4.7.2007: Meldung: ATS awarded US$14.3 million order
This significant order, incorporating robotics, automated material handling systems and ATS SmartVision technology, involves a number of systems that are scheduled to be delivered and installed at a number of different customer production sites throughout North America. The delivery of the first system is scheduled for the end of calendar 2007 while the balance of the order is planned for delivery in calendar 2008. The name of the customer cannot be released due to customer confidentiality.
"The order obtained today is a valued win for us because it comes from a new customer for ATS, a customer with a strong market position and ambitious growth plans for the future," said Ron Jutras, ATS President and CEO. "As such, we expect this first program to be the start of a valued long-term business relationship between our companies. Our selection for this highly strategic assignment demonstrates the value of our breadth of capabilities, services, relevant experience, size and excellent reputation in our industry and markets."
ATS Automation Tooling Systems Inc. provides innovative, custom designed, built and installed manufacturing solutions to many of the world"s most successful companies. Founded in 1978, ATS uses its industry-leading knowledge and global capabilities to serve the sophisticated automation systems" needs of multinational customers in healthcare, computer/electronics, automotive and consumer products. It also leverages its many years of repetitive manufacturing experience and skills to fulfill the specialized repetitive equipment manufacturing requirements of customers. Through its solar business, ATS participates in the growing solar energy industry and through its precision components business it produces, in high volume, precision components and subassemblies. ATS employs approximately 3,500 people at 24 manufacturing facilities in Canada, the United States, Europe, southeast Asia and China. The Company"s shares are traded on the Toronto Stock Exchange under the symbol ATA. Visit the Company"s website at www.atsautomation.com.
Forward Looking Statement
This press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of ATS, or developments in ATS"s business or in its industry, to differ materially from the anticipated results, performance, achievements or developments expressed or implied by such forward-looking statements. Forward-looking statements include all disclosure regarding possible events, conditions or results of operations that is based on assumptions about future economic conditions and courses of action. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. ATS cautions you not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. Forward-looking statements relate to, among other things, the schedule for delivery of the automated packaging systems announced herein. The risks and uncertainties that may affect forward-looking statements include, among others, unexpected changes to delivery schedules, including changes due to delays caused by material or labour shortages and customer change order requests and other risks detailed from time to time in ATS"s filings with Canadian provincial securities regulators. Forward-looking statements are based on management"s current plans, estimates, projections, beliefs and opinions, and ATS does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change.
For further information
Carl Galloway, Vice President and Treasurer, Gerry Beard, Vice President and Chief Financial Officer, (519) 653-6500