Key Safety Systems and Chery Automobile Company Sign Memorandum of Understanding for Advanced Safety Restraint System Development for Export Markets

Key Safety Systems and Chery Automobile Company Sign Memorandum of Understanding for Advanced Safety Restraint System Development for Export Markets

April 26, 2006

    SHANGHAI, China, April 26 /Xinhua-PRNewswire/ -- Key
Safety Systems, Inc. ("KSS") -- a leader in
global automotive safety systems and components -- has
signed a Memorandum of Understanding (MOU) with Chery
Automobile Company (Chery), located in Wuhu city of the
Anhui Province in P.R. China.  This MOU sets forth a
framework for both KSS and Chery to establish a strategic
partnership for the design and development of advanced
automotive safety system solutions for Chery vehicles to
meet the requirements of the global markets, including
North America and Europe. 

    (Photo: 
http://www.newscom.com/cgi-bin/prnh/20060425/DETU028 )

    "We are extremely excited about this MOU signing
and look forward to working closely with Chery on their
advanced safety system solutions for export markets.  We
intend to fully utilize our new state-of-the-art Asia
Technology Center located in Shanghai to enable this
relationship.  Obviously, this strategic partnership
provides a win-win solution for both companies moving
forward in the global automotive market," said Jason
Luo, President & COO of Key Safety Systems, Inc. 

    "The relationship with Chery reflects our strong
commitment to the China market and Asia-Pacific region as a
whole and underscores the significance of the $30M
investment in our new technology and manufacturing center
in Shanghai," added B. Edward Ewing, Chairman and CEO
of Key Safety Systems, Inc.  "In addition, we are
prepared to expand our manufacturing capacity in China as
needed to better serve our customers."

    About Key Safety Systems

    Key Safety Systems, Inc., a Key Automotive
Group-affiliated company since April 2003, is a leading
global designer and manufacturer of safety-critical
components and systems including airbags, seat belts and
steering wheels.  Key Safety Systems' products are used in
more than 300 vehicle models produced by over 45 automobile
manufacturers worldwide.  Key Safety Systems' global reach
comprises 32 manufacturing, technical and sales facilities
in 12 countries generating over $1.1 billion in sales and
employing more than 9,000 people.

    About Key Automotive Group

    The Key Automotive Group of companies is an affiliation
of premier suppliers of components and systems to the global
automotive industry.  A noted affiliate is Key Plastics.  As
a leading supplier of injection molded products to the
automotive market, Key Plastics provides engineering,
design, program management and production services
throughout North America, Europe and Asia.  With production
facilities in Shanghai through the joint venture Shanghai
Key Automotive Plastic Component Co. Ltd., Key Plastics
provides world-class quality, delivery, cost and
engineering support to their Tier 1 and OEM customers. 

    Established in 2002 by the Ewing Management Group, the
Key Automotive Group companies generate more than $1.8
billion in sales and employ more than 14,000 employees in
state-of-the-art technical and manufacturing facilities in
15 countries in North America, Europe and Asia. 

    For more information, please contact:

     Ron Feldeisen,
     Key Safety Systems, Inc.
     Tel:  [phone]

SOURCE  Key Safety Systems, Inc.