ATS Automation Tooling Systems Inc. awarded $27 million
automation systems assignment in healthcare
TSX: ATA
CAMBRIDGE, ON, Sept. 12 /CNW/ - ATS Automation Tooling Systems Inc. today announced it has been awarded orders valued at approximately $27 million (US$23 million) to design, manufacture and install four identical automated manufacturing systems that will be used by an industry-leading multinational healthcare company. Work has commenced under the contract and the equipment will be designed and built primarily at the Company's Cambridge, Ontario operations and delivered between the fall of calendar 2006 and the summer of 2007. The customer name and further details of the contract could not be provided for confidentiality reasons. "This desirable assignment represents a continuation of our expanding work and involvement with this highly-valued strategic customer," said Ron Jutras, ATS President and Chief Executive Officer. "We are very pleased and excited to have been awarded this newest assignment that will make excellent use of our Automation Systems Group resources and capabilities and open additional future opportunities with this leading player in the healthcare segment." About ATS ATS Automation Tooling Systems Inc. (www.atsautomation.com) is the industry's leading designer and producer of turn-key automated manufacturing and test systems, which are used primarily by multinational corporations operating in a variety of industries including: automotive, computer/electronics, healthcare, and consumer products. ATS is also an emerging leader in the rapidly growing market for solar energy cells and modules. The Company also makes precision components and subassemblies using its own custom-built manufacturing systems, process knowledge and automation technology. ATS employs approximately 4,200 people at 26 manufacturing facilities in Canada, the United States, Europe and Asia-Pacific. The Company's shares are traded on The Toronto Stock Exchange under the symbol ATA. Certain forward-looking statements are made in this news release, including statements regarding possible future results and business. Investors are cautioned that such forward-looking statements involve risks and uncertainties. The Company's results could differ materially from those currently anticipated due to a number of factors including, but not limited to, the risks and uncertainties contained in the Company's fiscal 2005 MD&A and annual report and other risks detailed from time to time in ATS's periodic reports filed with Canadian regulatory authorities. %SEDAR: 00002017E
For further information: Ron Jutras, President and CEO; Carl Galloway, VP Treasurer; Gerry Beard, VP, CFO, (519) 653-6500