Company: Adeptron Technologies Corporation
Stock Symbol: ATQ
Listing: Toronto Stock Exchange (TSX)
Web Site: www.adeptron.com
TORONTO, July 22 /CNW/ - Adeptron Technologies Corporation (ATQ: TSX)
("Adeptron" or the "Company"), a specialist at delivering integrated product
solutions and support to the global technology and electronics industry,
announced today that it was selected to provide Electronics Manufacturing
Services (EMS) to a major division of an original equipment manufacturer
("OEM") of scientific instruments and laboratory automation and integration
equipment with sales in excess of $US 10 billion annually. The initial value
of the electronics manufacturing services for this customer is estimated at
over $1 million annually for 2010 with sales having already started in 2009.
"End users of instruments in the science and medical fields are seeking
new and innovative ways to improve their efficiencies and ultimately cut costs
through the adoption of new technologies. In order to deliver this, our new
customer a world leader of high-end analytical instruments, has selected
Adeptron's EMS experience and know-how to deliver low-cost, high-quality
products to their end users," said F. Michael Marti, CEO of Adeptron.
Marti also stated, "Adeptron's ability to deal with complex mechanical
integration of fine tolerance products along with its core offering of
superior electronic assemblies allowed us to win this business and gives us
the opportunity to expand this relationship in the future."
About Adeptron:
Adeptron is a specialist at delivering integrated product solutions and
support to the global technology and electronics industry. As a leading global
provider of complete Electronics Manufacturing Services (EMS), Adeptron offers
world class manufacturing facilities and global partners throughout Canada,
the United States, Israel and China, allowing the Company to provide its
customers the flexibility and scalability to competitively achieve total
solutions to their present and future electronics outsourcing needs. Adeptron
is a public company whose common shares are listed for trading on the Toronto
Stock Exchange (TSX) under the symbol: "ATQ". Visit Adeptron at:
www.adeptron.com.
THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION
RELATING TO SUCH MATTERS AS EXPECTED FINANCIAL PERFORMANCE, BUSINESS
PROSPECTS, TECHNOLOGICAL DEVELOPMENTS, DEVELOPMENT ACTIVITIES AND LIKE
MATTERS. THESE STATEMENTS INVOLVE RISK AND UNCERTAINTIES, INCLUDING BUT NOT
LIMITED TO RISK FACTORS DESCRIBED IN DOCUMENTS FILED WITH REGULATORY
AUTHORITIES, SUCH AS THE COMPANY'S MOST RECENTLY FILED ANNUAL AND QUARTERLY
REPORTS AND ANNUAL INFORMATION FORM. ACTUAL RESULTS COULD DIFFER MATERIALLY
FROM THOSE PROJECTED AS A RESULT OF THESE RISKS AND SHOULD NOT BE RELIED UPON
AS A PREDICTION OF FUTURE EVENTS. ADEPTRON TECHNOLOGIES CORPORATION UNDERTAKES
NO OBLIGATION TO UPDATE ANY FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR
CIRCUMSTANCES AFTER THE DATE ON WHICH SUCH STATEMENT IS MADE, OR TO REFLECT
THE OCCURRENCE OF UNANTICIPATED EVENTS.
%SEDAR: 00012076E
For further information: Adeptron Company Contact: F. Michael Marti,
Chief Executive Officer, Tel: (416) 917-8520; Adeptron Investor Relations:
Gerry Wimmer, INVESTORFILE.com, Tel: (416) 360-8895, Toll Free:
1-888-894-8222, gwimmer@investorfile.com