ATS Wins US$34 Million Automation Systems Contract From Multinational Healthcare Company | Automation.com

ATS Wins US$34 Million Automation Systems Contract From Multinational Healthcare Company

April 282004
CAMBRIDGE, ON, April 28 /CNW/ - ATS Automation Tooling Systems Inc. today announced it has been selected to supply automated manufacturing systems to a major multinational healthcare company under an order valued at approximately US$34 million (approximately Cdn$46 million). The systems are scheduled to be installed in a phased approach at the customer's facilities during calendar 2005.

"This major order provides further evidence of the strong progress ATS continues to make in supplying advanced automated manufacturing solutions to customers in the healthcare industry," said Klaus Woerner, President and Chief Executive Officer of ATS. "In fact, this is the second largest automation systems order in our history, and the fourth order from a healthcare or pharmaceutical company we have announced in the past two months.

"Most important, this assignment reflects a growing strategic relationship with a key ATS customer with whom we have worked for a number of years. We're very pleased by this important new program and about our overall long-term growth prospects in the healthcare and pharmaceutical industries."

Mr. Woerner added the assignment will add immediately to automation systems order backlog and "contribute to further improvement in our manufacturing utilization as we begin our new fiscal year."

The name of the customer and project details cannot be disclosed due to confidentiality requirements.

About ATS
ATS Automation Tooling Systems Inc. (www.atsautomation.com) 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 S.A., and Spheral Solar Power Inc., ATS is an emerging leader in the rapidly growing market for solar energy cells and modules. ATS employs approximately 3,800 people at 27 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.

Certain forward looking statements are made in this news release, including statements regarding possible future business. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of ATS's products, technologies, customer requirements and other risks detailed from time to time in ATS's periodic reports filed with Canadian regulatory authorities.
Did you Enjoy this Article?

Check out our free e-newsletters
to read more great articles.

Subscribe Now
Back to top
Posted in:
Industry

MORE INDUSTRY NEWS

VIEW ALL

RELATED