CAMBRIDGE, ON, Feb. 12, 2021 /CNW/ - ATS Automation Tooling
Systems Inc. (TSX: ATA) ("ATS" or the "Company"), an
industry-leading automation solutions provider, today provided an
update on its innovative nuclear decommissioning program for Holtec
International, a diversified energy technology company and new ATS
customer. The Order Booking was received in ATS' third quarter of
fiscal 2021 and is expected to be delivered over the next 9
months.
ATS' scope of work includes the design, build and test of
specialized tooling equipment to support the decommissioning of
retired nuclear plants in Holtec's U.S. based fleet. The equipment
is critical to the safe and efficient decommissioning of a nuclear
power plant and will be tested underwater at ATS' full-scale
mock-up test facility. Included in the Order Booking is customer
training in the use of these sophisticated tools.
"This highly strategic program for an industry leader in nuclear
decommissioning builds on our decades-long track record in
providing automated systems for safely dismantling reactors," said
Andrew Hider, CEO of ATS. "We
look forward to delivering this important project and building our
nuclear decommissioning business in the
United States and globally," added Narinder Bains, General Manager at ATS
Industrial Automation.
"We pride ourselves on being A Generation Ahead by Design, which
in practical terms means meeting the emerging needs of the energy
industry through innovation," said PK Chaudhary, Holtec's Senior
Vice President of Operations. "One of those needs is
decommissioning, which is a sophisticated and time-consuming
activity requiring the best people, planning, processes and
equipment. We chose ATS to assist us because of their demonstrated
nuclear industry expertise and technology, and their ability to
develop a low-risk, innovative and modular solution."
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 4,200 people at 20
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.
About Holtec International
Holtec International is a
privately held technology company with operation centers in
Florida, New Jersey, Ohio and Pennsylvania in the U.S., and globally in
Brazil, Canada, India, Japan,
Mexico, South Africa, Spain, U.K. and Ukraine. Holtec has played a preeminent role
since the 1980s by expanding wet spent fuel storage capacity at
over 110 reactor units in the U.S. and abroad. Over 130 nuclear
units worldwide rely on Holtec's technology for spent fuel storage
and transportation. Holtec develops and implements innovative
solutions to overcome technical challenges faced by its clients
around the world. HI-STORE, the world's first below-ground
Consolidated Interim Storage Facility, is currently undergoing
licensing in New Mexico. Holtec's
SMR-160, a 160-Megawatt small modular reactor, will provide safe,
secure, dependable, affordable and carbon-free power even in the
world's most arid regions. Holtec is also a major supplier of
special-purpose pressure vessels and critical-service heat exchange
equipment such as air-cooled condensers, steam generators,
feedwater heaters, and water-cooled condensers. As a fully
integrated supplier, Holtec possesses in-house capabilities to
design, engineer, analyze, license, fabricate and construct these
technologies. Please visit www.holtecinternational.com.
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 are 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. Forward-looking statements relate to, among other
things, an update with respect to an Order Booking; the anticipated
timeline for delivery. The risks and uncertainties that may affect
forward-looking statements include, among others: the progression
of COVID-19 and its impacts on the Company's ability to operate its
assets, including the possible shut-down of facilities due to
COVID-19 outbreaks; the severity and duration of the COVID-19
pandemic in all jurisdictions where the Company conducts its
business; the nature and extent of government imposed restrictions
on travel and business activities and the nature, extent, and
applicability of government assistance programs, in both cases
related to the COVID-19 pandemic, as applicable in all
jurisdictions where the Company conducts its business; the impact
of the COVID-19 pandemic on the Company's employees, customers, and
suppliers; the impact of the global economy and general market
performance; that the timing of completion of the program is other
than as expected due to various reasons, including schedule changes
or COVID-19 pandemic related factors; the customer exercising any
right to terminate the program in whole or in part prior to its
completion, thereby preventing ATS from realizing on the full
benefit of the program; management effectiveness and disaster
response preparedness, including business continuity plans in
response to COVID-19; that one or more customers, or other entities
with which the Company has contracted, experience insolvency or
bankruptcy with resulting delays, costs or losses to the Company;
political, labour or supplier disruptions; risks relating to legal
proceedings to which ATS is or may become a party; exposure to
product and/or professional liability claims; and other risks
detailed from time to time in ATS' filings with Canadian provincial
securities regulators. There can be no assurance that forward
looking statements or information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, you should not place
undue reliance on the forward-looking statements or information
contained herein which speak only as of the date they are made.
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.