NOVI, Mich., Oct. 14, 2019 /PRNewswire/ -- Stoneridge, Inc. (SRI) has been named a finalist for the 2020 Automotive News PACE Awards for its MirrorEye® Camera Monitor System (CMS). The PACE Awards, now in their 26th year, honor suppliers who exemplify innovation by developing game-changing technologies and processes that have successfully reached the market.
"This finalist nomination is a significant achievement for Stoneridge and a testament to our continued focus on the future," said Jon DeGaynor, president and chief executive officer. "At Stoneridge, we're working to anticipate our customers' needs and challenges, and develop and deliver systems-based solutions that customers may not have expected. Our revolutionary MirrorEye platform is a great example of this."
Stoneridge's MirrorEye system delivers a greater field of view, blind spot elimination and improved fuel economy. It is the only CMS to receive exemption from the Federal Motor Carrier Safety Administration (FMCSA) to replace a truck's traditional mirrors with integrated external digital cameras and digital monitors inside the cab.
Stoneridge is one of 28 diverse supplier companies that have been selected as a finalist. Winners are determined by an independent panel of judges and will be announced at a ceremony on March 23, 2020, in Detroit.
About Stoneridge, Inc.
Stoneridge, Inc., headquartered in Novi, Mich., is an independent designer and manufacturer of highly engineered electrical and electronic components, modules and systems principally for the automotive, commercial vehicle, motorcycle, agricultural and off-highway vehicle markets. Additional information about Stoneridge can be found at Stoneridge.com.
Statements in this press release that are not historical fact are forward-looking statements which involve risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied in this release. Things that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the loss of a major customer; a significant volume change in automotive, commercial vehicle, motorcycle, off-highway vehicle and agricultural equipment production; disruption in the OEM supply chain due to bankruptcies; a significant change in general economic conditions in any of the various countries in which the Company operates; labor disruptions at the Company's facilities or at any of the Company's significant customers or suppliers; the ability of the Company's suppliers to supply the Company with parts and components at competitive prices on a timely basis; customer acceptance of new products; the failure to achieve successful integration of any acquired company or business; and the items described in Part I, Item IA ("Risk Factors") of the Company's 2018 10-K filed with the SEC. The forward-looking statements contained in this press release represent our estimates only as of the date of this press release and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, whether to reflect actual results, changes in assumptions, changes in other factors affecting such forward-looking statements or otherwise.
Director, Global Strategic Marketing and Communications