STAMFORD, CT – August 5, 2010 – HARMAN, the premium global audio and infotainment group (NYSE: HAR), announced today that it has been awarded a multi-year contract to supply integrated infotainment systems for Chrysler Group and Fiat vehicles sold worldwide. The new award is based on Harman’s scalable, next-generation infotainment platform and includes advanced connectivity, integrated on-board navigation and audio tuning capabilities.
“We are delighted to extend our long-standing relationship with Chrysler Group to Fiat,” said Dinesh C. Paliwal, Harman’s Chairman, President and CEO. “We are honored by both automakers’ confidence in Harman and the opportunity to serve two leading global automotive brands. We look forward to working with Chrysler Group and Fiat to deliver solutions blending high performance with scalable, next-generation features for their customers around the world.”
The new award builds upon a long-standing relationship under which Harman has provided both branded audio and infotainment systems to Chrysler Group.
HARMAN (www.harman.com) designs, manufactures and markets a wide range of audio and infotainment solutions for the automotive, consumer and professional markets – supported by 15 leading brands including AKG®, Harman Kardon®, Infinity®, JBL®, Lexicon® and Mark Levinson®. The Company is admired by audiophiles across multiple generations and supports leading professional entertainers and the venues where they perform. More than 20 million automobiles on the road today are equipped with HARMAN audio and infotainment systems. HARMAN has a workforce of about 11,000 people across the Americas, Europe and Asia, and reported sales of $3.4 billion for fiscal year ended June 30, 2010. The Company’s shares are traded on the New York Stock Exchange under the symbol NYSE:HAR.