CAMBRIDGE, ON, Dec. 17, 2018 /CNW/ - ATS Automation Tooling
Systems Inc. (TSX: ATA) ("ATS" or the "Company"), an
industry-leading automation solutions provider, today announced it
has received an enterprise Order Booking from a global life
sciences customer.
The Order Booking is valued at approximately CAD $60 million and includes design, delivery and
installation of two turnkey, fully automated manufacturing and
packaging systems. The program is for a current customer and
will incorporate a number of ATS proprietary technologies and
products. The systems will be built and delivered over the next 30
months.
"This Order Booking follows on our successful relationship with
a market leader in life sciences and gives ATS the opportunity to
deploy its capabilities to deliver innovative, high quality
automation solutions," said Andrew
Hider, CEO of ATS. "We look forward to executing on a
critical program for this important customer."
About ATS
ATS is an industry-leading automation
solutions provider to many of the world's most successful
companies. ATS uses its extensive knowledge base and global
capabilities in custom automation, repeat automation, automation
products and value-added services, including pre-automation and
after-sales services, to address the sophisticated manufacturing
automation systems and service needs of multinational customers in
markets such as life sciences, chemicals, consumer products,
electronics, food, beverage, transportation, energy, and oil and
gas. Founded in 1978, ATS employs approximately 3,900 people at 21
manufacturing facilities and over 50 offices in North America, Europe, Southeast
Asia and China. The
Company's shares are traded on the Toronto Stock Exchange under the
symbol ATA. Visit the Company's website at
www.atsautomation.com.
Note to Readers:
Non-IFRS Measures: Order Bookings is a non-IFRS measure and does
not have a standardized meaning prescribed within IFRS and
therefore may not be comparable to similar measures presented by
other companies. Order Bookings represent new orders for the supply
of automation systems, services and products that management
believes are firm. Order Bookings provides an indication of the
Company's ability to secure new orders for work during a specified
period and is an indicator of future revenues the Company expects
to generate based on contracts that management believes to be
firm.
Forward-Looking Statements: This news release of ATS contains
certain statements that may 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 ATS, or developments
in ATS' 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. ATS 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: the announcement of a new Order Booking, the
anticipated timeline for program delivery and deployment of ATS
capabilities. The risks and uncertainties that may affect
forward-looking statements include, among others: the impact of the
global economy and general market performance; that the timing of
completion or content of the enterprise Order Booking is other than
expected due to schedule or scope changes or other factors; the
customer exercising any right to suspend or terminate the program
in whole or in part prior to its completion, thereby delaying or
impairing ATS's ability to realize the full benefit of the program;
and other risks detailed from time to time in ATS' filings with
Canadian provincial securities regulators. Forward-looking
statements are based on management's current plans, estimates,
projections, beliefs and opinions, and other than as required by
applicable securities laws, ATS does not undertake any obligation
to update forward-looking statements should assumptions related to
these plans, estimates, projections, beliefs and opinions
change.
SOURCE ATS Automation Tooling Systems Inc.