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Omni-Lite Industries Announces New Orders and Important Process Patent
Omni-Lite Industries Announces New Orders and Important Process Patent Omni-Lite I...
About this update from Omni-lite Industries Canada Inc.
[{"type":"text","content":"\n\n\n\nOmni-Lite Industries Announces New Orders and Important Process Patent\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nOmni-Lite Industries Announces New Orders and Important Process Patent\nCanada NewsWire\nCERRITOS, CA, April 5, 2016\n\n\n\n♦New bookings of over $781,000 US♦New patent for key manufacturing process\n\n\n\nCERRITOS, CA, April 5, 2016 /CNW/ - Omni-Lite Industries Canada Inc. (the \"Company\") (TSXV:OML; OTCQX:OLNCF) is pleased to note that it has received new contracts in the amount of $781,043 US.  Of these orders, approximately 63% are in the Aerospace division, 30% are in the Specialty Automotive division, and 7% are in the Sports and Recreational division.  This brings the total value of new orders announced in the last two months to $2,521,849 US.  Of these 61% are in the Aerospace division, 35% are in the Specialty Automotive division and 4% are in the Sports and Recreational division. At the US to CAD currency exchange rate of April 4, 2016, these orders are valued at approximately $3,280,540 CAD.\n\n\"The Company has received close to $1,500,000 US in new orders in the Aerospace division in the last two months,\" stated Allen Maxin, President.  \"Omni-Lite's multifaceted support of the aerospace industry is gaining traction as the Company continues to develop mission critical components utilized on most of the aircraft currently being manufactured.  To continue this growth in this expanding industry, Omni-Lite is in the final stages of negotiating another long term contract with a major tier one aerospace customer.  These long term contracts potentially contribute significantly to the backlog of the Company, which is now approximately twice what it was at the start of 2015.  The Company continues to maintain a book to bill ratio well in excess of 1.5.\"\n\nThe Company is also pleased to note that it has received the final notification from the US Patent Office accepting 12 of the Company's claims for a new patent that is key to manufacturing increasingly...