LaBarge Awarded $1.2 Million Contract From O-I for Glass Inspection Machines
May 03 2005 - 9:00AM
PR Newswire (US)
LaBarge Awarded $1.2 Million Contract From O-I for Glass Inspection
Machines ST. LOUIS, May 3 /PRNewswire-FirstCall/ -- LaBarge, Inc.
(AMEX:LB) has been awarded a $1.2 million contract from O-I
(NYSE:OI) to manufacture inspection machines that detect flaws in
glass containers. A newly designed model, the sophisticated
inspection machine can detect a variety of defects such as
variations in thickness, cracks, inclusions or other impurities in
glass containers made to hold food, beverages, and household and
personal care items. The Company anticipates additional work on the
program. LaBarge will manufacture the inspection machines at its
Pittsburgh facility. Production is expected to begin in May and
continue through June 2005. LaBarge's Pittsburgh facility
manufactures more than 1,200 different electronic and
electromechanical assemblies used by O-I to control industrial
processes and facilitate automated inspection of glass containers.
O-I is the largest manufacturer of glass containers in the world,
with leading positions in Europe, North America, Asia Pacific and
South America. O-I is also a leading manufacturer of health care
packaging and specialty closure systems. LaBarge, Inc. is a
broad-based provider of electronics to technology- driven companies
in diverse markets. The Company provides its customers with
sophisticated electronic products through contract design and
manufacturing services. Headquartered in St. Louis, LaBarge has
operations in Arkansas, Missouri, Oklahoma, Pennsylvania and Texas.
The Company's Web site may be accessed at http://www.labarge.com/ .
Statements contained in this release relating to LaBarge, Inc. that
are not historical facts are forward-looking statements within the
meaning of the federal securities laws. Matters subject to
forward-looking statements are subject to known and unknown risks
and uncertainties, including economic, competitive and other
factors that may cause LaBarge or its industry's actual results,
levels of activity, performance and achievements to be materially
different from any future results, levels of activity, performance
or achievements expressed or implied by these forward-looking
statements. Important factors that could cause LaBarge's actual
results to differ materially from those projected in, or inferred
by, forward-looking statements are (but are not necessarily limited
to) the following: the impact of increasing competition or
deterioration of economic conditions in LaBarge's markets; cutbacks
in defense spending by the U.S. Government; loss of one or more
large customers; LaBarge's ability to replace completed and expired
contracts on a timely basis; the Company's ability to integrate
recently acquired businesses; the outcome of litigation the Company
may be party to; increases in the cost of raw materials, labor and
other resources necessary to operate LaBarge's business; the
availability, amount, type and cost of financing for LaBarge and
any changes to that financing; and other factors summarized in our
reports filed from time to time with the Securities and Exchange
Commission. Given these uncertainties, undue reliance should not be
placed on the forward-looking statements. Unless otherwise required
by law, LaBarge disclaims any obligation to update any
forward-looking statements or to publicly announce any revisions
thereto to reflect future events or developments. DATASOURCE:
LaBarge, Inc. CONTACT: Colleen Clements of LaBarge, Inc.,
+1-314-997-0800, ext. 409, Web site: http://www.labarge.com/
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