Omni-Lite receives two new aerospace orders
Omni-Lite Industries Canada Inc.
May 4, 2006
Omni-Lite Industries Canada Inc. has received two new orders in the aerospace division. These contracts are from two long-term customers based in Southern California. As the major airframe manufacturers increase production to meet record order backlogs, Omni-Lite anticipates further growth in the aerospace division.
The company is also pleased to announce that it has negotiated the purchase of 12 new cold forging systems with a list price of over $5.8-million (U.S.). These systems will significantly increase the company's capabilities in that five of these state-of-the-art machines will have six forming stations, allowing the development of more complex components. One of the machines will be the largest ever ordered by Omni-Lite, increasing the company's capabilities in the larger size ranges. It is anticipated that three machines will be delivered each year from 2007 to 2010. These machines will bring the total number of cold forging systems in the company's California facility to 32.
"These purchases represent the largest in the company's history and fulfill our requirements as identified in our Vision 2010 plan approved by the board of directors in December, 2005," stated Paul A. Burkey, president and chief operating officer. "This order solidifies Omni-Lite as one of the pre-eminent suppliers of this technology in the world."
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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