Omni-Lite Industries announces new orders and project progress
CERRITOS, CA, June 13, 2013 /CNW/ – The Company is pleased to announce
approximately $1,784,000 in new orders that include all four divisions
of the Company. Of these new orders, 50% are in the Aerospace division,
38% are in the Specialty Automotive division, 11% are in the Sports and
Recreational division and 1 % are in the Military division.
Omni-Lite continues to see increased orders in the Aerospace and
Specialty Automotive divisions and if current trends continue would
expect to see the Aerospace division grow about 35% year-over-year and
the Specialty Automotive group expand about 30% over the same period.
“The Company is particularly pleased to announce that one of the
products that it developed for the U.S. Military Green Round Program
has passed all the ballistic tests required of this product. To our
knowledge, this is the first component from any supplier that has
successfully passed this complex battery of tests. This result should
close out the current R and D effort on this program” stated Allen W.
Maxin. “The Company is also pleased to announce that it has received an
additional purchase order for one of the military products developed in
Consistent with offering our customers the highest level of technology
possible, the Company has begun to implement the full function of the
“Avatar” production and management control system installed over the
last couple of years. This complex network captures real-time
production data from the progressive heading systems at Omni-Lite and
can display the information throughout the facility for the benefit of
the Company’s production and management staff. The visibility and
accountability this system offers, when combined with the analytical
capabilities embedded in the data stream has allowed the Company to
increase its productivity substantially.
In an additional effort to provide the highest quality technical
solutions available in the marketplace, Omni-Lite has purchased a
Hommel Measurement System. This system is capable of the rapid and
consistent measurement of most of the key component characteristics
that Omni-Lite monitors with an accuracy of approximately 0.1 microns
or 0.000039 inches. This system will be delivered to Omni-Lite in
Cerritos, California approximately August 1, 2013 and will be initially
utilized for military programs. This system and the options purchased
are worth approximately $80,000 US. To aid in the design and production
of the green diesel product line the Company has also purchased a
Surface Profiling System. This system will allow the Company to measure
and duplicate key surface roughness characteristics as mandated by many
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.