CERRITOS, CA, Feb. 12, 2016 /CNW/ - Omni-Lite Industries Canada Inc. (the "Company") (TSXV:OML) (OTCBB:OLNCF) is pleased to announce that it has received a new $3,045,000 US (approximately $4,263,000 CAD), three year contract from a major tier one aerospace customer. Additional value could accrue to this program as this contract can be amended to include new components at anytime during the contract term. The Company is working with this customer to develop a series of new components to meet the production scale robotic assembly requirements demanded by the aerospace system integrators.
"This contract expands significantly on the projects we have undertaken for this customer over the last 10 years and represents a tremendous vote of confidence in the state of the art engineering and manufacturing facility that the Company has built in Southern California," stated Allen Maxin, President. "The aerospace industry is expected to show significant growth over the next decade. The Company has made a major long term effort to be an important contributor in this industry."
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Alcoa, Ford, Borg Warner, Chrysler, the U.S. Military, and Nike.
Except for historical information contained herein this document contains forward-looking statements. These statements contain known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Omni-Lite Industries Canada Inc.
For further information: Mr. Tim Wang, CFO, Tel. No. (562) 404-8510 or (800) 577-6664, Fax. No. (562) 926-6913, email: email@example.com, Website: www.omni-lite.com