<SEC-DOCUMENT>0001157523-12-003606.txt : 20120712
<SEC-HEADER>0001157523-12-003606.hdr.sgml : 20120712
<ACCEPTANCE-DATETIME>20120712101803
ACCESSION NUMBER:		0001157523-12-003606
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20120711
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20120712
DATE AS OF CHANGE:		20120712

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:		12958725

	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>a50339259.htm
<DESCRIPTION>SYPRIS SOLUTIONS, INC. 8-K
<TEXT>
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    <title></title>
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      <font style="font-size: 12pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><b><font style="font-size: 12pt; font-family: Times New Roman"><br style="font-size: 12pt; font-family: Times New Roman"></font><font style="font-size: 12pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></b><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-size: 12pt; font-family: Times New Roman"><b>Washington,
      D.C. 20549</b></font><br><br><font style="font-family: Times New Roman"><b>______________</b></font><br><br><font style="font-size: 16pt; font-family: Times New Roman"><b>FORM
      8-K</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>Date
      of Report (Date of earliest event reported): &#160;&#160;July 11, 2012</b></font><br><br><font style="font-family: Times New Roman"><b>______________</b></font><br><br><font style="font-size: 18pt; font-family: Times New Roman"><b>Sypris
      Solutions, Inc.</b></font><br><font style="font-size: 10pt; font-family: Times New Roman"><b>(Exact
      name of registrant as specified in its charter)</b></font><br><br>
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px">
      <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="padding-right: 0.0px; text-align: center; width: 34%; padding-left: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>0-24020</b>
          </p>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: center; width: 33%; padding-left: 0.0px; white-space: nowrap">
          <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>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px">
      <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="padding-right: 0.0px; text-align: center; width: 33%; padding-left: 0.0px; white-space: nowrap">
          <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>
    </div>
    <p style="text-align: center; white-space: nowrap">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>Registrant&#8217;s
      telephone number, including area code: (502) 329-2000</b></font><b> </b>
    </p>
    <hr style="text-align: center; height: 2.0 pt; width: 100%; color: #000000">
    <hr style="text-align: center; height: 2.0 pt; width: 100%; color: #D3D3D3">


    <p style="text-align: center">
      <br>
      <br>
      <br>
      <br>
      <br>
      <br>
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman"><b>Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the</b></font><br><font style="font-size: 10pt; font-family: Times New Roman"><b>filing
      obligation of the registrant under any of the following provisions:</b></font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS"><b>&#8414;</b></font><b>
      <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>
      <font style="font-size: 10pt; font-family: Arial Unicode MS"><b>&#8414;</b></font><b>
      <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>
      <font style="font-size: 10pt; font-family: Arial Unicode MS"><b>&#8414;</b></font><b>
      <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>
      <font style="font-size: 10pt; font-family: Arial Unicode MS"><b>&#8414;</b></font><b>
      <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="width: 100%; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt">
      <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="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px">
      <tr>
        <td valign="top" style="width: 11%; padding-left: 0.0px">
          <b>Item 5.02</b>
        </td>
        <td valign="top" style="width: 89%; padding-left: 0.0px">
          <b>Departure of Directors or Certain Officers; Election of
          Directors; Appointment of Certain Officers; Compensatory
          Arrangements of Certain Officers.</b>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>

    </p>
    <p style="text-align: justify">
      On July 11, 2012, the board of directors of Sypris Solutions, Inc. (the
      &#8220;Company&#8221;) elected Robert F. Lentz, age 59, as a Class II member of the
      Company&#8217;s board of directors.
    </p>
    <p>

    </p>
    <p>
      From approximately June 2009 until March 2012, Mr. Lentz served as a
      consultant and member of the Senior Advisory Board for the Company&#8217;s
      subsidiary Sypris Electronics, LLC (&#8220;Sypris Electronics&#8221;). In this
      capacity Mr. Lentz provided strategic guidance relating to new and
      emerging technologies in the cyber security marketplace, and he was
      particularly valuable in facilitating introductions to potential
      partners in the cyber security marketplace. In anticipation of a
      directorship with the Company, Mr. Lentz has also agreed to terminate
      any separate compensation for services rendered to Sypris Electronics.
      The Company anticipates that, in his new role as a director of the
      Company, Mr. Lentz will continue to provide strategic guidance to the
      Company with his extensive knowledge and first-hand experience with many
      of the companies that make up the cyber security marketplace.&#160;&#160;
    </p>
    <p>

    </p>
    <p>
      Since January 1, 2011 Mr. Lentz has received approximately $176,250 for
      Senior Advisory Board membership and consulting services and $6,722 for
      expenses including meals, airfare and transportation from Sypris
      Electronics. The Company has determined that, due to his prior
      compensation arrangement with Sypris Electronics, Mr. Lentz will be a
      non-independent director for the present time.
    </p>
    <p>

