SYPRIS SOLUTIONS INC
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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FY2023 · Filed Apr 1, 2024
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Item 2. Properties
Our principal manufacturing operations are engaged in electronics manufacturing for our aerospace and defense customers and industrial manufacturing for our truck components and assemblies and oil and gas pipeline component customers. The following chart indicates the significant facilities that we own or lease, the location and size of each such facility and the manufacturing certifications that each facility possesses. The facilities listed below (other than the corporate office) are used principally as manufacturing facilities.
| Location | Segment (Market Served) | Own or Lease (Expiration) | Approximate Square Feet | Certifications |
|---|---|---|---|---|
| Corporate Office: | ||||
| Louisville, Kentucky | Lease (2024) | 13,800 | ||
| Manufacturing Facilities: | ||||
| Louisville, Kentucky | Sypris Technologies (Oil & Gas Pipeline Components) | Own | 57,000 | ISO 9001 ASME Certified |
| Tampa, Florida | Sypris Electronics (Aerospace & Defense Electronics) | Lease (2027) | 50,000 | ISO 9001 AS 9100 NASA-STD-8739 IPC-A-610, Class 3 J-STD-001, Class 3 NADCAP accredited |
| Toluca, Mexico | Sypris Technologies (Truck Components and Oil & Gas Pipeline Components) | Lease (2026) | 215,000 | ISO 14001 TS 16949 ASME Certified Clean Industry Certified PED Certified |
Below is a listing and description of the various manufacturing certifications or specifications that we utilize at various of our facilities.
| Certification/Specification | Description |
|---|---|
| AS 9100 | A quality management system developed by the aerospace industry to measure supplier conformance with basic common acceptable aerospace quality requirements. |
| ASME Certified | Performance criteria determined by the American Society of Mechanical Engineers. |
| Clean Industry Certified | Mexican Environmental Protection Agency sponsored voluntary regulatory program for pollution control. |
| PED Certified | The Pressure Equipment Directive (PED) is a product directive issued by the European Community that sets the standards for the design, fabrication, installation, and use of pressure equipment. |
| IPC-A-610 | A certification process for electronics assembly manufacturing which describes materials, methods and verification criteria for producing high quality electronic products. Class 3 specifically includes high performance or performance-on-demand products where equipment downtime cannot be tolerated, end-use environment may be uncommonly harsh, and the equipment must function when required. |
| J-STD-001 | A family of voluntary standards of industry-accepted workmanship criteria for electronic assemblies. |
| ISO 14001 | A set of standards and procedures relating to environmental compliance management. |
| Certification/Specification | Description |
|---|---|
| ISO 9001 | A certification process comprised of quality system requirements to ensure quality in the areas of design, development, production, installation and servicing of products. |
| NADCAP accredited | The National Aerospace and Defense Contractors Accreditation Program is a global cooperative accreditation program for aerospace engineering, defense and related industries. |
| NASA-STD-8739 | A specification for space programs designated by the National Aeronautics and Space Administration. |
| TS 16949 | A quality certification system developed within the automotive sector. Using ISO 9001:2000 as its foundation, ISO/TS 16949:2002 specifies the quality management system (QMS) requirements for the design, development, production, installation and servicing of automotive related products. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.