Sypris Elects Gary L. Convis to Its Board of Directors

  Sypris Elects Gary L. Convis to Its Board of Directors

            Former Vice Chairman, CEO of Dana Holding Corporation

Business Wire

LOUISVILLE, Ky. -- November 12, 2013

Sypris Solutions, Inc. (Nasdaq/NM: SYPR) announced today that effective
November 11, 2013 it has elected Gary L. Convis to join its Board of Directors
as a Class III director.

Gary L. Convis has served as Chief Operations Officer for Bloom Energy since
January 2012. Mr. Convis served as Special Advisor to the Chief Executive
Officer and President of Dana Holding Corporation from January 2010 to
December 2011 and as Vice Chairman of Dana Holding Corporation from January
2009 to December 2009. Mr. Convis served as Chief Executive Officer and
President of Dana Holding Corporation from April 2008 to December 2008. From
2003 to 2007, Mr. Convis served as an Executive Vice President of Toyota Motor
Engineering & Manufacturing North America, Inc. and as Managing Officer of
Toyota Motor Corp from May 2003 to July 2007. He started his career with
Toyota in 1984 as part of the start-up team for New United Motor
Manufacturing, Inc., Toyota's joint venture with General Motors. Additionally,
Mr. Convis served 18 years with Ford Motor Corporation following a three-year
tenure with General Motors. Mr. Convis has served on the Board for a number of
companies, including Toyota Motor Manufacturing Kentucky Inc., where he served
as Chairman of the Board (from May 2003 to July 2007); Cooper-Standard
Holdings Inc. (from 2007 to May 2010); Dana Holding Corporation (from January
2008 to December 2009); and Achates Power, Inc. (since 2007) a developer of
internal combustion engines.

Commenting on the announcement, Jeffrey T. Gill, president and chief executive
officer of Sypris Solutions, said, "We are very pleased to have Gary join our
board. Gary’s successful, highly-profiled executive leadership experience with
Toyota, GM, Ford and Dana, is expected to be of invaluable resource to Sypris
as we continue to develop our global position as a leading supplier to the
commercial vehicle, off highway and automotive industries."

Sypris Solutions is a diversified provider of outsourced services and
specialty products. The Company performs a wide range of manufacturing,
engineering, design and other technical services, typically under multi-year,
sole-source contracts with corporations and government agencies in the markets
for truck components and assemblies and aerospace and defense electronics. For
more information about Sypris Solutions, visit its Web site at

Each forward-looking statement herein is subject to risks and uncertainties,
as detailed in our most recent Form 10-K and Form 10-Q and other SEC filings.
Briefly, we currently believe that such risks also include the following:
declining revenues and backlog in our aerospace and defense business lines as
we attempt to transition from legacy products and services into new market
segments and technologies; reliance on major customers or suppliers,
especially in the automotive or aerospace and defense electronics sectors,
including the risk of potentially adverse outcomes in ongoing contract renewal
negotiations with Dana Holding Corporation and Meritor Inc.; our ability to
successfully develop, launch or sustain new products and programs within the
Electronics Group; dependence on, retention or recruitment of key employees
especially in challenging markets; adverse impacts of new technologies or
other competitive pressures which increase our costs or erode our margins; the
costs of compliance with our auditing, regulatory or contractual obligations;
potential impairments, non-recoverability or write-offs of assets or deferred
costs; inventory valuation risks including excessive or obsolescent
valuations; volatility of our customers’ forecasts, production levels,
financial conditions, market shares, product requirements or scheduling
demands; the cost, quality, timeliness, efficiency and yield of our operations
and capital investments, including working capital, production schedules,
cycle times, scrap rates, injuries, wages, overtime costs, freight or
expediting costs; regulatory actions or sanctions (including FCPA, OSHA and
Federal Acquisition Regulations, among others); potential weaknesses in
internal controls over financial reporting and enterprise risk management; the
costs and supply of, or access to, debt, equity capital, or insurance; fees,
costs or other dilutive effects of refinancing, or compliance with covenants;
disputes or litigation involving customer, supplier, employee, lessor,
landlord, creditor, stockholder, product liability or environmental claims;
U.S. government spending on products and services that our Electronics Group
provides, including the timing of budgetary decisions; changes in licenses,
security clearances, or other legal rights to operate, manage our work force
or import and export as needed; breakdowns, relocations or major repairs of
machinery and equipment; pension valuation, health care or other benefit
costs; labor relations; strikes; union negotiations; cyber security threats
and disruptions; changes or delays in customer budgets, funding or programs;
cost and availability of raw materials such as steel, component parts, natural
gas or utilities; failure to adequately insure or to identify environmental or
other insurable risks; revised contract prices or estimates of major contract
costs; risks of foreign operations; currency exchange rates; war, terrorism,
or political uncertainty; unanticipated or uninsured disasters, losses or
business risks; inaccurate data about markets, customers or business
conditions; or unknown risks and uncertainties. There can be no assurance that
our expectations, projections or views expressed in any forward-looking
statements will come to pass, and undue reliance should not be placed on these
forward-looking statements. We undertake no obligation to update these
statements, except as required by law.


Sypris Solutions, Inc.
Brian A. Lutes, 502-329-2000
Vice President & Chief Financial Officer
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