    </p>
    <p style="text-align: justify">
      There are no arrangements or understandings pursuant to which Mr. Lentz
      was selected as a director of the Company.
    </p>
    <p>

    </p>
    <p style="text-align: justify">
      Mr. Lentz will be compensated in accordance with the Sypris Solutions,
      Inc. Directors Compensation Program on the same basis as each of the
      other non-employee directors.
    </p>
    <p>

    </p>
    <p>
      From October 2009 to the present, Mr. Lentz has served as President of
      Cyber Security Strategies, LLC, a global cyber security consulting
      company. From November 2007 to October 2009, Mr. Lentz served as Deputy
      Assistant Secretary of Defense for Cyber, Identity and Information
      Assurance in the Department of Defense (&#8220;DoD&#8221;). From November 2000 to
      October 2009, he served as the Chief Information Security Officer for
      the DoD. Among his many other responsibilities, Mr. Lentz served as the
      Chairman of the National Space INFOSEC Steering Council, principal DoD
      member of the Presidential Sub-Committee on National Security Systems,
      leader of the DoD IA Steering Council, and the IA Domain Owner of the
      Global Information Grid&#160;&#160;Enterprise Information Environment&#160;&#160;Mission
      Area. In his capacity as the Chief Information Security Officer, Mr.
      Lentz was a member of the DoD CIO Executive Council. He also served as
      the DoD liaison to several private sector boards, including the Center
      for Internet Security Strategic Advisory Council, the Common
      Vulnerabilities &amp; Exposures Senior Advisory Council, the International
      Cyber Center Advisory Board and SAFEcode. Mr. Lentz began his career
      with the National Security Agency in 1975.
    </p>
    <p>

    </p>
    <p>
      A copy of the press release announcing Mr. Lentz&#8217;s election is attached
      as Exhibit 99 to this Form 8-K and is incorporated by reference herein.
    </p>
    <p style="white-space: nowrap">
      <b>Item 9.01&#160;&#160;&#160;&#160;&#160;Financial Statements and Exhibits.</b>
    </p>
    <p>

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px">
      <tr>
        <td valign="top" style="text-align: left; width: 8%; padding-left: 0.0px">
          (d)
        </td>
        <td valign="top" style="text-align: left; width: 29%; padding-left: 0.0px">
          Exhibits.
        </td>
        <td style="width: 63%">

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

        </td>
        <td style="width: 29%">

        </td>
        <td style="width: 63%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 8%">

        </td>
        <td valign="top" style="text-align: left; width: 29%; 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: 63%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Description of Exhibit</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 8%">

        </td>
        <td valign="top" style="padding-right: 0.0px; text-align: left; width: 29%; padding-left: 0.0px; white-space: nowrap">
          99
        </td>
        <td valign="top" style="text-align: left; width: 63%; padding-left: 0.0px">
          Press release issued July 12, 2012.
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt">
      <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="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font>
    </p>
    <p>
      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.<br>
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px">
      <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; width: 44%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            July 12, 2012
          </p>
        </td>
        <td valign="top" colspan="2" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Sypris Solutions, Inc.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td valign="top" colspan="2" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; text-align: left; width: 6%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="padding-bottom: 2.0px; text-align: left; width: 44%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="padding-bottom: 2.0px; text-align: left; width: 5%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            By:
          </p>
        </td>
        <td valign="top" style="text-align: left; border-bottom: solid black 1.0pt; width: 45%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ John R. McGeeney
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="width: 5%">

        </td>
        <td valign="top" style="text-align: left; width: 45%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            John R. McGeeney
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="width: 5%">

        </td>
        <td valign="top" style="text-align: left; width: 45%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            General Counsel and Secretary
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="width: 100%; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt">
      <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="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
    <p style="text-align: center">
      <b>INDEX TO EXHIBITS</b>
    </p>
    <p>

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px">
      <tr>
        <td valign="top" style="text-align: center; width: 16%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Exhibit</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Number</b></u>
          </p>
        </td>
        <td valign="bottom" style="text-align: center; width: 84%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Description</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 16%">

