D&R Technology Announcing the Entry Into a New Manufacturing Contract With Progress-Werk Oberkirch AG
December 15 2011 - 7:30AM
D&R Technology Inc. a wholly owned subsidiary of Ecoland
International, Inc. (OTCBB:ECIT), global provider of tube
processing systems and technical solutions for the design,
engineering and construction of automation-intensive projects,
today announced that PWO, a German based company, selected its
solutions to design and construct a new processing line for "Air
Suspension Tubes". Equipment will be delivered to PWO Canada –
Kitchener plant by the end of first quarter of 2012. "Reality that
our company can contribute our expertise and experience in
exemplary industrial market, is a news-worthy accomplishment. From
an economic and from a technical standards perspective our
solutions appeared as a preeminent choice for our new customer.
Technologically, we are diversifying into the vehicle 'safety and
comfort' market that has numerous opportunities for expansion,"
stated Drasko Karanovic, President and CEO of D&R Technology.
Mr. Karanovic continues, "The signed contract with PWO is a
significant achievement for the company and demonstrates D&R's
continuing ability to support our customers with Turn Key
Solutions. This contract furthers D&R's strategy -- to be one
of the world's leading designers and manufacturer of applied
robotic solutions and products. This contract significantly adds to
D&R's market position and enlarges the customer base of D&R
Technology."
About PWO (Progress-Werk Oberkirch AG) (XETRA:PWO):
PWO operates as a supplier of metal components and subsystems
for the automotive industry in Europe, Canada, Mexico, and Asia.
The company focuses on developing and manufacturing components and
subsystems made of steel, stainless steel, and aluminum. It offers
mechanical components comprising housings for electronic control
systems; motor housings; and sub-assemblies, such as shafts,
magnets, and bearings. The company also provides safety components
comprising accumulators, other airbag components, seat structures
and adjustment, and locking systems; and structural components,
such as structures and accumulators for air suspension systems,
vehicle body structures, cockpit module carriers/cross-members, and
heat shields. Progress-Werk Oberkirch was founded in 1919 and is
headquartered in Oberkirch, Germany.
For more information, visit http://www.progress-werk.de/en/
About D&R Technology Inc.
www.dnrtechnology.com
D&R Technology designs, manufactures, and markets industrial
and consumer products. Through independent subsidiaries we provide
state of the art automation technology solutions to enable
customers to dramatically accelerate time-to-market and increase
revenue.
D & R Technology Inc. is a recognized technology pioneer and
market leader in the area of engineering, design and the
manufacturing of automated tube processing solutions for the
automotive industry. It is emerging as one of the world's leading
providers of automated manufacturing solutions, which are used by
three of the top ten automotive part suppliers in the world. The
Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for forward-looking statements. Certain information
included in this press release contains statements that are
forward-looking, such as statements relating to the future
anticipated direction of the Company, plans for future expansion,
various business development activities, planned capital
expenditures, future funding sources, anticipated sales growth,
potential contracts, and/or aspects of litigation. Such
forward-looking information involves important risks and
uncertainties that could significantly affect anticipated results
in the future, and, accordingly, such results may differ from those
expressed in any forward-looking statements made by, or on behalf
of, Ecoland International Inc. These risks and uncertainties
include, but are not limited to, those relating to development and
expansion activities, dependence on existing management, financing
activities, and domestic and global economic
conditions. Persons are encouraged to read our Annual Report
on Form 10-K for the year ended May 31, 2011 and our
other documents subsequently filed with the Securities and Exchange
Commission for meaningful cautionary language in respect of
forward-looking statements in this press release. Interested
persons are able to obtain free copies of filings containing
information about the Company at the SEC's internet site
(http://www.sec.gov). The Company assumes no obligation to update
any of these forward-looking statements.
CONTACT: Ecoland International, Inc.
Drasko Karanovic
drasko@dnrtechnology.com
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