CERRITOS, CA, Feb. 12, 2016
/CNW/ - Omni-Lite Industries Canada Inc. (the "Company") (TSXV:OML)
(OTCBB:OLNCF) is pleased to announce that it has received a new
$3,045,000 US (approximately
$4,263,000 CAD), three year contract
from a major tier one aerospace customer. Additional value
could accrue to this program as this contract can be amended to
include new components at anytime during the contract term.
The Company is working with this customer to develop a series
of new components to meet the production scale robotic assembly
requirements demanded by the aerospace system integrators.
"This contract expands significantly on the projects we have
undertaken for this customer over the last 10 years and represents
a tremendous vote of confidence in the state of the art engineering
and manufacturing facility that the Company has built in
Southern California," stated
Allen Maxin, President. "The
aerospace industry is expected to show significant growth over the
next decade. The Company has made a major long term effort to
be an important contributor in this industry."
Omni-Lite Industries Canada Inc. is a rapidly growing high
technology company that develops and manufactures precision
components utilized by Fortune 500 companies including Boeing,
Airbus, Bombardier, Embraer, Alcoa, Ford, Borg Warner, Chrysler, the U.S. Military, and
Nike.
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.