Company Profile For Strattec Security Corp

STRATTEC SECURITY CORPORATION is engaged in designing, developing, manufacturing and marketing automotive security products, including mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, and access control products, including latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles and related access control products for North American automotive customers. The Company also supplies global automotive manufacturers through the VAST Alliance, in which it participates with WITTE Automotive of Velbert, Germany and ADAC Automotive of Grand Rapids, Michigan. During fiscal year ended June 28, 2009 (fiscal 2009), the Company formed a new subsidiary with WITTE Automotive called STRATTEC POWER ACCESS LLC (SPA) to acquire the North American business of the Delphi Power Products Group.

BRIEF: For the three months ended 27 September 2009, Strattec Security Corporation's revenues increased 19% to $41.2M. Net income totaled $943K, up from $20K. Revenue reflect an increase in sales due to Chrysler group LLC and Ford Motor Company. Net income reflects presence of recovery of doubtful accounts, an increase in gross profit margin, a hike in operating margin and an increase in other income, net.

Strattec Security Corp
3333 West Good Hope Road
Milwaukee   WI   53209
P: +1414.2473333
F: +1414.2473329

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