Stock Symbol: ATQ
Listing: Toronto Stock Exchange (TSX)
Web Site: www.adeptron.com
TORONTO, May 27 /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 Solutions ("EMS") to an original equipment manufacturer ("OEM"). This OEM is a world leading developer of technology used in smart grid applications to reduce energy use, provide security and enable automation. The technology has been applied to building automation systems, advanced metering infra-structure, and demand response programs to remotely control streetlights. Adeptron estimates that the value of products to be delivered to its customer from its San Jose, CA site will be approximately $1.5 million in the first full year after the initial ramp up period.
F. Michael Marti, CEO of Adeptron, stated, "Adeptron is proud to have been chosen by this growing customer to take over the assembly of some of these existing products in addition to the products we have traditionally supplied out of the San Jose site. We have recently recruited several new employees to upgrade and expand our skills and capabilities in this site in order to support this customer program, another new program announced last week, as well as other prospective business."
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.
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.
SOURCE ADEPTRON TECHNOLOGIES CORPORATION
For further information: For further information: Adeptron Company Contact: F. Michael Marti, President & Chief Executive Officer, Tel: (416) 705-6534, firstname.lastname@example.org; Adeptron Company Contact: Francis K. Lindayen, Chief Financial Officer, Tel: (905) 470-0109 x2223, email@example.com