Omni-Lite Industries Announces New Orders and Updates Key Programs|
Omni-Lite Industries Canada Inc.
CERRITOS, CALIFORNIA, August 21, 2013 – Omni-Lite Industries is pleased to announce approximately $527,000 US ($544,486 CAD) in new orders that include three divisions of the Company. Of these new orders, 36 percent are in the Sports and Recreation division, 32 percent are in the Specialty Automotive division and 32 percent are in the Aerospace division.
"The Company is also pleased to note that it has completed the commercialization of a program in the Specialty Automotive division. This component is utilized in the heavy duty on and off-road diesels produced by several large engine manufacturers," stated David F. Grant, CEO. Omni-Lite is seeing additional interest in this field of green diesel technology. "This could become one of the fastest growing areas of the Company if current negotiations bear additional fruit."
The Company has received approval for a preproduction run for one of the green round programs that it has been developing for the U.S. military. The delivery of these products will complete the research and development aspects of the current contract award.
The Company has been included in a marketing program underway by the Canadian Consulate in Los Angeles. This program called "Success Stories" highlights three companies that have Canadian roots but currently have commercial operations in Southern California. The brochure developed will be utilized across the United States to illustrate the contributions that Canadian companies are making to the U.S. economy. In this regard, the Company is spending heavily on the training of new staff and technologies that will allow Omni-Lite to take on more technically challenging programs in the future. It is expected that these efforts will encompass a broad array of technologies. As a part of this program, the Company recently received the Hommel Measuring System it ordered in February, 2013. This system is capable of the rapid and consistent measurement of most of the key component characteristics that Omni-Lite monitors with an accuracy of approximately 0.1 microns or 0.000039 inches. The system is the same as that utilized by some of our customers in the major U.S. military programs that the Company is working on. This system and the options purchased are worth approximately $80,000 U.S.
Except for historical information contained herein this document contains forward-looking statements. These statements contain known and unknown risks and uncertainties that may cause the company's actual results or outcomes to be materially different from those anticipated and discussed herein.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information: David Grant, CEO, Tel. No. (562) 404-8510 x107, or (800) 577-6664 (Canada and USA), Fax. No. (562) 926-6913, email: firstname.lastname@example.org
|| Main Page | Investor Info | Profile / Divisions | Online Store | Contact Us | | Follow @OmniLiteInd ||