CERRITOS, CA, Aug. 20, 2014 /CNW/ - Omni-Lite Industries Canada Inc. is pleased to announce approximately $786,318 US ($857,692 CAD) in new orders. Of these new orders, approximately 43 percent are in the Sports and Recreation division, 38 percent are in the Aerospace division, 19 percent are in the Specialty Automotive division and a little less than 1 percent are in the Military Division.
"The Company is pleased to note that these contracts include an order from a new U.S. military customer. This customer is interested in several products that Omni-Lite has manufactured in the past. An initial engineering review by the customer conducted on one of these products found them to be of impressive quality," stated Allen Maxin, President. "This new customer has recently visited Omni-Lite's California facilities to review the first article production of this component and the new contract mentioned will be to deliver a significant quantity of these components for further integration and testing."
Omni-Lite is a rapidly growing high technology company that develops and manufactures precision components utilized by several Fortune 500 Companies including Boeing, Airbus, Alcoa, Ford, Caterpillar, Borg Warner, Chrysler, the U.S. Military, Nike, and adidas.
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 (Canada and USA)
Fax. No. (562) 926-6913, email: [email protected]