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ATS Receives Automation Orders From Two Repeat Automotive Customers Totaling $9 Million
March 19, 2003 |Estimated reading time: 1 minute
Cambridge, Ontario, Canada -- ATS Automation Tooling Systems Inc. has been awarded two separate contracts valued at $9 million for the design, manufacture and supply of automated manufacturing systems from two major multinational tier one automotive customers.
The largest of the two contracts will be completed, shipped and installed over the next six months and includes a number of individual automated manufacturing and test systems. These systems will feature a variety of standard automation products and technologies from ATS including two ATS Supertrak intelligent conveyor systems, and various high-speed ATS Superbot material handling robots and ATS proprietary component feeders for high volume parts handling and improved performance. The customer - a major multinational Tier 1 automotive parts supplier and a long-time ATS account -- will use these advanced automated systems to manufacture and test high precision automotive components.
By replacing third-party vibratory bowl feeders with ATS component feeders -- a recent addition to the company's standard products portfolio -- ATS is able to reduce the customer's cost of ownership, improve component handling performance and generate better margins for itself.
The second contract, also from a repeat automation systems customer, is also scheduled for completion over the next six months and is comprised of two different custom designed automated assembly systems that will be used by this multinational Tier 1 automotive component manufacturer to assemble an automotive subsystem.
The names of the customers and further details about the orders cannot be disclosed due to customer confidentiality requirements. ATS derived approximately $260 million of consolidated revenue from automotive customers in its last fiscal year and the auto industry has been a major consumer of ATS automation systems and precision components for more than 20 years.
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.