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Media release17. April 2009

Leoni Awarded with PSA Peugeot Citroën Ecotech Award 2008

Supplier successfully supports French car manufacturer in increasing significant technical productivity

The wire, cable and wiring systems specialist Leoni has been awarded with the PSA Ecotech Award in the category “cost management”. PSA Peugeot Citroën recognized Leoni’s 2008 performance for its remarkable contribution to the car manufacturer’s cost effectiveness. Leoni delivers harnesses and wiring systems for several cars like Peugeot 308 and 407 or Citroën C2, C3 and C5.

After 2005 and 2006, Leoni has now again been honoured by PSA Peugeot Citroën, one of its largest customers, for the positive economic impact of the partnership in 2008. This third PSA Ecotech Award reflects in particular Leoni’s significant contribution to PSA’s business performance in the field cost management. The car manufacturer highly esteems the technical savings achieved during the previous year and potential savings expected in 2009 thanks to Leoni’s decisive technical innovations for their harnesses and wiring systems.

“We are happy, that our R&D efforts for PSA Peugeot Citroën have again been appreciated and led to that valuable distinction. Especially in the current difficult times of crisis, we perceive the PSA Ecotech Award as a big motivator for our company. Especially in the very difficult context of the extreme market conditions right now this way of reducing cost will be the more powerful leverage to stay competitive and gain new market opportunities,” states Uwe H. Lamann, member of the Leoni AG Management Board and President of the Wiring Systems Division. “It is as necessary to use all mutual experience and design knowledge of both customer and supplier in a combined effort to reduce costs, as it is important that such cooperation fosters mutual motivation and leads to a true win-win situation for both sides.”

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