ATS WINS $20 MILLION DOLLAR AUTOMATION SYSTEMS ORDER FROM GROWING U.S. HEALTHCARE COMPANY
Stock Symbol: ATA
CAMBRIDGE, ON, June 14 /CNW/ - ATS Automation Tooling Systems Inc. today announced it has been awarded a U.S. $13.6 million ($20 million Canadian) order to design and build an automated manufacturing system for a leading U.S.-based designer, developer, manufacturer and marketer of advanced medical devices. The order is subject to the completion of a supply contract, which is expected shortly.
The automated product assembly system, to be installed by mid year calendar 2000, will feature a broad range of ATS capabilities, including applications in high demand in medical manufacturing such as clean room, data collection, product tracing and identification systems. ATS facilities in Cambridge, Ontario and Corvallis, Oregon will share system development.
In commenting on the order, ATS President and Chief Executive Officer Klaus Woerner said: ``This is one of the largest single automation systems orders in ATS history. But this new business, with a first-time customer, is important to ATS in a variety of ways beyond its dollar value. It represents the continued fulfillment of both our diversification strategy and our drive to penetrate growing new markets, in particular, healthcare. It also validates the fact that we can add value to technologically advanced companies such as those in the rapidly advancing medical market. And overall, it shows that automation can be central to the healthcare industry's drive
to enhance efficiency and lower production costs.''
ATS Automation Tooling Systems Inc. (Internet website address: www.atsautomation.com) is one of North America's leading designers and producers of turn-key automated manufacturing and test systems, which are used primarily by multinational corporations operating in a variety of industries: automotive, computer/electronics, consumer products and healthcare. The Company also makes precision components and sub-assemblies using its own custom-built manufacturing systems, process knowledge and automation technology. ATS employs approximately 2,400 people at 19 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 business. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of ATS' products, technologies, customer requirements and other risks detailed from time to time in ATS' periodic reports filed with Canadian regulatoryauthorities.
For more information:
Ron Jutras, Chief Financial Officer