CERRITOS, CA, Sept. 26, 2013 /CNW/ - Omni-Lite Industries is pleased to announce that it has negotiated a three year supply agreement with two large Tier 1 aerospace customers. If the annual quantities noted in these agreements are maintained, the total value to Omni-Lite Industries over the three years beginning September 1, 2013, will be approximately $6,300,000 USD ($6,494,000 CAD).
"These agreements further demonstrate the depth of the working relationships that have been developed over the past 15 years with these customers," stated David F. Grant, CEO. "Given the expected growth in the aerospace industry over the next several years, these agreements could help Omni-Lite Industries further develop this business area."
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.
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 protected]