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Manufacturing orders, contracts, financial reports
News Release from: ATS Automation Tooling Systems
Edited by the Manufacturingtalk Editorial
Team on 20 March 2003
Automotive tier one suppliers award
tooling work
ATS Automation Tooling Systems has been awarded contracts valued at $9.0 million for the design, manufacture and supply of automated manufacturing systems from two major multinational tier ones.
ATS Automation Tooling Systems has been awarded two separate contracts valued at $9.0 million for the design, manufacture and supply of automated manufacturing systems from two major multinational tier one automotive customers The largest of the two contracts will be completed, shipped and installed over the next six months and includes a number of individual automated manufacturing and test systems
This article was originally published on Manufacturingtalk on 17 Mar 2004 at 8.00am (UK)
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These systems will feature a variety of standard automation products and technologies from ATS including two ATS Supertrak(TM) intelligent conveyor systems, and various high-speed ATS Superbot(TM) material handling robots and ATS proprietary component feeders for high volume parts handling and improved performance.
The customer -- a major multinational tier one automotive parts supplier and a long-time ATS account -- will use these advanced automated systems to manufacture and test high precision automotive components.
"This assignment is just the latest example of growing marketplace acceptance for our next generation standard products and technologies, and the mutual value they provide to both our customers and to ATS," said Klaus Woerner, ATS President and Chief Executive Officer.
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"For customers, technologies like Supertrak(TM) and Superbots(TM) enable high manufacturing throughput, efficiency, flexibility, tremendous precision and most important, rapid system deployment and higher return on investment.
For ATS, our standard products are a distinct advantage in winning new assignments, plus they allow us to deliver value added manufacturing solutions faster and on terms that benefit both ATS and our customers." For example, by replacing third-party vibratory bowl feeders with ATS component feeders -- a recent addition to the Company's standard products portfolio -- ATS is able to reduce the customer's cost of ownership, improve component handling performance and generate better margins for itself.
Added Woerner: "Clearly, this assignment demonstrates once again that important customers are embracing our standard products initiative, and that the investments we have made to develop these technologies is helping ATS to add momentum in a challenging economic environment.
We look forward to serving this customer and in so doing, showcasing the distinct competitive advantages ATS possesses as the industry's leader -- and the only company in our markets offering comprehensive 21st century automation solutions." The second contract, also from a repeat automation systems customer, is also scheduled for completion over the next six months and is comprised of two different custom designed automated assembly systems that will be used by this multinational tier one automotive component manufacturer to assemble an automotive subsystem.
The names of the customers and further details about the orders cannot be disclosed due to customer confidentiality requirements.
ATS derived approximately $260 million of consolidated revenue from automotive customers in its last fiscal year and the auto industry has been a major consumer of ATS automation systems and precision components for more than 20 years.
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