|New Seat Features Modular Design
Available in Left- and Right-Hand Versions
NEW ALBANY, OHIO, USA, September 18, 2008 – Commercial Vehicle Group, Inc. (Nasdaq: CVGI) today announced that it will introduce its new GSX 3000 Global Truck Seat at the Internationale Automobil-Ausstellung (IAA) Show in Hanover Germany. Designed for truck and bus Original Equipment Manufacturers, the new Global Seat will be initially available to aftermarket customers through CVG’s distributor network. CVG expects production of the new GSX Global Seat to start in March 2009.
The aesthetically styled GSX 3000 was designed to meet the service needs, performance requirements and certifications for all commercial vehicles with a gross-vehicle weight of six-tons or more. Other commercial vehicle weight classifications are planned in the future.
The GSX 3000 Seat provides multiple, comfort and safety features for drivers of trucks, buses, coaches and utility vehicles, including:
• Automatic, self-leveling air suspension
• Adjustable dampening system
• Quick exhaust air valve
• Dual air lumbar and air side bolsters
• Integral headrest
• 3-point seat belts
• Back recliner
• Leather and fabric trim
• Left and right hand versions
“We began development of the GSX 3000 as part of our corporate strategy to diversify CVG’s product offerings and expand our Company’s geographic footprint through entry into the European market, particularly truck seating. The GSX 3000’s modular design will allow us to market a comprehensive seat program to new and existing customers on a global basis,” stated Mervin Dunn, President and Chief Executive Officer of CVG.
“We feel the design and structure of the GSX 3000 presents an exciting opportunity for CVG to gain access to Europe and other markets world wide. For our investors, this type of product is intended to help diversify our revenue stream and make us less vulnerable to the Class 8 cycle of the North American market,” added Dunn.
Michael Hof, Vice President Commercial Global Seat Sales for CVG stated, “We are very excited about the potential of the GSX 3000. It has a common structure that is easily adaptable to different end-customer and market needs. This product’s advanced design allows us to meet specific customer requirements, while leveraging high-volume purchasing opportunities to help keep costs lower.”
Hof added, “The GSX 3000 has the design and features necessary to compete in the European commercial vehicle seating market. We will also leverage our build-to-order manufacturing and logistic expertise to offer shorter delivery times. Our goal is to reduce standard lead-times by 50% compared to most European seating producers. Additionally, as a modular product, the GSX 3000 has a simplified design which makes it more serviceable. That should translate into reduced maintenance costs and decreased down time for fleet customers and owner-operators.”
The IAA Show runs between September 25 and October 2, 2008. The CVG booth (G-50) is located in HALL 11. In addition to the GSX 3000, CVG will also display C.I.E.B. products, the Company’s new KAB Seating Air 65/K4 heavy-duty construction seat and KAB Seating office chairs. Other CVG product brands include: KAB Seating, National Seating, Sprague Devices®, Prutsman™, Moto Mirror® and Mayflower®.