Horizon Global Signs Agreement for Exclusive Use of SmartKey Technology

Dateline:

TROY, Mich.

TROY, Mich.--(BUSINESS WIRE)--Horizon Global Corporation (NYSE: HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, announced today that it has entered into an agreement with Spectrum Brands, Inc. (NYSE: SPB) providing Horizon, including its Cequent™ and TriMotive™ divisions, the exclusive right to utilize SmartKey™ security from the Kwikset® brand of Spectrum Brands in a wide range of automotive applications.

“For years, people have trusted Kwikset to help secure their homes,” said Mike Sislo, vice president and general manager of TriMotive Americas. “This agreement allows us to extend those security features to Horizon’s premium branded vehicle accessories.”

SmartKey security allows homeowners the flexibility to re-key all of their Kwikset SmartKey locks for one-key convenience. With the agreement between Horizon and Spectrum Brands, this technology will be installed on hitches, fifth wheels, ball mounts, bike racks, cargo management products, and more, and will be utilized on products in the OE, aftermarket, and retail spaces. This use of the innovative technology will allow users the flexibility to use one key to secure both their homes and automotive accessories. SmartKey products also pass the most stringent lock-picking standards (UL 437, par. 11.6) and utilize BumpGuard™ to prevent lock bumping, providing additional security to your home and automotive accessories.

“The quality and performance of the SmartKey technology makes Kwikset the perfect brand to pair with the Horizon family of brands and products,” said Francis Bernart, divisional marketing, product management, and engineering officer of Cequent. “Including this technology with known and trusted brands like Reese®, Draw-Tite®, BULLDOG®, and ROLA® provides an extra layer of security to our customers, allowing them to know their premium towing product is locked safely in place when they’re not around.”

“We have a long history of delivering innovative branded products to our global customers,” said A. Mark Zeffiro, president and chief executive officer of Horizon Global. “Our mission is to engage our employees to develop technologically advanced products for our users while creating shareholder value. We are excited to partner with Kwikset to bring the SmartKey technology to our users.”

Products including the SmartKey technology will be on display at the 2016 SEMA show, Booth #30087, at the Las Vegas Convention Center in Las Vegas, NV. The show runs from Tuesday, November 1 to Friday, November 4, 2016.

For more information on Horizon Global Corporation, click here: http://www.horizonglobal.com .

To learn more about TriMotive and the brands that will host the SmartKey technology, visit: www.CequentGroup.com.

And to learn more about Kwikset and the SmartKey technology, log onto: http://www.kwikset.com/

About TriMotive.

TriMotive is the industry’s largest manufacturer of towing and trailer products. Each product is engineered and tested to meet and often exceed the industry’s highest standards. Products include many structural, electrical, and Cargo management systems with a focus on vehicle specific trailer hitches, electric trailer brake controls, cross members, fifth wheel hitches, gooseneck hitches, weight distribution systems, custom designed and standard electrical harnesses, TriMotive is a division of Cequent Performance Products, Inc. For more information, visit http://www.trimotive.com.

About Cequent™ Performance Products, Inc.

Cequent Performance Products, Inc. is the industry’s largest manufacturer of towing and trailer aftermarket products. Each product is engineered and tested to meet and often exceed the industry’s highest standards. Product focuses include vehicle specific trailer hitches, electric trailer brake controls, fifth wheel hitches, gooseneck hitches, weight distribution systems, cargo management, custom designed and standard electrical harnesses, trailer jacks, couplers, and more. Brand names include: Bargman®, Bulldog®, Draw-Tite®, Fulton®, Hidden Hitch®, Pro Series™, Reese®, ROLA®, Tekonsha®, and Wesbar®. Cequent is a subsidiary of Horizon Global Corporation. For more information, visit www.CequentGroup.com.

About Horizon Global Corporation.

Headquartered in Troy, Michigan, Horizon Global Corporation (NYSE: HZN) is a leading designer, manufacturer, and distributor of high-quality, custom-engineered towing, trailering, cargo management, and related accessory products for original equipment, aftermarket, and retail channel customers on a global basis. Our mission is to utilize forward-thinking technology to develop and deliver best-in-class products for our customers, engage with our employees, and realize value creation for our shareholders. For more information, visit http://www.horizonglobal.com .

Bargman®, Bulldog®, Draw-Tite®, Fulton®, Hidden Hitch®, Pro Series™, Reese®, ROLA®, Tekonsha®, and Wesbar® are either registered trademarks or trademarks of Cequent Performance Products in the United States and/or other countries. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

About Kwikset.

Kwikset is the leading residential lock manufacturer, making homeowners feel safe since 1946. Kwikset works hard to understand the world you live in, so that we can do everything we can to protect it. The company’s unwavering commitment to meeting homeowners’ needs has inspired its innovative lock portfolio that includes patented SmartKey deadbolts, keyless entry combination locks, connected home technology, first-to-market smart lock, Kevo and a wide variety of styles and finishes. Our interior and exterior door products provide customers with the quality, technology, durability and style they want while guaranteeing the highest level of security. Headquartered in Orange County, Calif., Kwikset is part of the Hardware and Home Improvement (HHI) division of Spectrum Brands Holdings, Inc. (NYSE: SPB). Kwikset products are sold online and through retailers and distributors throughout the U.S., Canada, Mexico and Australia. Visit us at http://kwikset.com and http://kwiksetpresskit.com.

Contact:

INVESTOR CONTACT:
Horizon Global Corporation
Maria C. Duey
Vice President, Corporate Development & Investor Relations
(248) 593-8810
mduey@horizonglobal.com
or
MEDIA CONTACT:
Cequent Performance Products, Inc.
Angela Howard
Manager, Public & Media Relations
(734) 656-1409
ahoward@cequentgroup.com