CAMBRIDGE, ON, Oct. 23, 2019 /CNW/ - ATS Automation Tooling
Systems Inc. (TSX: ATA) ("ATS" or the "Company") today announced
its subsidiary Comecer S.p.A. has received an Order Booking from a
leading global pharmaceutical company for the supply of an
automated pharmaceutical assembly and filling line.
The Order Booking is valued at CAD $32
million and includes design, build, installation, validation
and training for the turnkey system. The customized solution will
combine Comecer's leading aseptic processing and containment
technologies with ATS' aseptic automation solutions. The system
will also feature ATS' proprietary products including Illuminate™
Manufacturing Intelligence smart-factory management system.
"The award of this strategic program is a great win for our
business and marks a significant step forward in the ongoing
development of our ATS and Comecer joint offerings for the aseptic
fill and finish market," said Andrew
Hider, Chief Executive Officer. "ATS' expertise in
delivering large, complex systems and Comecer's specialized
technologies and capabilities in the pharmaceutical market were key
to securing this exciting program."
The Order Booking will be recorded in the Company's third fiscal
quarter and is expected to be delivered over the next two years.
Both ATS and Comecer will equally contribute to the scope and
execution of the program. ATS acquired Comecer earlier this
calendar year to strengthen its customer offerings in both pharma
and biopharma and add a new platform in radiopharmaceuticals.
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 4,400 people at 23
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 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 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, and the
anticipated timeline for program delivery. The risks and
uncertainties that may affect forward-looking statements include,
among others: impact of the global economy and general market
performance; that the timing of completion of the enterprise
program is other than expected due to reasons, including schedule
changes; the customer exercising any right to terminate the program
in whole or in part prior to its completion, thereby by not
allowing ATS 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.