Stock Symbol: ATQ
Listing: Toronto Stock Exchange (TSX)
Web Site: www.adeptron.com
TORONTO, Oct. 16 /CNW/ - Adeptron Technologies Corporation (ATQ: TSX)
("Adeptron" or the "Company"), a specialist at delivering integrated product
solutions and support to the global electronics and related technologies
industries, announced today that it was selected to provide electronics
manufacturing solutions and services by an original equipment manufacturer
("OEM") of a top selling range of proprietary technology products that are
marketed worldwide. The value of electronics manufacturing services to be
provided by Adeptron to this technology-leading OEM is initially estimated at
over $15 million annually.
This new customer relationship is expected to positively affect
Adeptron's sales beginning in the fourth quarter of 2008. The full ramp-up of
manufacturing is anticipated to be achieved during the first quarter of 2009.
"Adeptron was selected by this multiple award-winning innovator for our
ability to provide full product support and services on a global basis," said
F. Michael Marti, CEO of Adeptron. "The annual sales value of this
relationship has the potential to increase significantly due to sales growth
of the product lines and from possible additional manufacturing support
services for other current and future products."
Marti continued, "The popularity of the technology and products provided
by this Canadian company is fast becoming a fixture in many educational
institutions, offices, meeting rooms and other work environments. Our
relationship with this market-leading company is a significant growth
opportunity for our Company."
Adeptron delivers product solutions and support for the complete product
life cycle to the global electronics and related technologies industries.
These solutions and support include design, prototyping, supply chain
management, manufacturing, assembly, testing, product assurance, distribution
and after-sales service. Adeptron, as part of an affiliated group of companies
in the Electronics Manufacturing Services (EMS) sector, having annual global
revenues of approximately $250 million, provides manufacturing services from
six facilities worldwide including Markham and Ottawa in Ontario, San Jose and
Livermore in California, Israel and through its partner, China. Adeptron's
facilities are ISO 9001:2000 registered.
Adeptron is a public company whose common shares are listed for trading
on The Toronto Stock Exchange under the symbol: "ATQ". Visit Adeptron at:
www.adeptron.com or www.investorfile.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.
For further information:
For further information: Adeptron Company Contact: F. Michael Marti,
President & Chief Executive Officer, Tel: (416) 705-6534,
email@example.com; Adeptron Investor Relations: Gerry Wimmer,
INVESTORFILE.com, Tel: (416) 360-8895, Toll Free: 1-888-894-8222,