
About Hi-Vol Products
Headquartered in Livonia, Michigan, Hi-Vol Products is a manufacturer of specialized cold-formed and precision-machined parts for multiple applications and industries. In particular, Hi-Vol Products has developed a reputation for being able to successfully cold form some of the most challenging parts and is among the first in the industry to achieve TS 16949 and ISO 14001 certification.
About TriMas
Headquartered in Bloomfield Hills, Mich., TriMas Corporation (NYSE: TRS) is a diversified growth company of high-end, specialty niche businesses manufacturing a variety of products for commercial, industrial and consumer markets worldwide. TriMas Corporation is organized into five strategic business groups: Packaging Systems, Energy Products, Industrial Specialties, RV & Trailer Products, and Recreational Accessories. TriMas Corporation has nearly 5,000 employees at 80 different facilities in 10 countries. For additional information, please visit www.trimascorp.com.
SOURCE TriMas Corporation
CONTACT:
Sherry Lauderback
Vice President, Investor Relations & Communications
TriMas Corporation
+1-248-631-5506
sherrylauderback@trimascorp.com
