OMNI-LITE INDUSTRIES CANADA INC.
CERRITOS, CA, May 7, 2012 /CNW/ - Omni-Lite Industries Canada Inc. is pleased to announce that it has received two new orders in the Military division. These orders are in addition to the military program announced on May 2, 2012.
"These new contracts support the family of projects that the Company has underway for a large U.S. Military customer," stated Allen W. Maxin, President. "The Company now has seven military components in its production schedule, up from three in 2010."
The Company continues to develop its technology in this critical area. To support these endeavors, Omni-Lite expects the delivery of a new, highly modified cold forging system in July of this year. This system will be utilized on a large scale development project for one the seven programs, mentioned above, for the U.S. Military.
Omni-Lite Industries is also pleased to announce that it has received another new order in the aerospace division. Including the military orders mentioned above, the total value of these orders is approximately $64,000 US. Of these new orders approximately 95 percent are in the Military division and 5 percent are in the Aerospace division.
Omni-Lite Industries Canada Inc. 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.
For further information:
Mr. Tom Peterson, Investor Relations Manager
Tel. No. (562) 404-8510 x104 or (800) 577-6664 (Canada and USA)
Fax. No. (562) 926-6913, email: [email protected]