NANAIMO, BC, Sept. 16, 2019 /CNW/ - Atlas Engineered Products ("AEP" or the "Company") (TSX-V: AEP; OTC Markets: APEUF) is pleased to announce significant product expansions at its Satellite Building Components ("Satellite") facility in Merrickville, Ontario.
"The addition of new automated machinery and sophisticated design software has allowed us to offer our clients customized I-Joists, LVL options, and now most recently, open web floors," explained AEP CEO, Dirk Maritz. "These floor trusses are a cost-effective alternative to framing onsite, giving builders greater quality control and ensuring seamless integration with their wall and roof components. This expanded range of products has made Satellite a true turn-key solutions provider to our valued customers."
Custom built floor trusses and panels can be used on the smallest house to the largest commercial buildings. Satellite's specialized design software and manufacturing capacity ensures that the floors are square, with proper nailing patterns, with joists, beams, hangers and sheathing assembled and ready to be lifted into place onsite.
Established in 1974, Satellite was acquired by AEP on August 1, 2018 (see press releases dated July 13, 2018 and August 2, 2018). Satellite specializes in designing and supplying roof trusses and engineered floor joists throughout Eastern Ontario. Satellite Building Components and other AEP plants in BC and Ontario use laser precision, software and automation to manufacture engineered products, in a controlled indoor factory environment using standardized best practices.
About Atlas Engineered Products Ltd.
AEP is a growth company that is acquiring and operating profitable, well-established operations in Canada's truss and engineered products industry. We have a well-defined and disciplined acquisition and operating growth strategy enabling us to scale aggressively, giving us a unique opportunity to consolidate a fragmented industry of independent operators.
Forward Looking Information
Information set forth in this news release contains forward-looking statements. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: Risks and uncertainties relating to the Company, including those to be described in the Management's Discussion and Analysis ("MD&A") for the Company's three and six months ended June 30, 2019. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE Atlas Engineered Products Ltd.
For further information: Atlas Engineered Products Ltd., Dirk Maritz, CEO & President, Phone: 1-250-754-1400, Email: [email protected], Unit 102, 6551 Aulds Road, Nanaimo, BC V9S 5X9, www.atlasengineeredproducts.com; For investor relations please contact: Rob Gamley, Phone: 1-604-689-7422, Email: [email protected], Contact Financial Corp., 810 - 609 Granville St., Vancouver, BC V7Y 1G5