BREED Furthers Minority Business Development Program.LAKELAND, Fla.--(BUSINESS WIRE)--Sept. 16, 1998--BREED Technologies, Inc, (NYSE NYSE See: New York Stock Exchange :BDT BDT In currencies, this is the abbreviation for the Bangladesh Taka. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ), a global leader in the design, development and production of automotive occupant safety systems, recently signed a letter of intent with Thomas Madison Thomas Madison was an American Revolutionary War soldier originally from Fincastle County, Virginia and later moved to Ashtabula County, Ohio and first settler of the city of Genoa, Illinois, United States. Incorporated for the supply of metal stamping components and services to BREED's Knoxville, Tennessee “Knoxville” redirects here. For other uses, see Knoxville (disambiguation). Founded in 1786, Knoxville is the third-largest city in the state of Tennessee, behind Memphis and Nashville, and is the county seat of Knox CountyGR6. production facility. Thomas Madison is a highly respected minority-owned automotive supplier currently operating 4 facilities in Michigan and 4 facilities in Ohio. "This supply agreement represents a significant step in BREED's overall minority business development plan", said Greg Heald n. 1. A heddle. , BREED's Vice President , Global Procurement. "We expect the relationship between BREED and Thomas Madison to develop further and grow rapidly over the next several years." Thomas Madison plans to acquire a production facility in the Knoxville area to support the BREED business, as well as business from other customers. BREED will purchase a significant portion of its Knoxville requirements for stamped components and services from Thomas Madison. Headquartered in Lakeland, Fla., BREED is one of the world's most fully integrated suppliers of complete automotive occupant safety systems. The company supports its growing list of automotive customers with advanced engineering, testing and manufacturing facilities located in 13 countries around the globe. Information about BREED and its products is available on the Internet at http://www.breedtech.com. CONTACT: Media Relations Investor Relations Investor relations The process by which the corporation communicates with its investors. Gina McLean Timothy G. Weir (941) 668-6684 (941) 668-6464 |
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