ATS awarded US$14.3 million order for pharmacy packaging automation
TSX: ATA
CAMBRIDGE, ON, July 3 /CNW/ - ATS Automation Tooling Systems Inc. today
announced it has been awarded a US$14.3 million order to design, build,
install and support a number of automated packaging systems for a
market-leading healthcare company.
This significant order, incorporating robotics, automated material
handling systems and ATS SmartVision technology, involves a number of systems
that are scheduled to be delivered and installed at a number of different
customer production sites throughout North America. The delivery of the first
system is scheduled for the end of calendar 2007 while the balance of the
order is planned for delivery in calendar 2008. The name of the customer
cannot be released due to customer confidentiality.
"The order obtained today is a valued win for us because it comes from a
new customer for ATS, a customer with a strong market position and ambitious
growth plans for the future," said Ron Jutras, ATS President and CEO. "As
such, we expect this first program to be the start of a valued long-term
business relationship between our companies. Our selection for this highly
strategic assignment demonstrates the value of our breadth of capabilities,
services, relevant experience, size and excellent reputation in our industry
and markets."
About ATS
ATS Automation Tooling Systems Inc. provides innovative, custom designed,
built and installed manufacturing solutions to many of the world's most
successful companies. Founded in 1978, ATS uses its industry-leading knowledge
and global capabilities to serve the sophisticated automation systems' needs
of multinational customers in healthcare, computer/electronics, automotive and
consumer products. It also leverages its many years of repetitive
manufacturing experience and skills to fulfill the specialized repetitive
equipment manufacturing requirements of customers. Through its solar business,
ATS participates in the growing solar energy industry and through its
precision components business it produces, in high volume, precision
components and subassemblies. ATS employs approximately 3,500 people at 24
manufacturing facilities in Canada, the United States, Europe, southeast Asia
and China. The Company's shares are traded on the Toronto Stock Exchange under
the symbol ATA. Visit the Company's website at www.atsautomation.com.
Forward Looking Statement
This press release contains certain statements that constitute
forward-looking information within the meaning of applicable securities laws
("forward-looking statements"). Such forward-looking statements involve known
and unknown risks, uncertainties and other factors that may cause the actual
results, performance or achievements of ATS, or developments in ATS's business
or in its industry, to differ materially from the anticipated results,
performance, achievements or developments expressed or implied by such
forward-looking statements. Forward-looking statements include all disclosure
regarding possible events, conditions or results of operations that is based
on assumptions about future economic conditions and courses of action.
Forward-looking statements may also include, without limitation, any statement
relating to future events, conditions or circumstances. ATS cautions you not
to place undue reliance upon any such forward-looking statements, which speak
only as of the date they are made. Forward-looking statements relate to, among
other things, the schedule for delivery of the automated packaging systems
announced herein. The risks and uncertainties that may affect forward-looking
statements include, among others, unexpected changes to delivery schedules,
including changes due to delays caused by material or labour shortages and
customer change order requests and other risks detailed from time to time in
ATS's filings with Canadian provincial securities regulators. Forward-looking
statements are based on management's current plans, estimates, projections,
beliefs and opinions, and ATS does not undertake any obligation to update
forward-looking statements should assumptions related to these plans,
estimates, projections, beliefs and opinions change.
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For further information: Carl Galloway, Vice President and Treasurer; Gerry Beard, Vice President and Chief Financial Officer, (519) 653-6500