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ATS Receives Follow-on Automation Systems Orders for Flat Panel Display Manufacturing
September 16, 2004 |Estimated reading time: 1 minute
Cambridge, Ontario, Canada — ATS Automation Tooling Systems Inc. has received an additional US $12.7 million (CDN $16.6 million) in follow-on automation systems orders from a major supplier of flat panel display materials.
ATS previously announced on August 26, 2004, that it had been awarded purchase orders worth US $15.5 million (CDN $20.3 million) from the same customer. These new orders bring the total value of orders awarded to ATS under this customer program to approximately US $28 million (CDN $37 million).
These additional automated systems for flat panel manufacturing are similar to those ordered in August and will also be installed in the customer's Asian facilities. The systems will be produced and delivered in stages over the next 14 months. ATS will primarily use the resources of its U.S. West Coast and Asian operations to build the systems under the contract.
ATS entered the flat panel display market almost 10 years ago and since then has developed a number of industry-specific capabilities and skill sets, including high-speed vision inspection, precision material handling of highly fragile materials, and software analysis and process control tools for complex automation that enable customers to achieve higher inspection rates, enhanced yields and lower total cost of ownership. Over the past five years, ATS has generated more than $870 million in revenues from computer-electronics customers.
ATS cannot disclose the name of the customer and specific project details because of strict confidentiality agreements.
ATS Automation Tooling Systems Inc. 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. For more information, visit www.atsautomation.com.