Hayes Lemmerz Receives 2005 PACE Award Honorable Mention for Flex(TM) Wheel
22 October 2004 - 3:11AM
PR Newswire (US)
Hayes Lemmerz Receives 2005 PACE Award Honorable Mention for
Flex(TM) Wheel NORTHVILLE, Mich., Oct. 21 /PRNewswire-FirstCall/ --
Hayes Lemmerz International, Inc. (NASDAQ:HAYZ) announced today
that it has earned an honorable mention in the 2005 Automotive News
PACE (Premier Automotive Suppliers' Contributions to Excellence)
Award Competition for its Flex(TM) Wheel. The award, sponsored by
Automotive News and Cap Gemini Ernst & Young, LLP, recognizes
excellence and innovation in the automotive supply industry. Hayes
Lemmerz earned an honorable mention in the Product category which
recognizes innovations in new products or services or in new
product and service development and introduction processes that
have significant market impact and act as "game changers" in the
automotive industry. "We're pleased to receive a PACE Award," said
Curtis J. Clawson, President, CEO and Chairman of the Board. "The
introduction of the Flex(TM) Wheel is generating great interest
with our customers and represents a source of growth for the
Company, achieving premium styling on new vehicles without the high
cost of other solutions." Hayes Lemmerz' Flex(TM) Wheel is a
proprietary wheel design with large ventilation areas. In
combination with a variety of surface covers, the Flex Wheel
creates one design with multiple styling appearances that closely
resemble an aluminum wheel. Hayes Lemmerz International, Inc. is a
leading global supplier of automotive and commercial highway
wheels, brakes, powertrain, suspension, structural and other
lightweight components. The Company has 43 facilities and one joint
venture in 14 countries and approximately 11,000 employees
worldwide. This press release includes forward looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, as amended,
which represent the Company's expectations and beliefs concerning
future events that involve risks and uncertainties which could
cause actual results to differ materially from those currently
anticipated. All statements other than statements of historical
facts included in this release are forward looking statements.
Factors that could cause actual results to differ materially from
those expressed or implied in such forward looking statements
include the factors set forth in our periodic reports filed with
the SEC. Consequently, all of the forward looking statements made
in this press release are qualified by these and other factors,
risks, and uncertainties. DATASOURCE: Hayes Lemmerz International,
Inc. CONTACT: Marika P. Diamond of Hayes Lemmerz International,
Inc., +1-734-737-5162 Web site: http://www.hayes-lemmerz.com/
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