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<SEC-DOCUMENT>0001157523-08-004737.txt : 20080602
<SEC-HEADER>0001157523-08-004737.hdr.sgml : 20080602
<ACCEPTANCE-DATETIME>20080602172845
ACCESSION NUMBER:		0001157523-08-004737
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080602
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080602
DATE AS OF CHANGE:		20080602

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SYPRIS SOLUTIONS INC
		CENTRAL INDEX KEY:			0000864240
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823]
		IRS NUMBER:				611321992
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24020
		FILM NUMBER:		08874961

	BUSINESS ADDRESS:	
		STREET 1:		101 BULLITT LN
		STREET 2:		STE 450
		CITY:			LOUISVILLE
		STATE:			KY
		ZIP:			40222
		BUSINESS PHONE:		5023292000

	MAIL ADDRESS:	
		STREET 1:		101 BULLITT LN
		STREET 2:		STE 450
		CITY:			LOUISVILLE
		STATE:			KY
		ZIP:			40222

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GROUP TECHNOLOGIES CORP
		DATE OF NAME CHANGE:	19940314
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a5699641.htm
<DESCRIPTION>SYPRIS SOLUTIONS, INC. 8-K
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2008 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 10pt; font-family: Times New Roman">
    <p style="text-align: center">
      <b><font style="font-size: 18pt; font-family: Times New Roman">UNITED
      STATES</font><font style="font-size: 18pt; font-family: Times New Roman"><br style="font-size: 18pt; font-family: Times New Roman"></font><font style="font-size: 18pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><b><font style="font-size: 12pt; font-family: Times New Roman">Washington,
      D.C. 20549</font></b><br><b><font style="font-family: Times New Roman">______________</font></b><br>
    </p>
    <p style="text-align: center">
      <b><font style="font-size: 18pt; font-family: Times New Roman">FORM 8-K</font></b><br><br><b><font style="font-size: 12pt; font-family: Times New Roman">CURRENT
      REPORT</font></b><br><br><b><font style="font-size: 12pt; font-family: Times New Roman">Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></b><br><br><b><font style="font-size: 10pt; font-family: Times New Roman">Date
      of Report (Date of earliest event reported): June 2, 2008</font></b><br><b><font style="font-family: Times New Roman">______________</font></b><br>
    </p>
    <p style="text-align: center">
      <b><font style="font-size: 18pt; font-family: Times New Roman">Sypris
      Solutions, Inc.</font></b><br><b><font style="font-size: 10pt; font-family: Times New Roman">(Exact
      name of registrant as specified in its charter)</font></b><br><br>
    </p>
    <table style="font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td valign="bottom" style="text-align: center; width: 33%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td valign="bottom" style="text-align: center; white-space: nowrap; padding-right: 0.0px; width: 34%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>0-24020</b>
          </p>
        </td>
        <td valign="bottom" style="text-align: center; white-space: nowrap; padding-right: 0.0px; width: 33%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>61-1321992</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: center; width: 33%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(State or Other Jurisdiction</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>of Incorporation)</b>
          </p>
        </td>
        <td valign="bottom" style="text-align: center; width: 34%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(Commission</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>File Number)</b>
          </p>
        </td>
        <td valign="bottom" style="text-align: center; width: 33%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(I.R.S. Employer</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Identification No.)</b>
          </p>
        </td>
      </tr>
    </table>
    <table style="font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td valign="bottom" style="text-align: center; width: 33%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>101 Bullitt Lane, Suite 450</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Louisville, Kentucky</b>
          </p>
        </td>
        <td style="width: 34%">
          &#160;
        </td>
        <td valign="bottom" style="text-align: center; white-space: nowrap; padding-right: 0.0px; width: 33%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>40222</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: center; width: 33%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(Address of Principal </b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Executive Offices)</b>
          </p>
        </td>
        <td style="width: 34%">

        </td>
        <td valign="top" style="text-align: center; width: 33%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(Zip Code)</b>
          </p>
        </td>
      </tr>
    </table>
    <p style="text-align: center; white-space: nowrap">
      <b><font style="font-size: 10pt; font-family: Times New Roman">Registrant&#8217;s
      telephone number, including area code: (502) 329-2000</font> </b>
    </p>
    <hr style="color: #000000; text-align: center; height: 2.0 pt; width: 100%">


