Product category:
Manufacturing orders, contracts, financial reports
News Release from: ATS Automation Tooling Systems
Edited by the Manufacturingtalk Editorial
Team on 27 February 2003
Major orders awarded to automation
provider
ATS Automation Tooling has been awarded orders valued at US $7.7 million from a major multinational, computer-electronics company.
ATS Automation Tooling has been awarded orders valued at Canadian $11.6 million (US $7.7 million) from a major multinational, computer-electronics company The orders are for the supply of two identical automated production systems and for field upgrades on a number of similar lines that the customer is currently operating in different global markets
This article was originally published on Manufacturingtalk on 17 Mar 2004 at 8.00am (UK)
Related stories
Aseptic robot withstands harsh sterilization
A prototype, ultra-clean, aseptic robot, believed to be the first automated robotic solution capable of withstanding the harsh sterilization treatment, will be shown at INTERPHEX 2004, USA.
Cost-effective assembly system installed
India based Avasarala Automation, has provided cost effective solution for a compressor assembly line for air-conditioner and refrigerator system.
Nickel and cobalt producers buy latest automation
An enhanced automation system has been purchased by the world's leading producer and refiner of cobalt and the world's fifth largest producer of nickel.
These assignments are expected to be completed over the next six months.
"This announcement is important in many respects," said Klaus Woerner, President and Chief Executive Officer of ATS.
"First, this is a large order for essentially repeat work, that with minimal design, will flow quickly into our earnings.
It takes terrific advantage of ATS capacity and ability to rapidly scale up activity to serve this customer's needs.
Second, this is the largest project we have won during the past 12 months and it shows that our efforts to get customers to commit to orders are continuing to produce benefits.
Third, this order comes from the computer-electronics sector, which is the market which has seen the greatest softness during the past two years, and is a further indication that conditions may be improving in this important market for ATS." The customer's name and further specifics about the orders cannot be released as a result of customer confidentiality requirements.
About ATS - ATS Automation Tooling Systems is the industry's leading designer and producer of turn-key automated manufacturing and test systems, which are used primarily by multinational corporations operating in a variety of industries including: automotive, computer/electronics, healthcare, and consumer products.
The Company also makes precision components and sub-assemblies using its own custom-built manufacturing systems, process knowledge and automation technology.
This includes a line of advanced thermal management devices used by computer manufacturers to cool high-speed processors.
Through Photowatt International, and Spheral Solar Power, ATS is an emerging leader in the rapidly growing market for solar energy cells and modules.
ATS employs approximately 3,400 people at 28 facilities in Canada, the United States, Europe and Asia-Pacific.
The Company's shares are traded on The Toronto Stock Exchange under the symbol ATA.
• ATS Automation Tooling Systems: contact details and other news
• Email this article to a colleague
• Register for the free Manufacturingtalk email newsletter
• Manufacturingtalk Home Page
Search the Pro-Talk network of sites
