Magna SmartLatch™ locks up 2016 PACE Award

A new paradigm for automotive door latches, operates 100% electronically

AURORA, ON, April 19, 2016 /CNW/ - Magna International Inc. has been selected as a 2016 Automotive News PACE Award winner for its SmartLatch™ electronic side-door latch system, the company's fourth PACE Award in the last six years.

(Photo: http://photos.prnewswire.com/prnh/20160419/357106)

"Our thanks to the judges for recognizing SmartLatch with a PACE Award," said John O'Hara, president of Magna Closures. "Development of the industry's first electronic side-door latch demonstrates our commitment to innovation and should reinforce our leading global market position in automotive latching systems."

SmartLatch represents a new paradigm for side-door latches by operating 100% electronically, with no cables, rods or moving handles in the door. The industry-first application of the latch was on the BMW i8, with the system launching soon on a new luxury sedan. Over the next few model years, SmartLatch will launch on a number of additional programs with other customers.

Key benefits of SmartLatch to automakers include significant weight savings compared to mechanical latches, a reduced number of components, the flexibility to be used in any type of car or truck, as well as improved safety, sound quality and vehicle styling. As a result of the elimination of the lock rods, release cables and handles, SmartLatch provides an innovative, lower-cost door latching system to global automakers.

"We continually strive to deliver smarter products to our customers, which can enhance the comfort and convenience of the person driving the vehicle," said Swamy Kotagiri, Magna's Chief Technology Officer. "SmartLatch is a great example of the innovation strategy, forward thinking and growth opportunities we are capitalizing on because of our competitive position in the global marketplace."

The Automotive News PACE Awards celebrate the innovations and achievements of automotive suppliers in moving the industry forward. PACE (Premier Automotive Suppliers' Contribution to Excellence) winners were announced at the 22nd annual awards ceremony on April 11, 2016, in Detroit, Michigan.

About Magna International
We are a leading global automotive supplier with 305 manufacturing operations and 93 product development, engineering and sales centres in 29 countries. We have over 139,000 employees focused on delivering superior value to our customers through innovative products and processes, and World Class Manufacturing. Our product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as complete vehicle engineering and contract manufacturing. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit our website at www.magna.com.

THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE "FORWARD-LOOKING STATEMENTS" UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA'S REGULATORY FILINGS.  PLEASE REFER TO MAGNA'S MOST CURRENT MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA'S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA'S WEBSITE AT WWW.MAGNA.COM.

SOURCE Magna International Inc.

Image with caption: "SmartLatch represents a new paradigm for automotive door latches by operating 100% electronically, with no cables, rods or moving handles in the door. The system was recently recognized with an Automotive News PACE Award, which celebrate the innovations and achievements of automotive suppliers. (CNW Group/Magna International Inc.)". Image available at: http://photos.newswire.ca/images/download/20160419_C7817_PHOTO_EN_669185.jpg

For further information: Tracy Fuerst, Director, Corporate Communications & Media Relations, (248) 631-5396, Tracy.fuerst@magna.com

RELATED LINKS
http://www.magna.com

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