    <p>

    </p>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <b><font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font></b>
    </p>
    <p>
      <b><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font></b>
    </p>
    <p>
      <b><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font></b>
    </p>
    <p>
      <b><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font></b>
    </p>
    <p>
      <b><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font></b>
    </p>
    <div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <table style="font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td valign="top" style="text-align: left; width: 15%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Item 7.01</b>
          </p>
        </td>
        <td valign="top" style="text-align: left; width: 85%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Regulation FD Disclosure.</b>
          </p>
        </td>
      </tr>
    </table>
    <table style="font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td valign="top" style="text-align: left; width: 15%; padding-left: 0.0px">
          &#160;
        </td>
        <td valign="top" style="text-align: left; width: 85%; padding-left: 0.0px">
          On June 2, 2008, the Company announced that the Federal Aviation
          Administration (FAA)
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; width: 15%; padding-left: 0.0px">

        </td>
        <td valign="top" style="text-align: left; width: 85%; padding-left: 0.0px">
          has awarded Sypris Test &amp; Measurement, Inc., a wholly-owned
          subsidiary of Sypris
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; width: 15%; padding-left: 0.0px">

        </td>
        <td valign="top" style="text-align: left; width: 85%; padding-left: 0.0px">
          Solutions, a new multi-year contract that provides for on-site
          calibration repair services of
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; width: 15%; padding-left: 0.0px">

        </td>
        <td valign="top" style="text-align: left; width: 85%; padding-left: 0.0px">
          various FAA owned test, measurement and diagnostic equipment (TMDE),
          located at an
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; width: 15%; padding-left: 0.0px">

        </td>
        <td valign="top" style="text-align: left; width: 85%; padding-left: 0.0px">
          estimated 1,350 facilities throughout the continental United States,
          Alaska, Hawaii, South
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; width: 15%; padding-left: 0.0px">

        </td>
        <td valign="top" style="text-align: left; width: 85%; padding-left: 0.0px">
          Pacific and the Caribbean. This equipment is used to maintain
          operational capability of the
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; width: 15%; padding-left: 0.0px">

        </td>
        <td valign="top" style="text-align: left; width: 85%; padding-left: 0.0px">
          National Air Space System (NAS), and is critical to ensure a high
          level of safety for all air
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; width: 15%; padding-left: 0.0px">

        </td>
        <td valign="top" style="text-align: left; width: 85%; padding-left: 0.0px">
          travel. The contract value, including all option years, exceeds $32
          million. The full text of
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; width: 15%; padding-left: 0.0px">

        </td>
        <td valign="top" style="text-align: left; width: 85%; padding-left: 0.0px">
          the press release is set forth in Exhibit 99 hereto.
        </td>
      </tr>
      <tr>
        <td style="width: 15%">

        </td>
        <td style="width: 85%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; width: 15%; padding-left: 0.0px">

        </td>
        <td valign="top" style="text-align: left; width: 85%; padding-left: 0.0px">
          The information in this Form 8-K and the attached Exhibit is being
          furnished pursuant to
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; width: 15%; padding-left: 0.0px">

        </td>
        <td valign="top" style="text-align: left; width: 85%; padding-left: 0.0px">
          Item 7.01 &#8220;Regulation FD Disclosure&#8221; and shall not be deemed &#8220;filed&#8221;
          for purposes of
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; width: 15%; padding-left: 0.0px">

        </td>
        <td valign="top" style="text-align: left; width: 85%; padding-left: 0.0px">
          Section 18 of the Securities Exchange Act of 1934 or otherwise
          subject to the liabilities of
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; width: 15%; padding-left: 0.0px">

        </td>
        <td valign="top" style="text-align: left; width: 85%; padding-left: 0.0px">
          that section, nor shall it be deemed incorporated by reference in
          any filing under the
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; width: 15%; padding-left: 0.0px">

        </td>
        <td valign="top" style="text-align: left; width: 85%; padding-left: 0.0px">
          Securities Act of 1933, except as shall be expressly set forth by
          specific reference in such
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; width: 15%; padding-left: 0.0px">

        </td>
        <td valign="top" style="text-align: left; width: 85%; padding-left: 0.0px">
          filing.
        </td>
      </tr>
    </table>
    <p>

    </p>
    <p style="text-align: center">
      <b><font style="font-size: 10pt; font-family: Times New Roman">Section 9
      &#8211; Financial Statements and Exhibits</font></b>
    </p>
    <p>

