CERRITOS, CA , Feb. 11 /CNW/ - Omni-Lite Industries Canada Inc. is
pleased to announce that it has received an initial order from the
hybrid battery manufacturer mentioned in a press release in September
of 2010. The batteries manufactured by this U.S. firm are based on a
propriety nanotechnology. This order is for the engineering, tooling
and product development aspects of a program which will culminate in
the submission of first article components for review and evaluation.
"Due to schedule constraints, the customer has a short timeline for the
development of this product and as a result the Company expects to be
in production by the start of the third quarter of 2011. This product
line is expected to continue to ramp up over the next three years,"
stated Michael K. Walker, VP of Research and Development. "If this
program is successful, the customer has a second product line that it
would like to develop with Omni-Lite in the latter part of the year."
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.
THE TSX-VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE
INFORMATION CONTAINED HEREIN.
SOURCE Omni-Lite Industries Canada Inc.
For further information:
Mr. Tim Wang, CFO
Tel. No. (562) 404-8510 or (800) 577-6664 (Canada and USA)
Fax. No. (562) 926-6913, email: email@example.com