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Earthquake Impact on Alpine’s Operations (Update 2)

Back March 18, 2011

Update 2 - March 18, 2011

Alpine Electronics of America, Inc. again would like to express our sincere condolences to the victims of the March 11th earthquake in Japan, and for the people in the afflicted areas who remain effected by this disaster.

Japan Operations
Due to inadequate gasoline supply and suspended water service, shutdown of Alpine’s Headquarters and affiliated facilities in Fukushima Prefecture has been expanded one week, until March 25th.

However during this period, special task force teams, including executive management, continue to work on recovery operations. Once gasoline and water supplies are resumed, a relatively quick recovery of business operations is possible.

Alpine has been contacting parts suppliers in Japan to verify their status following the earthquake, and a number of suppliers appear to have suffered significant damage to their operations. We will continue with our investigations, however some level of difficulty in procuring parts can be expected.

Regarding the situation at the nuclear power plants in northern Fukushima, Alpine continues to monitor the situation and heed the orders of the Japanese government. Evacuation orders have not been issued for the region where Alpine’s facilities are located.

There is no change to the business operations of Alpine Electronics of America. We continue to fully support our headquarters in Japan and hope for a speedy recovery to the damaged regions.

Update 1 - March 15, 2011

Alpine Electronics of America, Inc. would like to express our sincere condolences to the victims of the March 11th earthquake in Japan, as well as our gratitude to all of our North American customers, business partners and those in the general public who have expressed concern for our employees at our Headquarters facility in Iwaki City, Fukushima Prefecture. We are relieved to announce that there have been no reported injuries to Alpine employees either at our Iwaki Headquarters or affiliated companies in Japan. In addition, the well-being of Japan-based family members of Alpine Electronics of America employees has been confirmed.

Japan Operations
As Alpine’s global Headquarters are located in the Fukushima Prefecture, facilities there suffered some damage due to the earthquake. Administrative offices and manufacturing plants are now being evaluated regarding the extent of the damage. Once the safety of the facilities is confirmed, operations will resume. In the meantime, Alpine’s Iwaki Headquarters and its local Iwaki affiliate companies will be closed from Monday, March 14 through Monday, March 21. During the closure, limited personnel will continue to work towards restoring manufacturing and operations. As aftershocks occur, the Alpine Group will continue to confirm the safety of our employees and their families, and is committed to supporting them as our top priority.

In addition to the issues mentioned above, the threat caused by radiation leakage of nuclear power plants approximately 50 km north of Iwaki remains to be of concern. Alpine continues to monitor the situation and heed the orders of the Japanese government. At this time, evacuation orders are in place for regions within a 30 km perimeter of the nuclear plants and have not been issued for the region where Alpine’s facilities are located.

North American Operations
Alpine offices in North America are continuing with normal business operations.

For Aftermarket products sold in North America, there is no immediate impact on product supply as a majority of our products are manufactured in China, plus there is an adequate supply of inventory on-hand or in transit.

Regarding supply of OEM products to car manufacturers, we are working closely with our car customers and suppliers to assess any risk of future product delays or shortages.

Future Business Outlook
The damage to the Japan public infrastructure is severe and it is unclear when manufacturing and shipments will return to normal levels. Alpine will continue to remain in close contact with our customers as more information becomes available. We ask for your understanding during this unexpected and unfortunate situation, as well as your ongoing cooperation and support.

All of us at Alpine Electronics of America, Inc. express our sincere hopes for the earliest possible relief and recovery of the affected areas in Japan, and remain committed to doing everything in our power to support the resumption of Alpine’s operations in Japan.

Notice: Product information is based upon current information at the time of writing, but cannot be guaranteed. All designs, features, specifications and delivery dates are subject to change without notice.

Alpine Media Contact(s):

Alpine Electronics of America, Inc.
AlpinePressRoom@alpine-usa.com