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."