Business
Omni-Lite receives new orders in the Military, Aerospace, and Automotive divisions
OML-TSX VENTURE CERRITOS, CA, Dec. 17 /CNW/ - Omni-Lite is pleased to announce that it has receiv...
About this update from Omni-lite Industries Canada Inc.
[{"type":"text","content":"\n\n\n\nOML-TSX VENTURE\n\n\nCERRITOS, CA, Dec. 17 /CNW/ - Omni-Lite is pleased to announce that it\nhas received several new orders in the Military, Aerospace, and Automotive\ndivisions. The total value of these orders is approximately $403,000 US. One\nof the military orders is of particular significance because it places\nOmni-Lite at the forefront of a new development for the US Military. "To date\nin 2007, revenue from military orders shipped to customers is approximately\n$2.5 million, an increase of 93% over military orders shipped in all of 2006,"\nstated Allen W. Maxin, Vice-President of Operations. "The backlog of orders\nfor military products currently stands at an additional $2.3 million."\n\n\nIn late November, the Company received the second machine ordered as part\nof the Vision 2010 expansion program. It is anticipated that the third machine\nwill be delivered in late December of this year. At the end of the expansion\nprogram, the Company will have 36 cold forging systems, placing it as one of\nthe largest facilities offering these technologies in the world.\n\n\nOmni-Lite is a rapidly growing high technology company that develops and\nmanufactures precision components utilized by 50 companies including Boeing,\nAirbus, Alcoa, Chrysler, the U.S. Military, Nike, adidas and Reebok.\n\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\n\nTHE TSX-VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE\n\n\nINFORMATION CONTAINED HEREIN.\n\n\n","length":1803,"tagName":"div"}]