        </td>
        <td valign="top" style="text-align: left; width: 84%; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-right: 0.0px; text-align: center; width: 16%; padding-left: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            99
          </p>
        </td>
        <td valign="top" style="text-align: center; width: 84%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Press release issued July 12, 2012.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>a50339259ex_99.htm
<DESCRIPTION>EXHIBIT 99
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2012 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 8pt; font-family: Times New Roman">
    <p style="text-align: right">
      <b>Exhibit 99</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Sypris
      Elects Robert F. Lentz to Its Board of Directors</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Former
      Deputy Assistant Secretary of Defense</b></font>
    </p>
    <p>
      LOUISVILLE, Ky.--(BUSINESS WIRE)--July 12, 2012--Sypris Solutions, Inc.
      (Nasdaq/NM: SYPR) announced today that effective July 11, 2012 it has
      elected Robert F. Lentz to join its Board of Directors as a Class II
      director.
    </p>
    <p>
      Since October 2009, Mr. Lentz has served as President of Cyber Security
      Strategies, LLC, a global cyber security consulting company. From
      November 2007 to October 2009, Mr. Lentz served as Deputy Assistant
      Secretary of Defense for Cyber, Identity and Information Assurance in
      the Department of Defense (DoD). From November 2000 to October 2009, he
      served as the Chief Information Security Officer for the DoD. Among his
      many other responsibilities, Mr. Lentz served as the Chairman of the
      National Space INFOSEC Steering Council, principal DoD member of the
      Presidential Sub-Committee on National Security Systems, leader of the
      DoD IA Steering Council, and the IA Domain Owner of the Global
      Information Grid Enterprise Information Environment Mission Area. In his
      capacity as the Chief Information Security Officer, Mr. Lentz was a
      member of the DoD CIO Executive Council. He also served as the DoD
      liaison to several private sector boards, including the Center for
      Internet Security Strategic Advisory Council, the Common Vulnerabilities
      &amp; Exposures Senior Advisory Council, the International Cyber Center
      Advisory Board and SAFEcode. Mr. Lentz began his career with the
      National Security Agency in 1975.
    </p>
    <p>
      Commenting on the announcement, Jeffrey T. Gill, president and chief
      executive officer of Sypris Solutions, said, &quot;We are pleased to have Bob
      join our board. His highly-regarded track record as Deputy Assistant
      Secretary of Defense and his years as the Chief Information Security
      Officer for the Department of Defense are expected to be invaluable
      resources to Sypris as we continue to develop solutions to protect our
      nation&#8217;s critical infrastructure from cyber security threats.&quot;
    </p>
    <p>
      Mr. Lentz is a graduate of the National Senior Cryptologic Course, the
      Federal Executive Institute, the Harvard Business School in Strategy
      Planning and the Resource Management Course at the Naval Postgraduate
      School. He earned a Bachelor&#8217;s Degree with a double major in History and
      Social Science from Saint Mary's College of Maryland and a Master&#8217;s
      Degree in National Security Strategy from the National War College.
    </p>
    <p>
      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 principally in the markets for industrial manufacturing and
      aerospace and defense electronics. 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: 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; dependence on, recruitment or retention of key employees;
      reliance on major customers or suppliers, especially in the automotive
      or aerospace and defense electronics sectors; U.S. government spending
      on products and services that our Electronics Group provides, including
      the timing of budgetary decisions; our ability to develop new products
      and programs within the Electronics Group especially in new market
      segments and technologies; cyber security threats and disruptions;
      potential impairments, non-recoverability or write-offs of goodwill,
      assets or deferred costs, including capitalized pre-contract costs
      related to the development of a replacement for certain aerospace and
      defense products; potential liabilities associated with discontinued
      operations, including post-closing indemnifications or claims related to
      business or asset dispositions; inventory valuation risks including
      obsolescence, shrinkage, theft, overstocking or underbilling; our
      inability to successfully launch or sustain new or next generation
      programs or product features, especially in accordance with budgets or
      committed delivery schedules; the costs of compliance with our auditing,
      regulatory or contractual obligations; regulatory actions or sanctions
      (in each case including FCPA, OSHA and Federal Acquisition Regulations,
      among others); breakdowns, relocations or major repairs of machinery and
      equipment; pension valuation, health care or other benefit costs; labor
      relations; strikes; union negotiations; changes in licenses, security
      clearances, or other legal rights to operate, manage our work force or
      import and export as needed; changes or delays in government or other
      customer budgets, funding or programs; potential weaknesses in internal
      controls over financial reporting and enterprise risk management; 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;
      disputes or litigation, involving customer, supplier, lessor, landlord,
      creditor, stockholder, product liability or environmental claims; the
      costs and supply of debt, equity capital, or insurance; fees, costs or
      other dilutive effects of refinancing, compliance with covenants; 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; 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;
      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.</i>
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    <p>
      CONTACT:<br><b>Sypris Solutions, Inc.</b><br><b>Brian A. Lutes,
      502-329-2000</b><br><b>Vice President &amp; Chief Financial Officer</b>
    </p>
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