Chinese auto sensor companies move into India

Dec. 6, 2005 – China Automotive Systems Inc., a Wuhan, Hubei, China, power steering components and systems supplier and Sensor System Solutions Inc. (OTC.BB:SSYO), an Irvine, Calif., manufacturer of MEMS sensors, interface electronics and control systems, announced a new project for its joint venture to manufacture and distribute manifold absolute pressure (MAP) and temperature and manifold air pressure (TMAP) sensors in India, as well as provide technical and commercial support to an unnamed Indian automobile manufacturer.

In April 2005, China Automotive Systems and Sensor System Solutions announced a joint venture agreement to produce sensors for the Chinese automotive market. That joint venture will operate as Universal Sensor Inc., and will manage the India project. This phase of the project is expected to be in place for three years.

“We are moving ahead quickly and expect to be in the production phase in late 2006,” said Michael Young, chief executive officer of Sensor System Solutions. “The production quantity is estimated to be approximately 200,000 units in 2007 and could ramp up to approximately 1 million units by 2010.”

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