Aerospace division advanced

Omni-Lite Industries Canada Inc.

August 20, 2001

Mr. David Grant reports

Omni-Lite has received first article approval for two aerospace components that are being manufactured for Huck International, Inc., a large Southern California aerospace company. Immediately subsequent to receiving approval the company began full-scale production. These components will be used in Boeing and Airbus aircraft. Of critical importance to the future of the company's aerospace division, over the last 12 months it has received a 98-per-cent quality rating from Fairchild Aerospace Fasteners. Over this period the company had a 100-per-cent acceptance rating with 0 per cent defects. "This level of engineering and production support from all the employees of Omni-Lite bodes well for continued growth in the aerospace division," stated Michael Walker, vice-president of research and development.

The company has also received a contract for the initial production of an airbag component for a European Automotive manufacturer. These components are currently under going first article inspection. The company's development efforts continue on the new components for Monogram Aerospace Fasteners and for the transmission components utilized by Daimler-Chrysler. To provide continued growth, effective Sept. 11, 2001, Tim Wang, PEng, will be joining the company as sales and business development manager. Tim has an honours degree in chemical engineering from the University of Waterloo, Ontario, and extensive experience in product and business development.

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