Lear Introduces SoyFoam(TM) Technology for Automotive Seating Applications
SOUTHFIELD, Mich., Dec. 14 -- Lear Corporation (NYSE:LEA), one of the world's leading automotive interior suppliers, today announced it has developed SoyFoam(TM), a soybean oil-based flexible foam material for automotive interior applications. The advantages of SoyFoam(TM) include a lower environmental impact to produce, the soy-based foam material is up to 24% renewable as opposed to traditional non-renewable petroleum-based foam, it reduces dependency on volatile energy markets and it offers the potential for reducing foam costs as use in automotive applications reaches critical mass.
Ford Motor Company was the first automotive manufacturer to express an interest in soy foam for automotive applications and the first to demonstrate that soy-based polyols could be used at high levels (~40%) to make foams capable of meeting or exceeding automotive requirements. In 2004, a partnership was formed between Ford and Lear for the purpose of commercializing SoyFoam(TM) applications, with initial work concentrated on the molding of headrest and armrest components. Today, Lear and Ford lead the industry with market ready applications for this renewable resource. Lear also is collaborating with the United Soybean Board - New Uses Committee (a group of 64 farmers/agricultural industry leaders), Urethane Soy Systems Company, Bayer Corporation and Renosol Corporation on SoyFoam(TM) development.
"Our research and testing has proven that SoyFoam(TM) solutions will withstand a mass production environment and meet or exceed performance requirements," said Ash Galbreath, director of Lear's Environmental Comfort Engineering. "As a result, the recent breakthroughs in SoyFoam(TM) technology are of great interest to our worldwide customers," Galbreath continued.
Lear Corporation is one of the world's largest suppliers of automotive interior systems and components. Lear provides complete automotive seating systems, electronic products and electrical distribution systems as well as interior trim components. With annual net sales of $17.1 billion in 2005, Lear ranks #127 among the Fortune 500. The Company's world-class products are designed, engineered and manufactured by a diverse team of more than 110,000 employees in 34 countries. Lear's headquarters are in Southfield, Michigan, and Lear is traded on the New York Stock Exchange under the symbol (LEA). Further information about Lear is available on the Internet at http:www.lear.com.
First Call Analyst:
Mel Stephens
+1-248-447-1624
Source: Lear Corporation
CONTACT:
Mel Stephens
Vice President Investor Relations and Corporate Communications
+1-248-447-1624
Andrea Puchalsky
Director Corporate Communications
+1-248-447-1651
Web site: http://www.lear.com/
