Omni-Lite receives contracts from Fairchild

Omni-Lite Industries Canada Inc
OML-CDNX

Tuesday Feb 8 2000

Mr. Mikel Damke reports
Omni-Lite has been awarded numerous contracts by Fairchild for the delivery of components to its aerospace division and partners. It is anticipated that these contracts are the first of many to support several long-term projects at Fairchild. "These contracts represent the first major step to securing very large high-technology projects in the lucrative aerospace industry," stated David Grant. Details of these contracts will be made available over the next several weeks. The company has now successfully completed the first production run of the second generation link for the U.S. Army and the North Atlantic Treaty Organization (NATO). This technically challenging project and the innovative solution developed by Omni-Lite will lead to further U.S. patents that can open the door to many new revenue streams. This component can be produced efficiently over a long-term basis.

The Volkswagen (www.vw.com) airbag component will move to final approval in February. Production quantities of this product should be shipped in March, further enhancing the company's automotive division and relationship with Volkswagen and its suppliers.

THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

| Main Page | Investor Info | Profile / Divisions | Online Store | Contact Us | | |
Copyright © 2000-2016 Omni-Lite Industries.  All Rights Reserved.