July 17, 2018 Uniroyal Engineered Products Achieves IATF 16949:2016 Certification
SARASOTA, FL – July 17, 2018 – Uniroyal Global Engineered Products, Inc. (OTCQB: UNIR), a leading global provider of vinyl-coated fabrics and soft trim technologies serving the automotive, recreational, industrial, contract, hospitality and healthcare markets, announced today its subsidiary, Uniroyal Engineered Products, LLC has achieved IATF 16949:2016 certification, the highest international quality standard for the automotive industry. The certification covers the company’s Stoughton, Wisconsin plant, R&D lab and test facility. The company’s Stoughton facility also holds the ISO 9001:2015 certification.
“The IATF certification is a significant milestone for our company and demonstrates our commitment to manufacturing high-quality, innovative, best-in-class products for our automotive customers. It is a major accomplishment for the entire Uniroyal Global team and solidifies our position as a world-class supplier within the automotive industry,” said Uniroyal President, Howard F. Curd.
“This certification builds momentum at a key time for us as we pursue additional opportunities to expand our automotive business in North America. In addition to earning this new automotive quality certification, Uniroyal Global will be opening a sales and design center in Detroit this summer and exhibiting at the U.S. Automotive Interiors Expo in October,” added Larry Bressler, EVP & General Manager.
About Uniroyal Global Engineered Products, Inc.:
Uniroyal Global Engineered Products, Inc. (UNIR) is a leading manufacturer of vinyl coated fabrics that are durable, stain resistant, cost-effective alternatives to leather, cloth andother synthetic fabric coverings. Uniroyal Global Engineered Products, Inc.’s revenue in 2017 was derived 67.5% from the automotive industry and approximately 32.5% from the recreational, industrial, indoor and outdoor furnishings, hospitality and healthcaremarkets. Our primary brand names include Naugahyde®, BeautyGard®, Flameblocker™, Spirit Millennium®, Ambla®, Amblon®, Velbex®, Cirroflex®, Plastolene® and Vynide®.
Except for statements of historical fact, certain information contained in this press release constitutes forward-looking statements, including, without limitation, statements containing the words “believe,” “expect,” “anticipate,” “intend,” “should,” “planned,” “estimated” and “potential” and words of similar import, as well as all references to the future. These forward-looking statements are based on Uniroyal Global Engineered Products, Inc.’s current expectations. The Company cautions investors that any forward-looking statements made by the Company are not guarantees of future performance and that a variety of factors could cause the Company´s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company´s forward-looking statements. The risks and uncertainties which may affect the operations, performance, development and results of the Company´s business include, but are not limited to, the following: uncertainties relating to economic conditions, uncertainties relating to customer plans and commitments, the pricing and availability of equipment, materials and inventories, currency fluctuations, technological developments, performance issues with suppliers, economic growth, delays in testing of new products, the Company’s ability to successfully integrate acquired operations, the Company’s dependence on key personnel, the Company’s ability to protect its intellectual property rights, the effectiveness of cost-reduction plans, rapid technology changes and the highly competitive environment in which the Company operates. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.
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