Commercial Vehicle Group Introduces New Products at BICES Show in Beijing
September 24, 2007 at 17:26 PM EDT
NEW ALBANY, Ohio, Sept. 24 /PRNewswire-FirstCall/ -- Commercial Vehicle Group, Inc. (NASDAQ:CVGI) announced today that it will introduce three major products at the BICES Construction show in Beijing, China. BICES is scheduled to run between October 16 and 19, 2007.
A range of CVG's, KAB//Seating branded products will be on display at the show. These include the new P6 two-piece seat pan, the recently introduced flagship 600 Series construction seat and the new 41/C15 seat. The 41/C15 seat is a 400 Series derivative designated specifically for domestic Chinese construction original equipment manufacturers (OEMs).
BICES will be the stage for CVG's world launch of its new KAB branded P6 two-piece seating pan. This sleek-looking product is designed for use on small construction and agricultural equipment, either as a static seat or for use with KAB//Seating brand suspensions such as the XH2 or the 11. Both the P6 and 11/P6 provide ideal all weather seating solutions for OEMs and operators in the field. The P6 has vacuum formed cushions with integral drainage and ventilation channels mounted to robust steel pressed pans. Comfort and safety options include back rest extension, armrests, slide rails and seat belts. The new P6 two-piece seat will be manufactured in CVG's Shanghai facility with production scheduled to begin by year-end.
BICES will also be the setting for the China launch of the KAB//Seating 600 Series product range which is designated for medium to large-size construction equipment. The top-of-the-range 600 Series AIR 65/K4 seat will be displayed at the Show. This seat achieves ISO 7096 seat performance standards for construction vehicles in the following categories:
* EM1 -- Articulated and Rigid Dump Trucks * EM3 and EM8 -- Large and Compact Wheeled Loaders * EM4 -- Graders * EM5 -- Backhoe Loaders * EM6 -- Bulldozers
With an extended operator weight range of 50-200kg, the AIR 65/K4 seat provides significantly improved ride performance in excavators using horizontal and lateral isolators. Its state-of-the-art styling is combined with essential heavy-duty features such as meeting 22.2kN seat belt requirements without tether belts.
Also on display will be the mechanical 61/C1, an economy version of the KAB//Seating brand 600 Series seat. It is a KAB//Seating derivative designed specifically for the Chinese market, especially the burgeoning OEM production of domestic wheeled loaders and excavators. Production of these vehicles is currently estimated to be 165,000 per year as reported by the UK based Off- Highway Research Agency.
W. Gordon Boyd, President of CVG Global Construction, stated, "These KAB//Seating brand product introductions represent a significant investment in research and development, as well as CVG's continued commitment to expand our leadership in the global construction market. These efforts also demonstrate our goal to become a major domestic supplier in the Chinese market."
CVGS, the Shanghai based subsidiary of CVG, will be located at stand S721 in the New Exhibition Hall.
About Commercial Vehicle Group, Inc.
Commercial Vehicle Group is a leading supplier of fully integrated system solutions for the global commercial vehicle market, including the heavy-duty truck market, the construction and agriculture market and the specialty and military transportation markets. The company's products include suspension seat systems, interior trim systems, such as instrument and door panels, headliners, molded products, cabinetry and floor systems, cab structures and components, mirrors, wiper systems, electronic wiring harness assemblies and controls and switches specifically designed for applications in commercial vehicle cabs. Commercial Vehicle Group is headquartered in New Albany, OH with operations throughout North America, Europe and Asia. Information about Commercial Vehicle Group and its products is available on the internet at www.cvgrp.com.
This press release contains forward-looking statements that are subject to risks and uncertainties. These statements often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," or similar expressions. These statements are based on certain assumptions that the Company has made in light of its experience in the industry as well as its perspective on historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. Actual results may differ materially from the anticipated results because of certain risks and uncertainties, including but not limited to: (i) the Company's ability to develop or successfully introduce new products; (ii) risks associated with conducting business in foreign countries and currencies; (iii) general economic or business conditions affecting the markets in which the Company serves; (iv) increased competition in the heavy- duty truck market; (v) the Company's failure to complete or successfully integrate additional strategic acquisitions; (vi) the impact of changes in governmental regulations on our customers or on our business; (vii) the loss of business from a major customer or the discontinuation of particular commercial vehicle platforms; and (viii) various other risks as outlined in the Company's SEC filings. There can be no assurance that statements made in this press release relating to future events will be achieved. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on behalf of the Company are expressly qualified in their entirety by such cautionary statements.
Source: Commercial Vehicle Group, Inc.