27.8.2004: Meldung: ATS Automation Tooling Systems Inc.: ATS secures CDN $20.3 million in automation systems orders

ATS secures CDN $20.3 million in automation systems orders for use in flat panel display manufacturing
Thursday August 26, 8:30 am ET

TSX Symbol: ATA
CAMBRIDGE, ON, Aug. 26 / ATS Automation Tooling Systems Inc. today announced it has received US $15.5 million (CDN $20.3 million) in orders to design and build a number of fully-integrated, automated manufacturing lines for a major supplier of flat panel display materials.

The systems are scheduled to be built and delivered to the customer"s production plants in Asia in stages over the next 11 months. The orders are for a number of automated manufacturing systems that will be similar to previous systems ATS has built for the same customer in the recent past. Some of the systems will incorporate new concepts and enhanced vision inspection technology, developed by ATS, to achieve higher inspection rates and enhanced yields.

"Over the past five years, ATS has devoted significant resources to expand our process knowledge, build our technology base, and generate greater awareness for our unique customer-focused solutions in the flat panel display market," said Klaus Woerner, ATS President and Chief Executive Officer. "As this major order demonstrates, our deliberate, strategic market development investment is paying off handsomely. This large new assignment adds substantially to our order backlog and will make use of a number of our capabilities, including high accuracy and high speed vision inspection, precision material handling of highly fragile materials, and state of the art software analysis and process control tools for complex automation."

The assignment was secured by the Company"s US West Coast operations, which have proven expertise in flat panel display applications, but ATS"s overall depth of capabilities and its global presence - which includes an expanding footprint in Asia - were all instrumental in helping the Company to win this significant project. ATS will primarily use the resources of its US West Coast and Asian operations to build these systems under the contract. Based on discussions with the customer, ATS believes there is potential for additional significant follow-on orders in the future. The name of the customer cannot be disclosed because of confidentiality arrangements.

Added Mr. Woerner: "This order validates the strategic market development approach we"ve taken to target and align ourselves with the best customers and it reinforces our position as a leading automation solutions provider in the global flat panel display industry. It also helps to improve the utilization of strategic ATS facilities in regions that have faced economic and market challenges over the last couple of years."

About the flat panel materials market

Flat panel display shipments are estimated to be worth US $32.5 billion annually, currently representing about half of the total electronic display market. Through 2007, forecasts indicate the flat panel display market will grow at an average annual rate of almost 18% compared to 12% for the total electronic display market. Display materials experienced shipments of US $12 billion in 2002 and are projected to grow to approximately US $23 billion by 2008.

ATS has been active in the computer-electronics market since 1978 and in the flat panel display segment since 1995. Over the past five years, ATS has generated over $870 million in revenues from computer-electronics customers.

Corporate Description

ATS Automation Tooling Systems Inc. (www.atsautomation.com) is the industry"s leading designer and producer of turn-key automated manufacturing and test systems, which are used primarily by multinational corporations operating in a variety of industries including: automotive, computer/electronics, healthcare, and consumer products. The Company also makes precision components and sub-assemblies using its own custom-built manufacturing systems, process knowledge and automation technology. ATS is also an emerging leader in the rapidly growing market for solar energy cells and modules. ATS employs approximately 4,100 people at 26 facilities in Canada, the United States, Europe and Asia-Pacific. The Company"s shares are traded on The Toronto Stock Exchange under the symbol ATA.

Certain forward looking statements are made in this news release, including statements regarding growth prospects for the business and the impact of changes in management. Investors are cautioned that such forward- looking statements involve risks and uncertainties, including, without limitation, continued acceptance of ATS"s products, technologies, customer requirements and other risks detailed from time to time in ATS"s periodic reports filed with Canadian regulatory authorities.

For further information

Ron Jutras, Executive Vice President, C.O.O. and C.F.O., (519) 653-6500

Source: ATS Automation Tooling Systems Inc.
Aktuell, seriös und kostenlos: Der ECOreporter-Newsletter. Seit 1999.
Nach oben scrollen
ECOreporter Journalistenpreise