OML-TSX VENTURE
CERRITOS, CA,
Dec. 18, 2013 /CNW/ - Omni-Lite
Industries Canada Inc. is pleased to announce approximately
$553,000 US ($585,300 CAD) in new orders that include three
divisions of the Company. Of these new orders 64 percent are in the
Specialty Automotive division, 34 percent are in the Aerospace
division and 2 percent are in the Sports and Recreation
division.
Of particular importance, the new efficiencies
and production capabilities introduced in 2013 have enabled the
Company to complete several critical development programs. These
include the first article components for both U.S. Military Green
Round programs, two programs for a major off-road vehicle OEM and
the first article submission for a new brake program undertaken
with a large tier one supplier to the automotive industry. The
Company is working diligently with these customers to initiate the
production of these components in early 2014.
The Company is particularly proud to announce
that it has received a significant order for components utilized by
Gulfstream, Bombardier, and Embraer in their executive jet
programs. While initial components will be shipped in 2013, the
majority of these parts will be delivered in 2014.
"The most important benefit of the
improvements implemented at Omni-Lite throughout the year has been
the ability to complete challenging programs on a timely and
efficient basis, providing better service to our world class
customers," stated David F. Grant CEO. "These enhancements
will allow Omni-Lite to take on several new programs in the New
Year. The engineering for some of these programs has already
begun."
Omni-Lite is a rapidly growing high
technology company that develops and manufactures precision
components utilized by several Fortune 500 Companies including
Boeing, Airbus, Alcoa, Ford, Caterpillar, Borg Warner, Chrysler, the U.S. Military, Nike,
and adidas.
Except for historical information contained
herein this document contains forward-looking statements. These
statements contain known and unknown risks and uncertainties that
may cause the Company's actual results or outcomes to be materially
different from those anticipated and discussed herein.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
SOURCE Omni-Lite Industries Canada Inc.