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Shiloh Industries: Shiloh Industries Introduces the AcroStik(TM) Family of Acoustic Metal Laminates

^{Published on 2009-05-12 11:15:36, Last Modified on 2009-11-02 11:45:45 - Market Wire}
 

VALLEY CITY, OH--(Marketwire - May 12, 2009) - Headquartered in Valley City, OH, Shiloh Industries, Inc. (NASDAQ: [ SHLO ]) is a major supplier of precision blanks, engineered welded blanks, complex stampings and modular assemblies for the automotive, heavy truck and other industrial markets. Production of AcroStik™ Acoustic Coil Laminate (ACL™) has been fully approved by a major automaker and successfully launched this year for a laminated steel oil pan for a V8 engine application.

Shiloh's proprietary process and adhesive technology has been developed in-house and represents a five-year project for the company. The viscoelastic chemistry can be tuned to provide damping for vehicle body and powertrain NVH applications. Shiloh's extensive knowledge of stamping and metal formability led the company's development objectives to achieve NVH performance requirements for laminated steel while improving formability. Patents are pending.

AcroStik™ ACL™ is available in coil sizes up to 72 inches wide and 60,000 pounds with composite thickness range from 0.031 to 0.079 inches.

Further developments are in process with several other OEMs.

 For additional information, please contact: Kevin Bagby -- financial publications James F. Keys -- trade publications Jonathan Fisk -- trade publications 

Certain statements made by Shiloh Industries, Inc. in this release and other periodic oral and written statements, including filings with the Securities and Exchange Commission, regarding the Company's operating performance, events or developments that the Company believes or expects to occur in the future, including those that discuss strategies, goals, outlook or other non-historical matters, or which relate to future sales, earnings expectations, cost savings, awarded sales, volume growth, earnings or general belief in the Company's expectations of future operating results are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements are made on the basis of management's assumptions and expectations. As a result, there can be no guarantee or assurance that these assumptions and expectations will in fact occur. The forward-looking statements are subject to risks and uncertainties that may cause actual results to materially differ from those contained in the statements. Some, but not all of the risks, include the ability of the Company to accomplish its strategic objectives with respect to implementing its sustainable business model; the ability to obtain future sales; changes in worldwide economic and political conditions, including adverse effects from terrorism or related hostilities; costs related to legal and administrative matters; the Company's ability to realize cost savings expected to offset price concessions; inefficiencies related to production and product launches that are greater than anticipated; changes in technology and technological risks; increased fuel costs; work stoppages and strikes at the Company's facilities and that of the Company's customers; the Company's dependence on the automotive and heavy truck industries, which are highly cyclical; the dependence of the automotive industry on consumer spending, which is subject to the impact of domestic and international economic conditions and regulations and policies regarding international trade; financial and business downturns of the Company's customers or vendors, including any bankruptcies; increases in the price of, or limitations on the availability of, steel, the Company's primary raw material, or decreases in the price of scrap steel; the successful launch and customer acceptance of new vehicles for which the Company supplies parts; the occurrence of any event or condition that may be deemed a material adverse effect under the Company's credit agreement; pension plan funding requirements; and other factors, uncertainties, challenges, and risks detailed in the Company's public filings with the Securities and Exchange Commission. The Company does not intend or undertake any obligation to update any forward-looking statements, except as required by law.