Business
Omni-Lite Industries announces new orders and prepares for 2014
OML-TSX VENTURE CERRITOS, CA , Dec. 18, 2013 /CNW/ - Omni-Lite Industries Canada I...
About this update from Omni-lite Industries Canada Inc.
[{"type":"text","content":"\n\n\nOML-TSX VENTURE\n\n\nCERRITOS, CA, Dec. 18, 2013 /CNW/ - Omni-Lite Industries Canada Inc. is\n pleased to announce approximately $553,000 US ($585,300 CAD) in new\n orders that include three divisions of the Company. Of these new orders\n 64 percent are in the Specialty Automotive division, 34 percent are in\n the Aerospace division and 2 percent are in the Sports and Recreation\n division.\n\n\nOf particular importance, the new efficiencies and production\n capabilities introduced in 2013 have enabled the Company to complete\n several critical development programs. These include the first article\n components for both U.S. Military Green Round programs, two programs\n for a major off-road vehicle OEM and the first article submission for a\n new brake program undertaken with a large tier one supplier to the\n automotive industry. The Company is working diligently with these\n customers to initiate the production of these components in early 2014.\n\n\nThe Company is particularly proud to announce that it has received a\n significant order for components utilized by Gulfstream, Bombardier,\n and Embraer in their executive jet programs. While initial components\n will be shipped in 2013, the majority of these parts will be delivered\n in 2014.\n\n\n\"The most important benefit of  the improvements implemented at\n Omni-Lite throughout the year has been the ability to complete\n challenging programs on a timely and efficient basis, providing better\n service to our world class customers,\" stated David F. Grant CEO. \n \"These enhancements will allow Omni-Lite to take on several new\n programs in the New Year. The engineering for some of these programs\n has already begun.\"\n\n\nOmni-Lite is a rapidly growing high technology company that develops and\n manufactures precision components utilized by several Fortune 500\n Companies including Boeing, Airbus, Alcoa, Ford, Caterpillar, Borg\n Warner, Chrysler, the U.S. Military, Nike, and adidas.\n\n\nExcept for historical information contained herein this document\n contains forward-looking statements. These statements contain known and\n unknown risks and uncertainties that may cause the Company's actual\n results or outcomes to be materially different from those anticipated\n and discussed herein. \n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider...