Business
Omni-Lite receives new contract, follow on orders and positive experimental results
Omni-Lite receives new contract, follow on orders and positive experimental results.
About this update from Omni-lite Industries Canada Inc.
[{"type":"text","content":"\n\n\n\n\nOML-TSX VENTURE\n\nCERRITOS, CA, Feb. 3 /CNW/ - Omni-Lite Industries Canada Inc. is pleased\nto announce that it has received a new contract from a major Tier 1 Aerospace\nsupplier in Southern California. This program reflects the growing order books\nof airframe manufacturers such as Boeing, who alone announced over 200 orders\nin December 2005. The component being developed is utilized in structural\napplications by most commercial and military aircraft platforms.\n\"The successful completion of this product development could lead to\nfurther orders from this large customer,\" stated Allen Maxin, VP of\nOperations. \"This new order, coupled with additional new orders received from\nan existing customer, on February 2,2006, will continue to drive the growth in\nOmni-Lite's Aerospace Division.\"\nOmni-Lite Industries Canada Inc. is pleased to announce that its\nassociated company, Omni-Lite E-FORM Technologies Inc., has received the\nmodified equipment necessary to continue its experiments into increased\nmaterial strength through grain size reduction. The first of these phase two\nexperiments, conducted last week, showed positive results. More detailed\nevaluations are to be conducted through transmissive electron microscope\nanalysis. These results will help to guide the next experiments in the\nprogram. To aid in the evaluation of stronger materials, Omni-Lite E-FORM has\nordered additional equipment to be delivered at the end of February 2006.\n\nOmni-Lite is a rapidly growing high technology company that develops and\nmanufactures precision components utilized by 140 companies including Boeing,\nAirbus, Alcoa, Daimler-Chrysler, the U.S. Military, Nike, adidas and Reebok.\n\nExcept for historical information contained herein this document contains\nforward-looking statements. These statements contain known and unknown risks\nand uncertainties that may cause the company's actual results or outcomes to\nbe materially different from those anticipated and discussed herein.\n\nTHE TSX-VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE\nINFORMATION CONTAINED HEREIN.\n\n\n\n","length":2154,"tagName":"div"}]