Omni-Lite Industries Receives Electronics Product Award in Support of Major US Missile System Program
June 18 2020 - 4:15PM
Omni-Lite Industries Canada Inc. (the “Company”) is pleased to
announce today that it received a new follow-on order valued in
excess of US$200,000 from a premier US defense contractor in
support of Patriot Advanced Capability Interceptor (PAC-3).
The Company will produce advanced high-speed analog electronic
components under this award and expect to deliver over the next 16
months.
“This award is an affirmation of our capability
to design and deliver advanced high reliability electronics, and we
are proud to support one of the most capable and powerful terminal
air defense missiles in the world. Our high-speed analog
electronics technology responds to needs of high bandwidth
precision electronic weapons systems and look to gain product
insertion onto other current and development systems,” commented
David Robbins, President and CEO.
About Omni-Lite Industries Canada Inc.
Omni-Lite Industries Canada Inc. is an
innovative company that develops and manufactures mission critical,
precision components utilized by Fortune 100 companies in the
aerospace and defense industries.
For further information, please contact:
Mr. David RobbinsPresident and Chief Executive OfficerTel. No.
(562) 404-8510 or (800) 577-6664Email:
d.robbins@omni-lite.comWebsite: www.omni-lite.com
Forward Looking Statements
Except for statements of historical fact, this
news release contains certain “forward-looking information” within
the meaning of applicable securities law. Forward-looking
information is frequently characterized by words such as “plan”,
“expect”, “project”, “intent”, “believe”, “anticipate”, “estimate”
and other similar words, or statements that certain events or
conditions “may” or “will” occur. Forward-looking information in
this press release includes, but is not limited to, the expect
future performance of the Company. Although we believe that the
expectations reflected in the forward-looking information are
reasonable, there can be no assurance that such expectations will
prove to be correct. We cannot guarantee future results,
performance or achievements. Consequently, there is no
representation that the actual results achieved will be the same,
in whole or in part, as those set out in the forward-looking
information. Forward-looking information is based on the opinions
and estimates of management at the date the statements are made,
and are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ
materially from those anticipated in the forward-looking
information. Some of the risks and other factors that could cause
the results to differ materially from those expressed in the
forward-looking information include, but are not limited to:
general economic conditions in Canada, the United States and
globally; industry conditions, governmental regulation, including
environmental consents and approvals, if and when required; stock
market volatility; competition for, among other things, capital,
skilled personnel and supplies; changes in tax laws; and the other
risk factors disclosed under our profile on SEDAR at www.sedar.com.
Readers are cautioned that this list of risk factors should not be
construed as exhaustive.
The forward-looking information contained in
this news release is expressly qualified by this cautionary
statement. We undertake no duty to update any of the
forward-looking information to conform such information to actual
results or to changes in our expectations except as otherwise
required by applicable securities legislation. Readers are
cautioned not to place undue reliance on forward-looking
information.
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.
Omni Lite Industries Can... (TSXV:OML)
Historical Stock Chart
From Mar 2024 to Apr 2024
Omni Lite Industries Can... (TSXV:OML)
Historical Stock Chart
From Apr 2023 to Apr 2024