EXHIBIT 99.1

     LAKELAND, FL. (September 18, 1998) - BREED Technologies, Inc. (NYSE:BDT) 
announced today that it has resolved the remaining items that it previously 
announced were being discussed with the Staff of the Securities and Exchange 
Commission. Following the Company's September 2, 1998 meeting with the Staff of 
the Commission, it provided the Staff supplemental information relating to the 
repositioning charge and additional information relating to a $15.5 million 
special charge recorded by the Company during the quarter ended December 31, 
1997 relating to expected losses under a contract with a European OEM. After 
providing such information, the Staff has concurred with the Company's 
accounting treatment of the special charge. In addition, the Company has 
resolved the remaining outstanding items with the Staff regarding certain 
supplemental disclosures and charges and, as a result, the Company will not be 
required to make further supplemental disclosures or modify the repositioning 
and other special charges incurred during the quarter ended December 31, 1997 
other than as previously announced and as described below. 

     As previously announced, as a result of its September 2, 1998 meeting with 
the Staff of the Commission, the Company has agreed to make certain supplemental
disclosures in amendments to previously filed documents and to restate its 
financial statements for certain prior periods. Accordingly, the Company intends
to file restated financial statements for the second fiscal quarter ended 
December 31, 1997 and the third fiscal quarter ended March 31, 1998 that will 
reflect the accounting for the write-down of goodwill and certain long-lived 
assets under a methodology consistent with the Staff's views. The restatement 
will not have a material adverse effect on previously reported results of 
operations.

     The Company expects to file certain amendments to previously filed 
documents as well as its Annual Report on Form 10-K for the fiscal year ended 
June 30, 1998 and to release earnings for the fourth quarter and fiscal year as 
soon as practicable.

     This press release includes certain statements regarding, among other 
things, the expected financial statement impact of the resolution of various 
items with the SEC Staff, which statements constitute forward-looking statements
within the meaning of the Securities Act of 1933 and the Securities Exchange Act
of 1934. Such statements are subject to certain risks and uncertainties that 
could cause actual results to differ materially from those projected. Such 
statements are subject to risks relating to, among other things, the outcome of 
the Company's discussions with the SEC Staff, which is not within the Company's
control. The Company's management believes these forward looking statements are 
reasonable; however, undue reliance should not be placed on such forward looking
statements, which are based on current expectations.

     Headquartered in Lakeland, Fla., the Company is the world's third largest 
supplier of complete automotive occupant protection systems. The Company 
supports its growing list of automotive customers with advanced engineering, 
testing and manufacturing facilities located in 13 countries around the world.

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