Omni-Lite Industries receives two aerospace orders
Omni-Lite Industries Canada Inc.
March 30, 2006
Omni-Lite Industries Canada Inc. has received two new orders in the aerospace division. One of these orders is from a long-term customer based in Southern California. The larger order is from a new customer that visited the Omni-Lite facility the week of March 20, 2006. These aerospace components are used in various applications across both military and commercial platforms. "With these new orders the company's backlog in the aerospace division continues to grow," stated Paul Burkey, president and chief operating officer. "It is our understanding that these aerospace orders will continue for several years."
Omni-Lite's associated company, Omni-Lite E-Form Technologies Inc., has manufactured the first component from a nanostructured material. The component exhibited excellent forming characteristics. E-Form is now evaluating the ultimate material strength and structural characteristics of this prototype product.
As one of Omni-Lite's initiatives to encourage energy conservation and to increase environmental awareness, the company is offering $5,000 (U.S.) to each employee who purchases a hybrid automobile. This incentive will be in addition to the tax incentives offered by the U.S. federal government.
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.
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