Joyson Safety Systems (Formerly Key Safety Systems, Inc.)

Company Profile

■URL

https://www.joysonsafety.com/

■Address

2025 Harmon Road, Auburn Hills, MI 48326, USA

Business Overview

-The Company is a global leading developer and manufacturer of automotive active and passive safety components and systems such as airbags, seat belts and steering wheels.

-The Company's products are used in more than 300 vehicle models produced by over 70 car manufacturers worldwide.

-The Company is a subsidiary of Ningbo Joyson Electronic Corporation.

Competitors

-Autoliv
-ZF

Shareholders

-In June 2016, Ningbo Joyson Electronic Corporation completed a merger with the Company, acquiring all of the Company’s shares and making the Company its subsidiary.

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Products

Active safety systems
-Autonomous technologies

Facial recognition technology
Driver monitoring systems
Occupant positioning sensors
Occupant monitoring systems
Early mechatronic restraint preparedness
Surround view vision systems
Intelligent sensors
Advanced Driver Assist Systems
Park Assist system
Active steering systems
Accident recording system
Emergency braking systems

-Event protection

Active body panels
Anti-collision bodywork
Fire suppression protection
Rapid interruption mechatronic devices
High voltage line cutters
Pyrotechnic actuators for pedestrian safety
Pyrotechnic actuators for battery interruption systems

-Integrated safety and electronics

Electronic seatbelts
Integrated electronic steering wheels
Integrated foam sensors (IFS) for occupant classification
Gas sensors for vehicle cabin

Passive safety systems
-Airbags

Driver airbags
Passenger airbags
Adaptive passenger airbags
Pelvis-thorax side airbags
Knee airbags
Curtain airbags
Occupant to Occupant (OTO) airbags
Windshield airbags
Belt-Attached Restraint Supplement (BARS) airbags
Far side airbags
Embrace airbags

-Inflators

Advanced driver inflators
Advanced passenger inflators
Cold gas inflators
Cold gas curtain inflators
Side and knee inflators
Pyrotechnic inflators
Stored gas inflators
Hybrid inflators
Initiators
Propellants

-Seat belts

Buckle Seat Belt Tension Sensor (SBTS)
Buckles
Buckle pretensioners
Sill-end pretensioners
3-door sill-end pretensioners
Global Modular Retractors (GMR)
Compact Pretensioner (CPT) retractors
Multi-Level Load Limiter (MLL) retractors
Inflatable seat belts
Motorized seat belts
Retractors with Pyrotechnic Pretensioner
Emergency locking retractors

-Steering wheels

Heated steering wheels
Airbag integrated steering wheels
Integrated electronic steering wheels
Solid wood and wood shell steering wheels
Leather wrapped steering wheels
Haptic feedback systems
Hands-on sensor systems for steering wheels
Steering wheels with integrated lightbars or ambient illumination
Multifunctional switches for steering wheels
Steering wheel decorative trim
Premium rim surfaces
Vegan material wrapped steering wheels
Next-generation steering devices

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History

Dec. 1986	The Company was incorporated in Delaware as Breed Automotive Corp.
Sep. 1992	Changed its name to Breed Technologies, Inc.
Dec. 1993	Entered into a joint venture with IAO Riunite Industrie S.p.A. to form BREED Italia, a manufacturer of airbag modules in Italy for existing and newly-awarded business with Fiat Auto, S.p.A.
Aug. 1994	Acquired 100% of the stock of Hamlin, Inc. in exchange for common shares of the Company.
May 1995	Acquired an additional 10% of BREED Italia, the joint venture between the Company and IAO Industrie Riunite SpA (IAO).
Jun. 1995	Acquired Vaisala Technologies, Inc. Oy (VTI), a world leader in the design and production of silicon capacitive micromachined silicon sensors.
Apr. 1996	Acquired all of the outstanding shares of MOMO S.p.A. And G. Holding, S.r.l. (collectively "MOMO"), an original equipment manufacturer and aftermarket supplier of luxury steering wheels and alloy wheels.
Apr. 1996	Acquired all of the outstanding shares of Italtest S.r.l., an Italian manufacturer of printed circuit boards for the automotive, computer and telecommunications markets.
May 1996	Acquired all of the outstanding shares of Force Imaging Technologies, Inc., a manufacturer of thin-profile variable force sensors for multi-function automotive capabilities.
Jul. 1996	Acquired Gallino, the third largest European manufacturer of steering wheels, from IAO Indusrie Riunite.
Oct. 1996	Acquired the steering wheel operations of UTA (United Technologies Automotive) and renamed the company to United Steering Systems.
Feb. 1997	Consummated the acquisition of the stock of BTI Investments, Inc., ("BTI") a holding company which owns the Custom Trim Group of Companies
Mar. 1997	Opened sales office in Korea.
Mar. 1997	Established a new technical center in Michigan.
Apr. 1997	Signed a new supply agreement with GM to deliver steering wheels for a future GM program. This is the first Tier 1 sourcing for the Company with GM.
May 1997	Announced the world's first airbag contract with a Chinese original equipment manufacturer. The Company will supply First Auto Works with airbag systems.
May 1997	Signed a new supply agreement with Sungwoo Corporation to deliver driver and passenger side nonazide inflators.
Sep. 1997	Filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code.
Oct. 1997	Signed a Memorandum of Understanding with Siemens Aktiengesellschaft, Automotive Systems Group to form a global strategic alliance for the worldwide research, development, engineering, assembly and marketing of motor vehicle occupant safety restraint systems. This strategic partnership will offer customers the Company's occupant safety system technologies and components combined with Siemens Automotive's advanced sensors and occupant safety electronics in an integrated package.
Oct. 1997	Became the third largest supplier of occupant restraint systems and the largest U.S. manufacturer of seat belts through the acquisition of the occupant restraint division of AlliedSignal.
Dec. 1997	Established BSRS Restraint Systems, a joint venture with Siemens Automotive for occupant safety restraint systems.
May 1998	Acquired HS Technik & Design, which developed advanced technology for seat belt systems.
May 1999	Formed a joint venture with Textron Automotive Company Inc. and Magneti Marelli S.p.A. The new joint venture company, named Textron Breed Automotive S.r.l. has been established to design and manufacture world-class instrument panels, bumpers and exterior and interior trim.
1999	Implemented a repositioning program, in which it closed or sold approximately 45 manufacturing facilities and reduced its workforce by around 4,000.
Jun. 2000	Harvard Industries has entered into an agreement with the Company on combining their businesses under a plan for the Company to emerge from Chapter 11. The combined operations will have annual revenues of around USD 1.7 billion. Roger Pollazzi of Harvard will be chairman and chief executive.
Dec. 2000	The Company's plan of reorganization was confirmed by the United State Bankruptcy Court. And the Company emerged from the Chapter 11 bankruptcy process. -The Plan provides for the cancellation of all the Company's common stock outstanding. -The Company's bank lenders will end up with around 94% of reorganized the Company's common stock plus a $100 million note. -The Company will continue as a private corporation with new capital and ownership structures. As previously announced, John Riess, the former CEO of Gates Rubber Company, has been named the Company's CEO.
Sep. 2003	Breed Technologies, Inc. changed its name to Key Safety Systems, Inc. and completed the relocation of its worldwide headquarters to Sterling Heights, Michigan. The new name and change of address officially closes the integration of Breed by the Carlyle Management Group and classs Key Safety Systems, Inc. with its affiliate, Key Plastics, L.L.C. in the Detroit area under the unified Key Automotive Group brand.
Mar. 2006	Announced the grand opening of its Asia technology and manufacturing center in Shanghai, China. The center is part of the Company's joint venture with Yanfeng Visteon. The 240,000-square-foot manufacturing facility produces airbag modules, seat belt assemblies, and steering wheels and will employ over 1,000 people. The 140,000-square-foot technology center will employ over 500 engineering professionals.
Mar. 2007	Acquired by an equity company called Crestview Partners L.P.
May 2013	Divested Hamlin, a sensor manufacturer to Littelfuse.
Aug. 2014	FountainVest Partners, a Hong Kong-based private equity firm, completed an investment making it one of the owners of the Company.
Jun. 2016	Completed merger with Ningbo Joyson Electronics Corp.
Apr. 2018	Company completed acquisition all of the Takata Group's assets and businesses except the phase-stabilized ammonium nitrate airbag inflator business
Apr. 2018	Company changed name from "Key Safety Systems" to "Joyson Safety Systems"