COMPANY DESCRIPTION 2001 STRATTEC Annual Report 7 ADVANCED DEVELOPMENT ALLIANCE Additionally, through WiTTE-STRATTEC LLC, the two companies will jointly own the intellectual property rights for any products that result from the coordinated activities of their respective research and development resources. The second initiative is a 50-50 joint venture company, WiTTE-STRATTEC LLC, which is the corporate entity through which we and WiTTE are pursuing emerging markets outside of Europe and North America. America, and allows WiTTE to manufacture, market and sell STRATTEC products in Europe. In this way, both STRATTEC and WiTTE have established international reach for their respective products and services, while sharing the potential profits of those products sold outside of their respective home markets. Our alliance with WiTTE-Velbert Gmbh consists of two main initiatives. The first is a set of cross- licensing agreements which allows STRATTEC to manufacture, market and sell WiTTE products in North Research and development activities are centered around a dedicated research engineering staff we call our Advanced Development Group. This Group has the responsibility for developing future products and processes that will keep us in the forefront of the markets we serve. Projects we are pursuing focus on electronic and mechanical access control products, modularization of related access control components, and new manufacturing processes to reduce costs for ourselves and our customers. also makes zinc die cast components for other manufacturers. Assembly is performed at the Milwaukee location and at our primary assembly facility, located in Juarez, Mexico.  STRATTEC de Mexico Assembly Facility E — Rear Compartment Latches Deck Lid/ Trunk Locks Outside Door Handles Seat-back Latches Steering Column Ignition Locks Door Locks Door Latches Inside Door Handles Glove Box Lock Hood Latches