    </p>
    <table style="font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td valign="top" style="text-align: left; width: 15%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Item 9.01</b>
          </p>
        </td>
        <td valign="top" style="text-align: left; width: 85%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Financial Statements and Exhibits.</b>
          </p>
        </td>
      </tr>
    </table>
    <table style="font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td valign="top" style="text-align: left; width: 8%; padding-left: 0.0px">
          (d)
        </td>
        <td valign="top" style="text-align: left; width: 25%; padding-left: 0.0px">
          Exhibits.
        </td>
        <td style="width: 67%">

        </td>
      </tr>
      <tr>
        <td style="width: 8%">

        </td>
        <td style="width: 25%">

        </td>
        <td style="width: 67%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; width: 8%; padding-left: 0.0px">

        </td>
        <td valign="top" style="text-align: left; width: 25%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Exhibit Number</u>
          </p>
        </td>
        <td valign="top" style="text-align: left; width: 67%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Description of Exhibit</u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; width: 8%; padding-left: 0.0px">

        </td>
        <td valign="top" style="text-align: left; white-space: nowrap; padding-right: 0.0px; width: 25%; padding-left: 0.0px">
          99
        </td>
        <td valign="top" style="text-align: left; width: 67%; padding-left: 0.0px">
          Press release issued June 2, 2008.
        </td>
      </tr>
    </table>
    <p>

    </p>
    <div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <b><font style="font-size: 10pt; font-family: Times New Roman">SIGNATURES</font></b>
    </p>
    <p style="text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized. </font>
    </p>
    <p style="text-indent: 30.0px">

    </p>
    <table style="font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td valign="top" style="text-align: left; width: 6%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Dated:
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            June 2, 2008
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Sypris Solutions, Inc.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td colspan="2">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-bottom: 2.0px; width: 6%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-bottom: 2.0px; width: 43%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 1%">

        </td>
        <td valign="top" style="text-align: left; padding-bottom: 2.0px; width: 4%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            By:
          </p>
        </td>
        <td valign="top" style="text-align: left; width: 46%; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;/s/ Anthony C. Allen
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td colspan="2">

        </td>
        <td style="width: 4%">

        </td>
        <td valign="top" style="text-align: left; width: 46%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Anthony C. Allen
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td colspan="2">

        </td>
        <td style="width: 4%">

        </td>
        <td valign="top" style="text-align: left; width: 46%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Vice President, Treasurer &amp; Assistant Secretary
          </p>
        </td>
      </tr>
    </table>
    <p>

