ATA ATS Automation Tooling Systems

CAMBRIDGE, ON, May 5 /CNW/ -- CAMBRIDGE, ON, May 5 /CNW/ - Photowatt Ontario today announced that it will supply Ontario-made modules to the Canadian subsidiary of a leading global supplier of solar power serving the Ontario solar market. The supply agreement is a two-year commitment for the manufacture and delivery of approximately 24 megawatts ("MWs") of modules with the potential for volumes to increase by an additional 24 MWs. The Photowatt-designed and manufactured modules will be marketed under the customer's  brand name and will be fully compliant with Ontario FIT and Micro FIT program local content requirements. Photowatt Ontario is producing photovoltaic (PV) modules at the ATS campus in Cambridge Ontario. This "Made in Ontario" production serves the rapidly growing Ontario demand from residential, commercial and industrial markets as well as large-scale solar fields. The world-class line was designed and built by the ATS Automation Systems Group's Cambridge division. "We are happy to be working with a proven international renewable energy supplier and help fulfill their significant distribution and development activity in Ontario," said Chris Waters, Vice President and General Manager of Photowatt Ontario. "Our ready capacity, ability to ramp capacity quickly, well established local presence backed by international experience and product quality are a good match with the customer's needs, and will enable the customer to meet market demand on a very timely basis." About Photowatt Ontario Photowatt Ontario has been established as part of the Photowatt group to serve the Ontario solar market. Working closely with its parent ATS Automation Tooling Systems Inc. of Cambridge Ontario, Photowatt Ontario is uniquely positioned, with Ontario-based manufacturing, substantial automation and project expertise and extensive global solar energy capabilities and experience to be a natural domestic solar market leader. The module line is one element of Photowatt Ontario's investment in Ontario to serve the Ontario solar market with module manufacturing and turnkey solar project development and installations.  Photowatt Ontario is also developing solar projects directly, including 64 megawatts of large-scale renewable energy projects in Northern Ontario with a joint venture partner and is actively pursuing partnerships with developers/building owners/operators and municipalities for roof-top solar installations. The Photowatt group is a turnkey solar project developer and integrated manufacturer. Photowatt designs, manufactures and sells solar modules, and installation kits, and provides solar power systems' design and other value-added services, principally in Western Europe and Ontario. Photowatt France has a well-established and ongoing research and development program, alliances with energy industry leaders through the PV Alliance joint venture and 30 years of experience in processing silicon and making ingots, wafers, cells and modules.   Visit the Photowatt website at www.photowatt.com and the Photowatt Ontario website at www.photowattontario.com Note to Readers: Forward-Looking Statements This news release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Photowatt Ontario and its affiliates ("PWO"), or developments in PWO's business or in its industry, to differ materially from the anticipated results, performance, achievements or developments expressed or implied by such forward-looking statements. Forward-looking statements include all disclosure regarding possible events, conditions or results of operations that is based on assumptions about future economic conditions and courses of action. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. PWO cautions you not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. Forward-looking statements relate to, among other things:  potential for the order volume to be increased under the supply agreement, Ontario demand for PV modules, and ramp-up ability. The risks and uncertainties that may affect forward-looking statements include, among others: general market performance including capital market conditions and availability and cost of credit; economic market conditions; the financial attractiveness of, and demand for, solar projects and solar products; the availability and possible reduction, modification, or elimination of government subsidies; the performance of the respective parties to the agreement; the availability of supplies, including production equipment; political, labour or supplier disruptions; the development of superior or alternative technologies to those developed by PWO; the success of competitors with greater capital and resources in exploiting their technology; market risk for developing technologies; and other risks detailed from time to time in the filings of ATS Automation Tooling Systems Inc. with Canadian provincial securities regulators. Forward-looking statements are based on management's current plans, estimates, projections, beliefs and opinions, and PWO does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/May2011/05/c9685.html p Chris Waters, Vice President and General Manager, Photowatt Ontariobr/ 519 650 6535br/ Carl Galloway, Vice President, Treasurer, ATS Automation Tooling Systems Inc.br/ 519 653 6500 /p

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