VANCOUVER, Oct. 29, 2015 /CNW/ - Avigilon Corporation ("Avigilon" or the "Company") (TSX: AVO), trusted provider of business intelligence and security solutions, today announced the early completion of its U.S. manufacturing facility ("U.S. Facility") in Plano, Texas, two months ahead of schedule.
Avigilon's new 40,000 square foot U.S. Facility features state-of-the-art equipment and enables U.S. customers to order and receive Avigilon's patented solutions quickly and efficiently. The U.S. Facility is fully operational and able to produce Avigilon's entire product line; all of Avigilon's U.S. orders are now being fulfilled and shipped from the U.S. Facility.
"With the early completion of the U.S. Facility, we're very proud to double our global manufacturing capacity to support more than $1 billion in revenue per year," said Manny Gill, Vice President, Global Manufacturing and Supply Chain. "The U.S. Facility improves Avigilon's manufacturing scalability and increases its capacity to better serve the U.S. market. Our experienced team is excited to manufacture Avigilon's entire innovative product line at this world-leading facility."
All figures are in Canadian dollars unless otherwise stated.
Avigilon Corporation, trusted provider of business intelligence and security solutions, develops, manufactures, and sells video analytics, network video management software and hardware, surveillance cameras, and access control.
© 2015, Avigilon Corporation. AVIGILON and the AVIGILON logo are trademarks of Avigilon Corporation.
Certain information and statements in this news release contain and constitute forward-looking information or forward-looking statements as defined under applicable securities laws (collectively, "forward-looking statements"). Forward-looking statements normally include words like 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing' and similar expressions, and within this news release include, without limitation, statements (express or implied) respecting: Avigilon's mission, strategies, expected outcomes, and objectives; and projected growth, revenues, increases to manufacturing capacity, and improvements to delivery times.
Forward-looking statements are not guarantees of future performance, actions or developments and are based on management's expectations, assumptions and other factors that management currently believes are relevant, reasonable and appropriate in the circumstances including, without limitation: the assumption that Avigilon will be able to successfully execute its mission, strategies and objectives; the assumption that the business and economic conditions affecting Avigilon's operations will continue substantially in their current state, including with respect to industry conditions, general levels of economic activity, regulations, taxes, interest rates, and foreign exchange rates; and the assumption that there will be no adverse material changes to Avigilon's key personnel, facilities, production capabilities, supply chain, sales channels, reseller network, or contractual arrangements.
Although management believes that the forward-looking statements are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Avigilon's business, as more particularly described in the "Risk Factors" section of Avigilon's Annual Information Form dated March 3, 2015, which is available under Avigilon's profile on SEDAR at www.sedar.com. Material risks and uncertainties applicable to the forward-looking statements set out herein include, but are not limited to, unforeseen events, developments or factors causing any of the aforesaid expectations, assumptions and other factors ultimately being inaccurate or irrelevant. Although Avigilon has attempted to identify factors that may cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, predicted, estimated or intended. Also, many of the factors are beyond the control of Avigilon. Accordingly, readers should not place undue reliance on forward-looking statements. Avigilon undertakes no obligation to reissue or update any forward-looking statements as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements contained herein are qualified by this cautionary statement.
SOURCE Avigilon Corporation
For further information: Dennis Fong, Avigilon Corporation, T: (604) 629-5182, Ext 2515, [email protected], www.avigilon.com