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Multimatic Honoured with 2006 Toyota Technology & Development Award

MARKHAM, Ontario (February 23rd, 2007) – Multimatic has received this year’s Technology & Development Award from Toyota Motor Corporation, Japan. The award recognises Multimatic as a top innovator and confirms Multimatic’s position as a technology leader in the Global Automotive marketplace. The award was presented by Toyota President, Katsuaki Watanabe to Peter Czapka, President, Multimatic, in a ceremony held on February 23, 2007, at Toyota’s Global Suppliers Convention in Nagoya, Japan.

The Toyota Technology & Development Award is given annually to Toyota suppliers in one of three sub-categories: “Parts & Material”, “Facilities” and “Simple, Compact Manufacturing”. Multimatic was presented with the award for their novel Tailgate Lift Assist technology featured on the 2007 Toyota Tundra and was only 1 of 25 technologies recognised globally by Toyota in the “Part & Material” category.

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“We are extremely pleased to be recognized by Toyota as global leaders in technology and innovation. Receiving this award is especially significant for Multimatic, as this honour has been achieved on the first business we have undertaken with Toyota. We are pleased to receive such a significant award from a company with whom we share many business practises and philosophies. This award validates Multimatic’s strategic focus on providing value to our customers through innovative product designs delivered from our world-class manufacturing sites.” said Peter Czapka, President, Multimatic.

Multimatic’s Tailgate Lift Assist uses a gas strut housed behind the taillight within the side wall of a pickup truck’s bed, to control the opening motion and assist with closing a tailgate. This feature not only aids truck owners by providing a significant “lift” when closing, it also increases vehicle safety as it eliminates the “slam open” event experienced with most tailgates when opened. The lift assist mechanism does not interfere with the removal and re-installation of a tailgate as the mechanism is housed out of sight and out of the way. This innovative feature has proven desirable with truck owners, especially for newer tailgates that are increasingly taller and heavier.

Multimatic is a privately held Canadian corporation supplying components, systems and services to the global automotive industry. The company is headquartered in Markham, Ontario, Canada, and has operating divisions in North America and Europe with partners in Asia, South America and Australia.

Multimatic specializes in the manufacture of stampings, welded assemblies, mechanisms, and suspension components, as well as the design and development of automotive body and chassis systems. Multimatic uses advanced technologies to achieve outstanding product quality, delivery and functional performance.