Exhibit
99.(a)(1)(i)
To All
Sypris Optionees Eligible to Participate in the Offer to Exchange:
REMINDER
— If you are electing to exchange any of your Eligible
Grants under the Stock Option Exchange Program, the deadline to deliver your
Election Form is May 1, 2008 at 5:00 p.m. Eastern Time.
We cannot
accept late submissions, and therefore we urge you to respond early to avoid any
last minute problems.
Even if
you are not electing to tender any of your outstanding Eligible Grants for
exchange, please submit a completed Election Form indicating that you wish to
keep your Eligible Grants.
If you
have questions regarding the Stock Option Exchange Program, contact
andrea.luescher@sypris.com or call (502) 329-2029.