01/03/2018 | Press release | Distributed by Public on 01/03/2018 19:08
NOVI, Mich., Jan. 3, 2018/PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) announced today that it has been awarded a global driver information platform for a major commercial vehicle manufacturer across multiple geographies and platforms. The award includes medium-duty and heavy-duty trucks and represents an estimated $38 millionin peak annual revenue based on forecasted production levels. Start of production will begin in 2020.
'This award, which includes our fully programmable instrument cluster platform as well as our hybrid instrument clusters, showcases our market-leading technology and global capabilities,' said Joacim Wenna, Vice President, Driver Information Systems, Stoneridge. 'Our team worked hard to develop the right system and this award clearly shows that Stoneridge is recognized as the global leader for commercial vehicle instrumentation.'
'Stoneridge is focused on continuing to provide solutions to our customers to fit their global needs,' said Jon DeGaynor, President and CEO, Stoneridge. 'This business award is a realization of our efforts to continue to expand our driver information systems across multiple regions of the world and deepen our relationships with our global OEM partners.'
To learn more about Stoneridge and its product offerings, please visit Stoneridge.com.
About Stoneridge, Inc.
Stoneridge, Inc., headquartered in Novi, Michigan, is an independent designer and manufacturer of highly engineered electrical and electronic components, modules and systems principally for the automotive, commercial vehicle, motorcycle, agricultural and off-highway vehicle markets. Additional information about Stoneridge can be found at Stoneridge.com.
SOURCE Stoneridge, Inc.