Autoliv Selected by BMW to Develop Safety Electronics
Autoliv Selected by BMW to Develop Safety Electronics (Stockholm, November 1, 2000) - Autoliv Inc. (NYSE: ALV and SSE: ALIV) - the world-wide leader in automotive safety systems - has established an agreement with BMW to supply safety electronics, in addition to the airbags, seat belts and steering wheels Autoliv currently supplies the German car manufacturer. The agreement includes a new ASIC (Application Specific Integrated Circuit) from ELMOS Semiconductor AG that will be part of a new safety system currently being developed by BMW. The new system is expected to be launched in model year 2003 in a new vehicle. This contract represents annual sales of $30 million for this vehicle. In addition, the alliance is expected to include other new products and future designs. "We are honored and proud to have been selected by such a leading and prestigious car manufacturer as BMW to be its partner for advanced safety electronics", said Jan Carlson, President of Autoliv Electronics. "It's a recognition of our technological leadership in complete safety systems for motor vehicles". Autoliv Electronics is a division of Autoliv Inc. with more than 1,000 employees and sales last year of approximately $200 million. Operations are located in Sweden, France and the U.S.. For more than ten years, Autoliv Electronics has developed and supplied safety electronics - mainly electronic control units (ECU) for airbags - to leading vehicle manufacturers worldwide. Besides new, more advanced airbag ECUs, the product development of the Autoliv Electronics division is focused on smart airbag systems with occupant sensing systems, on pre-crash sensing systems, as well as on post-crash mayday systems and other telematics systems. Inquiries: Lars Westerberg, President and CEO, Autoliv Inc. Tel +46 (8) 58 72 06 20 Jan Carlson, President Autoliv Electronics, Tel. +46(8)58 72 06 56 or mob. +46(709)78 27 10 Mats Ödman, Dir. Corp. Comm., Tel. +46 (8) 58 72 06 23, or mob. +46 (708) 32 09 33 Patrick Jarboe, Director Investor Relations, Tel. +1 (248) 475-0407 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/11/01/20001101BIT00180/bit0001.doc http://www.bit.se/bitonline/2000/11/01/20001101BIT00180/bit0002.pdf