    </p>
    <div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <b><font style="font-size: 10pt; font-family: Times New Roman">INDEX TO
      EXHIBITS</font></b>
    </p>
    <table style="font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td valign="top" style="text-align: center; width: 12%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Exhibit<br><u>Number</u>
          </p>
        </td>
        <td valign="bottom" style="text-align: center; width: 88%; padding-left: 0.0px">
          <u>Description</u>
        </td>
      </tr>
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        <td valign="top" style="text-align: center; white-space: nowrap; padding-right: 0.0px; width: 12%; padding-left: 0.0px">
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            99
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            Registrant&#8217;s press release dated June 2, 2008.
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<TYPE>EX-99
<SEQUENCE>2
<FILENAME>a5699641_ex99.htm
<DESCRIPTION>EXHIBIT 99
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      <b>Exhibit 99</b>
    </p>
    <p style="text-align: center">
      <b><font style="font-size: 12pt; font-family: Times New Roman">FAA
      Selects Sypris for Follow-On Contract</font></b>
    </p>
    <p style="text-align: center">
      <b><font style="font-size: 12pt; font-family: Times New Roman">Covers
      Equipment at 1,350 Facilities in US, Caribbean and South Pacific</font></b>
    </p>
    <p>
      LOUISVILLE, Ky.--(BUSINESS WIRE)--Sypris Solutions, Inc.
      (Nasdaq/NM:SYPR) today announced that the Federal Aviation
      Administration (FAA) has awarded Sypris Test &amp; Measurement, Inc., a
      wholly-owned subsidiary of Sypris Solutions, a new multi-year contract
      that provides for on-site calibration repair services of various FAA
      owned test, measurement and diagnostic equipment (TMDE), located at an
      estimated 1,350 facilities throughout the continental United States,
      Alaska, Hawaii, South Pacific and the Caribbean. This equipment is used
      to maintain operational capability of the National Air Space System
      (NAS), and is critical to ensure a high level of safety for all air
      travel. The contract value, including all option years, exceeds $32
      million.
    </p>
    <p>
      Commenting on the announcement, Jeffrey T. Gill, President &amp; CEO said,
      &#8220;We are pleased to continue to be entrusted with this important
      assignment by the FAA. We will continue to dedicate our resources to and
      work closely with the FAA to maintain the quality and dependability of
      this mission critical equipment.&#8221;
    </p>
    <p>
      Kathy Smith Boyd, President of Sypris Test &amp; Measurement, added, &#8220;Sypris
      is uniquely qualified to provide this service on-site for all locations
      within the NAS infrastructure. We are dedicated to maximizing
      availability of TMDE used by thousands of technicians daily on FAA
      systems. Our efforts help ensure technicians can meet projected demands,
      contribute to decreased FAA system outages, and ultimately contribute to
      efficiency, reliability, maintainability and operability that results in
      increased airspace capacity and safety.&#8221;
    </p>
    <p>
      Sypris Solutions is a diversified provider of technology-based
      outsourced services and specialty products. The Company performs a wide
      range of manufacturing and technical services, typically under
      multi-year, sole-source contracts with major corporations and government
      agencies in the markets for aerospace and defense electronics, truck
      components and assemblies, and for users of test and measurement
      equipment. For more information about Sypris Solutions, visit its Web
      site at <u>www.sypris.com</u>.
    </p>
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    <p>
      <i><b>Each &#8220;forward-looking statement&#8221; herein is subject to serious
      risks and should not be relied upon, as detailed in our most recent Form
      10-K and Form 10-Q and subsequent SEC filings. </b>Briefly, we currently
      believe that such risks also include: the FAA&#8217;s failure to exercise its
      right to renew the contract for additional option years; our ability to
      liquidate our unsecured claims against, and/or equity interests in Dana
      Holding Corporation at satisfactory valuation levels<sup>1</sup>; costs
      and inefficiencies of restructuring our manufacturing capacity;
      breakdowns, relocations or major repairs of machinery and equipment; our
      inability to successfully launch new or next generation programs;
      impairments, non-recoverability or write-offs of goodwill, assets or
      deferred costs; the cost, 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; cost and availability of raw materials such as steel,
      component parts, natural gas or utilities; volatility of our customers&#8217;
      forecasts, financial conditions, market shares, product requirements or
      scheduling demands; cyclical or other downturns; adverse impacts of new
      technologies or other competitive pressures which increase our costs or
      erode our margins; failure to adequately insure or to identify
      environmental or other insurable risks; inventory valuation risks
      including obsolescence, shrinkage, theft, overstocking or underbilling;
      changes in government or other customer programs; reliance on major
      customers or suppliers, especially in the automotive or aerospace and
      defense electronics sectors; revised contract prices or estimates of
      major contract costs; dependence on, recruitment or retention of key
      employees; union negotiations; pension valuation, health care or other
      benefit costs; labor relations; strikes; risks of foreign operations;
      currency exchange rates; the costs and supply of debt, equity capital,
      or insurance; changes in licenses, security clearances, or other legal
      rights to operate, manage our work force or import and export as needed;
      weaknesses in internal controls; the costs of compliance with our
      auditing, regulatory or contractual obligations; regulatory actions or
      sanctions; disputes or litigation, involving customer, supplier,
      creditor, stockholder, product liability, asbestos-related or
      environmental claims including potential, pre-existing product liability
      and unknown warranty claims that were preserved in our settlement
      agreement with Dana; 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.</i>
    </p>
    <p>
      <sup>1</sup> <i>We have estimated and recorded our $89.9 million claim
      against Dana at approximately 85% of its face value or $76.4 million,
      which represents our right to receive certain distributions of cash and
      common stock in Dana Holding Corporation (NYSE:DAN), including initial
      distributions of approximately $6.3 million in cash and 3.1 million
      shares. Due to market conditions and certain other factors, we believe
      that the recent trading prices of DAN common stock do not reflect its
      longer-term value.</i> <i>However, if we sell these shares at such
      prices or such prices otherwise reflect a decline in value which is
      deemed to be &#8220;other than temporary,&#8221; our business, results of operations
      and financial condition could be materially adversely impacted.</i>
    </p>
    <p>
      CONTACT:<br><b>Sypris Solutions, Inc.</b><br><b>Anthony C. Allen,
      502-329-2000</b><br><b>Vice President, Treasurer &amp; Assistant Secretary</b>
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