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ATS Receives US$140 Million Of EV Orders
ATS Receives US$140 Million Of EV Orders Canada NewsWire CAMBRIDGE,...
About this update from Ats Corporation
[{"type":"text","content":"\n \n \n \n ATS Receives US$140 Million Of EV Orders\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CAMBRIDGE, ON\n \n \n ,\n \n \n Nov. 4, 2022\n \n \n /CNW/ - ATS Automation Tooling Systems Inc. (TSX: ATA) (\"ATS\" or the \"Company\") today announced its Industrial Automation business has received Order Bookings for the continued capacity expansion of automated battery module and pack assembly systems in\n \n North America\n \n from an existing global automotive customer. The combined Order Bookings are valued at approximately\n \n US$140 million\n \n (or approximately\n \n C$192 million\n \n at current exchange rates) and are subject to customary conditions.\n \n \n \n \n \n \n \n \n \n These Order Bookings include the design, build, and installation of turnkey battery assembly systems, and are part of a previously disclosed multi-phase enterprise program. They will be recorded in the Company's third quarter of fiscal 2023 and are expected to be executed over the next 18-24 months.\n \n \n \"We are excited to continue our momentum in the complex and quickly evolving EV market,\" said\n \n Andrew Hider\n \n , CEO of ATS. \"By building strong partnerships with key customers, and with an unrelenting focus on continuous improvement, we continue to be able to provide leading solutions that leverage the latest technologies to meet demands in this dynamic space.\"\n \n \n \n About ATS\n \n \n \n ATS is an industry-leading automation solutions provider to many of the world's most successful companies. ATS uses its extensive knowledge base and global capabilities in custom automation, repeat automation, automation products and value-added services including pre-automation and after-sales services, to address the sophisticated manufacturing automation systems and service needs of multinational customers in markets such as life sciences, food & beverage, transportation, consumer products, and energy. Founded in 1978, ATS employs over 6,000 people at more than 50 manufacturing facilities and over 75 offices in\n \n North Americ...