STOCK TITAN

Unique Fabricating's Auburn Hills Facility Secures Prestigious Q1 Certification from Ford

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Unique Fabricating (NYSE American: UFAB) announced that its Auburn Hills, Michigan facility achieved Q1 certification as of January 26, 2022. This certification underscores the company's commitment to high service levels and quality, evidenced by zero customer complaints and best-in-class performance metrics. It positions Unique Fabricating as a preferred supplier to Ford, enhancing its competitive edge. The company aims to secure similar certification at its Querétaro, Mexico, and LaFayette, Georgia facilities to strengthen relationships with automakers.

Positive
  • Auburn Hills facility received Q1 certification, confirming high service and quality standards.
  • Zero customer complaints and best-in-class performance metrics enhance competitive positioning.
  • Positions Unique Fabricating as a preferred vendor for Ford and potential future business.
Negative
  • None.

Industry Certification Demonstrates Quality and Customer Satisfaction; Positions Company as Preferred Supplier

AUBURN HILLS, MI / ACCESSWIRE / February 8, 2022 / Unique Fabricating, Inc. (NYSE American:UFAB), a leader in engineering and manufacturing multi-material foam, rubber, and plastic components utilized in noise, vibration, and harshness management and air/water sealing applications for the transportation, appliance, medical, and consumer markets, today announced that its Auburn Hills, Michigan facility has met the requirements of Q1 certification, effective January 26, 2022. This certification is a validation of Unique Fabricating's high-levels of service, quality, and customer satisfaction scores, and positions this facility to be awarded business as a preferred vendor when bidding against uncertified competitors.

To qualify, companies must simultaneously achieve the following:

  • Zero customer quality complaints/notifications and no open corrective actions
  • Best in class PPM measures
  • Written endorsements from: Ford Customer Service Division, Ford Supplier Technical Assistance, and Ford Material Planning & Logistics
  • Third-party Certification to IATF 16949 and ISO 14001 and compliance to MMOG/LE achieving level A
  • Approved Manufacturing Site Assessment
  • An excellent shipping history with no stop shipments or field actions
  • PPM less than 150% of Commodity Average for both production and service
  • Maintain delivery performance above an 81 score for both production and service each month

"As Unique Fabricating has always been committed to the highest customer service levels including quality and on-time delivery especially in these very challenging times, receiving Ford's Q1 certification validates our efforts," commented Doug Cain, President and Chief Executive Officer of Unique Fabricating. "The team at our Auburn Hills facility worked tirelessly over many months to meet these stringent requirements. We are in the process of securing Q1 certification at our facilities in Querétaro, Mexico and then LaFayette, Georgia, to further bolster our relationship with Ford and strengthen our ability to win business with various automakers."

About Unique Fabricating, Inc.
Unique Fabricating, Inc. (NYSE American:UFAB) engineers and manufactures components for customers in the transportation, appliance, medical, and consumer markets. The Company's solutions are comprised of multi-material foam, rubber, and plastic components and utilized in noise, vibration and harshness ("NVH") management, acoustical management, water and air sealing, decorative and other functional applications. Unique leverages proprietary manufacturing processes, including die cutting, thermoforming, compression molding, fusion molding, and reaction injection molding to manufacture a wide range of products including air management products, heating ventilating and air conditioning ("HVAC"), seals, engine covers, fender stuffers, air ducts, acoustical insulation, door water shields, gas tank pads, light gaskets, topper pads, mirror gaskets, glove box liners, personal protection equipment, and packaging. The Company is headquartered in Auburn Hills, Michigan. For more information, visit http://www.uniquefab.com.

Safe Harbor Statement
Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. Forward-looking statements relate to future events or to future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause the Company's or the Company's industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by this press release. Words such as "may," "will," "could," "would," "should," "anticipate," "predict," "potential," "continue," "expects," "intends," "plans," "projects," "believes," "estimates," "outlook," and similar expressions are used to identify these forward-looking statements. All such forward-looking statements are based on management's present expectations and are subject to certain factors, risks and uncertainties that may cause actual results, outcome of events, timing and performance to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, those discussed in our Annual Report on Form 10-K for the year ended December 31, 2020 as filed with the Securities and Exchange Commission and in particular the Section entitled "Risk Factors", as well as any updates to those risk factors filed from time to time in our periodic and current reports filed with the Securities and Exchange Commission. All statements contained in this press release are made as of the date of this press release, and Unique Fabricating does not intend to update this information, unless required by law. Reference to the Company's website above does not constitute incorporation of any of the information thereon into this press release.

Investor Inquiries:
Rob Fink, FNK IR
(646) 809-0408
rob@fnkir.com

SOURCE: Unique Fabricating, Inc.



View source version on accesswire.com:
https://www.accesswire.com/687739/Unique-Fabricatings-Auburn-Hills-Facility-Secures-Prestigious-Q1-Certification-from-Ford

FAQ

What is Unique Fabricating's recent achievement regarding Ford?

Unique Fabricating's Auburn Hills facility received Q1 certification from Ford, effective January 26, 2022.

How does Q1 certification impact Unique Fabricating's business?

The Q1 certification positions Unique Fabricating as a preferred supplier for Ford, enhancing its chances to win business against uncertified competitors.

What metrics did Unique Fabricating achieve for Q1 certification?

To qualify for Q1 certification, Unique Fabricating achieved zero quality complaints, best-in-class PPM measures, and received endorsements from Ford.

Is Unique Fabricating planning to expand Q1 certification to other facilities?

Yes, Unique Fabricating is in the process of securing Q1 certification at its Querétaro, Mexico and LaFayette, Georgia facilities.

Unique Fabricating, Inc.

NYSE:UFAB

UFAB Rankings

UFAB Latest News

UFAB Stock Data

1.97M
9.58M
18.13%
18.51%
6.14%
Auto Parts
Consumer Cyclical
Link
United States
Auburn Hills