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Omni-Lite Industries Canada Inc V.OML

Alternate Symbol(s):  OLNCF

Omni-Lite Industries Canada Inc. develops and manufactures mission-critical, precision components utilized by Fortune 100 companies in the aerospace, defense, industrial and energy industries. The Company has three business segments: forged, electronic and investment casting components. Its forged products business is conducted in Cerritos, California. Its electronics business is conducted in Nashua, New Hampshire, a value-added contract manufacturer of electronic components for electronic sensors serving the defense, aerospace, medical, and secure communications markets. Its investment castings business is conducted in Brampton, Ontario, where it manufactures ferrous, non-ferrous, and light-alloy investment castings of highly engineered, high-performance hardware and structural components for aerospace, defense, nuclear, and industrial applications. It has developed patented technologies for transferring products through multi-die machines with segmented tooling.


TSXV:OML - Post by User

Post by TheRock07on May 26, 2016 1:34pm
73 Views
Post# 24907234

Plus others

Plus others

Company is also pleased to note that it has received the final notification from the US Patent Office accepting 12 of the Company's claims for a new patent that is key to manufacturing increasingly complex components at Omni-Lite. The Company has made this significant and expensive modification to seven of the cold forging systems in the Cerritos facility, including the sophisticated seven die system commissioned in October of 2015. Due to the extent of these changes, these modifications were completed in Japan, at the location of Omni-Lite's OEM equipment supplier.

"The continued growth in the backlog provides additional visibility on the future revenues and financial performance of the Company," stated David Grant, Founder, CEO and Chairman of the Board. "The additional long term contracts currently in negotiation could further enhance the Company's financial performance."

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