Business
OMNI-LITE INDUSTRIES RECEIVES FIRST CONTRACT FOR NANO-CRYSTALLINE BATTERY PROGRAM
Feb. 11, 2011 (Canada NewsWire Group) -- OML-TSX VENTURE CERRITOS, CA , Feb. 11 /CNW/ -...
About this update from Omni-lite Industries Canada Inc.
[{"type":"text","content":"\n\n\n\n Feb. 11, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nOML-TSX VENTURE\n\n\nCERRITOS, CA , Feb. 11 /CNW/ - Omni-Lite Industries Canada Inc. is\n pleased to announce that it has received an initial order from the\n hybrid battery manufacturer mentioned in a press release in September\n of 2010. The batteries manufactured by this U.S. firm are based on a\n propriety nanotechnology. This order is for the engineering, tooling\n and product development aspects of a program which will culminate in\n the submission of first article components for review and evaluation.\n "Due to schedule constraints, the customer has a short timeline for the\n development of this product and as a result the Company expects to be\n in production by the start of the third quarter of 2011. This product\n line is expected to continue to ramp up over the next three years,"\n stated Michael K. Walker, VP of Research and Development. "If this\n program is successful, the customer has a second product line that it\n would like to develop with Omni-Lite in the latter part of the year."\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\nTHE TSX-VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE\n INFORMATION CONTA...