TriMas Aerospace Receives Performance Recognition from its Boeing Suppliers

BLOOMFIELD HILLS, Mich.–(BUSINESS WIRE)–TriMas (NASDAQ:TRS) today announced that TriMas Aerospace’s Allfast Fastening Systems business has received a 2021 Supply Chain Certificate of Achievement from Boeing for the tenth consecutive year. Boeing presents the award annually to recognize suppliers who have achieved superior performance each year. Allfast Fastening Systems has maintained a Silver composite performance rating for each month of the 12-month performance period from January to December 2021.

“This recognition acknowledges our commitment to our customers to consistently deliver superior quality, on-time delivery, flexibility and exceptional service,” said John Schaefer, president of TriMas Aerospace. “Our Allfast team is relentlessly focused on operational excellence and customer satisfaction, and we are grateful for their hard work and dedication. We thank Boeing for this recognition and look forward to continuing to partner with innovative fastening solutions. »

TriMas Aerospace designs, engineers and manufactures conduit and engineered fasteners for the global commercial and military aerospace industry under the following leading brands: RSA Engineered Products, Monogram Aerospace Fasteners™, Allfast Fastening Systems®, Mac Fasteners™, TFI Aerospace and Martinic Engineering™.

About Trimas

TriMas manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our more than 3,500 dedicated employees in 13 countries provide customers with a wide range of quality, innovative product solutions through our market-leading businesses. Our TriMas family of companies has strong brands in the markets served and operates under a common set of values ​​and strategic priorities under the TriMas business model. TriMas is listed on NASDAQ under the symbol “TRS” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit www.trimascorp.com.

Notice Regarding Forward-Looking Statements

Any “forward-looking” statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, contained herein, including those relating to the business, financial condition or future results of TriMas, involves risks and uncertainties regarding, including, but not limited to: the severity and duration of the ongoing coronavirus (“COVID-19”) pandemic affecting our operations, our customers and our suppliers, as well as related actions taken by governmental authorities and other third parties in response, each of which is uncertain, rapidly changing and difficult to predict; general economic and monetary conditions; inflationary pressures on our supply chain, including raw material and energy costs, and customers; interest rate volatility; risks and uncertainties associated with intangible assets, including charges for impairment of goodwill or other intangible assets; competitive factors; future trends; our ability to execute our business strategies; our ability to identify attractive acquisition candidates, successfully integrate acquired operations or realize the anticipated benefits of such acquisitions; information technology and other cybersecurity risks; the performance of our contractors and suppliers; supply constraints, including the availability and cost of raw materials; market demand; intellectual property factors; dispute; governmental and regulatory actions, including, without limitation, climate change legislation and other environmental regulations, as well as the impact of tariffs, quotas and surcharges; our leverage; liabilities imposed by our debt securities; labor disputes and shortages; changes in tax and tax policies; contingent liabilities related to acquisition activities; disruption of operations due to catastrophic or extraordinary events, including natural disasters and public health crises; the amount and timing of future dividends and/or share buybacks, which remain subject to Board approval and depend on market and other conditions; our future prospects; and other risks that are detailed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021. The risks described are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently believe to be immaterial may also materially adversely affect our business, financial condition and results of operations or cash flows. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on currently available information, and the Company undertakes no obligation to update any forward-looking statements except as required by law.

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