Sypris Secures Follow-On Contracts for Subsea Cable Systems Production Through 2026.

Sypris Electronics has secured a follow-on contract to manufacture and test electronic components for subsea communication networks. The agreement includes production of power supply modules, optical processing units, and branching units for multiple high-reliability subsea networks. Production is ongoing and expected to continue through 2026.

Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), has secured follow-on contract awards from a leading global provider of subsea cable systems. Under the terms of the agreement, Sypris will manufacture and test electronic power supply modules, optical processing units, and branching units to support multiple high-reliability subsea communication networks. Production is currently underway and is expected to continue through 2026 [1].

The awarded contracts involve the production of advanced electronic assemblies designed for use in scalable, ultra-long-haul subsea networks. As global demand for digital services and data consumption continues to surge, these high-capacity systems play a critical role in providing seamless connectivity to major global internet exchange points and content delivery hubs. These next-generation subsea systems are engineered to span thousands of kilometers beneath the ocean’s surface, ensuring robust and reliable data transmission between continents.

Mike Sedgwick, Vice President and General Manager of Sypris Electronics, stated, "The subsea electronics sector is a strong fit with our strategic focus on mission-critical applications. We’re proud to support a global leader in subsea telecommunications infrastructure, and to expand our collaboration through this important award."

Sypris Electronics specializes in producing electronics for high-cost-of-failure applications and has over 50 years of experience in engineering and manufacturing services for complex, mission-critical electronic solutions. The company serves customers in the Defense, Space, Deep Sea Communications, and Industrial markets.

This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include plans and expectations of future financial and operational performance. Each forward-looking statement is subject to risks and uncertainties, as detailed in Sypris Electronics' most recent Form 10-K and Form 10-Q filings [2].

References:
[1] https://www.stocktitan.net/news/SYPR/sypris-wins-awards-to-support-subsea-cable-nbfpln53zyiy.html
[2] https://www.businesswire.com/news/home/20250729517417/en/Sypris-Wins-Awards-to-Support-Subsea-Cable-Systems