NOVI, Mich., Oct. 14, 2019 /PRNewswire/ -- Stoneridge, Inc.
(NYSE: SRI) has been named a finalist for the 2020 Automotive
News PACE Awards for its MirrorEye® Camera Monitor
System (CMS). The PACE Awards, now in their 26th year,
honor suppliers who exemplify innovation by developing
game-changing technologies and processes that have successfully
reached the market.
"This finalist nomination is a significant achievement for
Stoneridge and a testament to our continued focus on the future,"
said Jon DeGaynor, president and
chief executive officer. "At Stoneridge, we're working to
anticipate our customers' needs and challenges, and develop and
deliver systems-based solutions that customers may not have
expected. Our revolutionary MirrorEye platform is a great example
of this."
Stoneridge's MirrorEye system delivers a greater field of view,
blind spot elimination and improved fuel economy. It is the only
CMS to receive exemption from the Federal Motor Carrier Safety
Administration (FMCSA) to replace a truck's traditional mirrors
with integrated external digital cameras and digital monitors
inside the cab.
Stoneridge is one of 28 diverse supplier companies that have
been selected as a finalist. Winners are determined by an
independent panel of judges and will be announced at a ceremony on
March 23, 2020, in Detroit.
Further details on the Automotive News PACE Awards
program can be found at paceaward.com. To learn more about
Stoneridge and its products and solutions, please visit
Stoneridge.com.
About Stoneridge, Inc.
Stoneridge, Inc., headquartered in Novi,
Mich., 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.
Forward-Looking Statements
Statements in this press release that are not historical fact
are forward-looking statements which involve risks and
uncertainties that could cause actual events or results to differ
materially from those expressed or implied in this release. Things
that may cause actual results to differ materially from those in
the forward-looking statements include, among other factors, the
loss of a major customer; a significant volume change in
automotive, commercial vehicle, motorcycle, off-highway vehicle and
agricultural equipment production; disruption in the OEM supply
chain due to bankruptcies; a significant change in general economic
conditions in any of the various countries in which the Company
operates; labor disruptions at the Company's facilities or at any
of the Company's significant customers or suppliers; the ability of
the Company's suppliers to supply the Company with parts and
components at competitive prices on a timely basis; customer
acceptance of new products; the failure to achieve successful
integration of any acquired company or business; and the items
described in Part I, Item IA ("Risk Factors") of the Company's 2018
10-K filed with the SEC. The forward-looking statements contained
in this press release represent our estimates only as of the date
of this press release and should not be relied upon as representing
our estimates as of any subsequent date. While we may elect to
update these forward-looking statements at some point in the
future, we specifically disclaim any obligation to do so, whether
to reflect actual results, changes in assumptions, changes in other
factors affecting such forward-looking statements or
otherwise.
Contact:
Regan Grant
Director, Global Strategic Marketing and Communications
regan.grant@stoneridge.com
+1.248.829.2100
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SOURCE Stoneridge, Inc.