KSS COMMENCES STEERING WHEEL PRODUCTION IN INDIA

Safety Leader Expands Product Penetration in Asia

Pune, India, August 16, 2017 – Key Safety Systems (KSS), a global leader in mobility safety headquartered in Michigan, USA, is pleased to announce it commenced production of steering wheels in its new manufacturing location in Pune, Maharastra, India.

KSS, along with its local JV Partner, is devoted to the mission of providing world class, lifesaving products domestically in India and abroad. The continued expansion of KSS-Abhishek requires the ability to deliver products meeting global standards locally.

“The new world class steering wheel plant will strengthen the “Make in India” mission driven by Indian OEMs’ ”, said Mahendra S Rajawat, KSS India President.

The new facility specializes in leather wrapping and final assembly of highly contented steering wheels. It started production for multiple OEM customers since the second quarter of 2017 and reserves space for continued growth. By using state-of-the-art equipment and tightly controlled manufacturing processes, this new facility is a benchmark within the region.

“This latest investment illustrates our continuing and long-standing commitment to increase our cost competitiveness and strong presence in the region” stated Greg Heald, KSS Senior Vice President and President Asia Region.

About KSS
Key Safety Systems (KSS) is a global leader in mobility safety through the system integration and
performance of safety-critical components to the automotive and non-automotive markets serving the
active safety, passive safety and specialty product sectors. Through highly specialized design,
development, and manufacturing, KSS’ technology is featured in more than 300 vehicle models produced
by over 60 well-diversified customers worldwide. Since commencing business as a United States start-up,
serving Detroit auto makers in 1916, KSS continues today with an entrepreneurial and pioneering spirit.
KSS is headquartered in Sterling Heights, Michigan, with a global network of ~13,000 employees in 32
sales, engineering, and manufacturing facilities. The company has 5 main technical centers located in the
key regions of the Americas, Europe and Asia. It is an independently-operated subsidiary of Ningbo Joyson
Electronic Corp. (SHA: 600699) (“Joyson Electronics”).

For further information about Key Safety Systems see: http://www.keysafetyinc.com

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