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ATS Secures CDN $20.3 Million in Automation Systems Orders for Use in Flat Panel Display Manufacturing
August 27, 2004 |Estimated reading time: 1 minute
Cambridge, Ontario, Canada — ATS Automation Tooling Systems Inc. has received US $15.5 million (CDN $20.3 million) in orders to design and build a number of fully integrated, automated manufacturing lines for a major supplier of flat panel display materials.
The systems are scheduled to be built and delivered to the customer's production plants in Asia in stages over the next 11 months. The orders are for a number of automated manufacturing systems similar to previous systems ATS has built for the same customer recently. Some systems will incorporate new concepts and enhanced vision inspection technology, developed by ATS, to achieve higher inspection rates and enhanced yields.
The assignment was secured by the company's U.S. West Coast operations, which have proven expertise in flat panel display applications, but ATS's overall depth of capabilities and its global presence, including an expanding footprint in Asia, were all instrumental in helping the company to win this significant project. ATS will primarily use the resources of its U.S. West Coast and Asian operations to build these systems under the contract. Based on discussions with the customer, ATS believes there is potential for additional significant follow-on orders in the future. The name of the customer cannot be disclosed because of confidentiality arrangements.
Flat panel display shipments are estimated to be worth US $32.5 billion annually, currently representing about half of the total electronic display market. Through 2007, forecasts indicate the flat panel display market will grow at an average annual rate of almost 18 percent, compared to 12 percent for the total electronic display market. Display materials experienced shipments of US $12 billion in 2002 and are projected to grow to approximately US $23 billion by 2008.
ATS has been active in the computer-electronics market since 1978 and in the flat panel display segment since 1995. Over the past five years, ATS has generated more than $870 million in revenues from computer-electronics customers.
ATS Automation Tooling Systems Inc. is the industry's leading designer and producer of turnkey 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.