Business
Omni-Lite receives new Sports and Recreation, Aerospace and Military orders
Omni-Lite receives new Sports and Recreation, Aerospace and Military orders.
About this update from Omni-lite Industries Canada Inc.
[{"type":"text","content":"\n\n\n\n\nOML - TSX VENTURE\n\nCERRITOS, CA, Sept. 22 /CNW/ - Omni-Lite Industries Canada Inc. is\npleased to announce that it has received two new orders in the Sports and\nRecreation Division. The total value of these orders is approximately\n$292,000. In addition, the Company has received several follow on orders in\nthe Aerospace Division. The total value of these orders is approximately\n$100,000. Due to the expertise and experience of Omni-Lite in the Military\nareas that it has pioneered, the Company has been awarded three research\nprojects by a large US Military supplier. These Military programs are to be\ncompleted in the fourth quarter of 2006. The total value of these Sports and\nRecreation, Aerospace and Military projects is approximately $415,000.\nThe sophisticated Electrical Discharge Machining System (EDM) first\nmentioned in a press release of July 28, 2006 has been delivered to the\nfacility in Cerritos, California. \"We are expecting the first components to be\nproduced from this system this week,\" stated Paul A. Burkey, President and\nCOO. \"These tooling components would normally take outside vendors five to six\nweeks to produce. The reduction of these critical lead times will markedly\nimprove the Company's efficiency.\"\nThe Company is pleased to announce that Mr. Dan Mielke has joined the\nCompany as Manager of Special Projects. Mr. Mielke has over 28 years\nexperience in the manufacturing and management areas. Most recently,\nMr. Mielke was the Director of Operations of a business in Southern California\nthat manufactured Micro Components. In May 2006, Omni-Lite purchased five\nmicroforming heading systems from this firm to initiate its microforming\ndivision. Mr. Mielke's expertise in the microforming area is anticipated to be\ncritical as Omni-Lite begins to develop this new business area.\n\nOmni-Lite is a rapidly growing high technology company that develops and\nmanufactures precision components utilized by approximately 100 companies\nincluding Boeing, Airbus, Alcoa, Daimler-Chrysler, the U.S. Military, Nike,\nadidas 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 an...