CERRITOS, CA, Dec. 18, 2013 /CNW/ - Omni-Lite Industries Canada Inc. is pleased to announce approximately $553,000 US ($585,300 CAD) in new orders that include three divisions of the Company. Of these new orders 64 percent are in the Specialty Automotive division, 34 percent are in the Aerospace division and 2 percent are in the Sports and Recreation division.
Of particular importance, the new efficiencies and production capabilities introduced in 2013 have enabled the Company to complete several critical development programs. These include the first article components for both U.S. Military Green Round programs, two programs for a major off-road vehicle OEM and the first article submission for a new brake program undertaken with a large tier one supplier to the automotive industry. The Company is working diligently with these customers to initiate the production of these components in early 2014.
The Company is particularly proud to announce that it has received a significant order for components utilized by Gulfstream, Bombardier, and Embraer in their executive jet programs. While initial components will be shipped in 2013, the majority of these parts will be delivered in 2014.
"The most important benefit of the improvements implemented at Omni-Lite throughout the year has been the ability to complete challenging programs on a timely and efficient basis, providing better service to our world class customers," stated David F. Grant CEO. "These enhancements will allow Omni-Lite to take on several new programs in the New Year. The engineering for some of these programs has already begun."
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]