OSRAM Honored as One of Visteon Corporation's Top Suppliers

VAN BUREN TOWNSHIP, Mich., May 7 /PRNewswire/ -- OSRAM has been honored with Visteon Important Partner Awards for outstanding overall performance in providing automotive lighting and electronics products to Visteon Corporation, one of the world's leading automotive suppliers.

OSRAM's Automotive Lighting business unit was recognized as a top supplier to Visteon in the automotive lighting category and its Opto Semiconductors business unit was recognized in the electronics category during a recent ceremony at Visteon's Corporate Offices and Innovation Center in Van Buren Township, Mich.

OSRAM is a wholly owned subsidiary of Siemens AG.

The Visteon Important Partner Award program, now in its sixth year, honors Visteon suppliers that achieve "best-in-class" ratings for quality, delivery, technology, launch and cost-control performance. OSRAM was among 23 companies honored for 2007 performance, representing less than one percent of Visteon's global production and non-production suppliers.

"OSRAM and OSRAM Opto Semiconductors have distinguished themselves as outstanding Visteon suppliers in the lighting and electronics categories, whose performance has been instrumental in helping Visteon deliver innovative, high-quality, cost-efficient products to vehicle manufacturers," said Patrick Bauer, Visteon senior director, material planning and logistics - indirect and central purchasing.

Of the 23 companies earning Visteon Important Partner Awards, eight are based in the Asia-Pacific region, six in Europe, five in North America and four in South America.

"Having a world-class supply base is critical to Visteon's ability to meet the technology, quality and cost needs of vehicle manufacturers around the world, and these 23 suppliers represent 'the best of the best,'" said Donald J. Stebbins, Visteon president and chief operating officer. "We are proud to recognize these suppliers, who have performed at an extremely high level in supporting our three strategic product groups - climate, electronics and interiors."

About Visteon

Visteon Corporation is a leading global automotive supplier that designs, engineers and manufactures innovative climate, interior, electronic and lighting products for vehicle manufacturers, and also provides a range of products and services to aftermarket customers. With corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Kerpen, Germany; the company has facilities in 26 countries and employs approximately 41,500 people.

About OSRAM

OSRAM is part of the Industry sector of Siemens and one of the two leading lighting manufacturers in the world. Sales for the OSRAM group worldwide in the year ending Sept. 30, 2007 totaled 4.7 billion euros, 88 percent of which came from outside Germany. OSRAM is a high-tech company in the lighting industry. Around 60 percent of sales come from energy-efficient products. This global player employs more than 41,000 people worldwide, supplies customers in some 150 countries and has 48 production facilities in 17 countries.

About OSRAM Opto Semiconductors

OSRAM is part of the Industry sector of Siemens and one of the world's two leading lighting manufacturers. The subsidiary OSRAM Opto Semiconductors GmbH (Regensburg, Germany) offers its customers solutions based on semiconductor technology for lighting, sensor and visualization applications. The company employs more than 4,000 people worldwide and operates sites in Regensburg (Germany), Santa Clara (USA) and Penang (Malaysia). Sales for the fiscal year ending September 2007 totaled more than EUR 520 million. For more information, visit www.OSRAM-os.com .