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ATS Corp T.ATS

Alternate Symbol(s):  ATS

ATS Corporation is an automation solutions provider. It uses its knowledge base and global capabilities in custom automation, repeat automation, automation products and value-added solutions, including pre-automation and after-sales services, to address the sophisticated manufacturing automation systems and service needs of multinational customers in markets, such as life sciences, transportation, food and beverage, consumer products, and energy. It engages with customers on both greenfield programs, such as equipping new factories, and brownfield programs, including capacity expansions, production relocations, equipment upgrades, software upgrades, efficiency improvements and factory optimizations. It offers post-automation services. It offers artificial intelligence and machine-learning-based tools for industrial production. It designs and manufactures automated water purification solutions. It also manufactures lab equipment for the life sciences and pharmaceutical industries.


TSX:ATS - Post by User

Bullboard Posts
Post by mark5698on Mar 19, 2003 9:26am
252 Views
Post# 5957769

Solar order

Solar order ATS basks in $31-million solar module order ATS Automation Tooling Systems Inc ATA Shares issued 60,481,691 Mar 18 close $9.25 Wed 19 Mar 2003 News Release Mr. Ron Jutras reports ATS PHOTOWATT SUBSIDIARY WINS MAJOR ORDER FOR SOLAR MODULES WITH ESTIMATED VALUE OF $31 MILLION ATS Automation Tooling Systems' Photowatt subsidiary has been awarded a major contract for the supply of photovoltaic solar modules over the next 12 months with an estimated value of $31.1-million. The solar modules will be manufactured and sold by the company's Photowatt International S.A. subsidiary located in Bourgoin-Jallieu, France -- just outside of Lyon -- over the next 12 months. The customer is a leading international solar systems supplier and installer. Shipments will commence later this month and are expected to be made monthly thereafter through the balance of the contract term. Shipment dates are subject to renegotiation under certain circumstances. "This is an attractive and large contract for Photowatt, which significantly firms up a major portion of our solar revenue targets for fiscal 2004," said Klaus Woerner, president and chief executive officer of ATS. "Of equal importance, this is a new customer for Photowatt, one which is a world leader in PV solar systems, and there is potential for further revenues through contract options and extensions into 2004. This contract was won in a competitive environment and confirms the world-class quality of our products and our production efficiencies gained as a result of the investments ATS has made in automating Photowatt since we acquired it in 1997." ATS, the leader in industrial automation, has made a significant commitment to manufacturing solar energy cells and modules, first through its Photowatt operations and more recently through Spheral Solar Power, which will launch its first products -- based on revolutionary next-generation solar technology -- later this year. In the trailing 12 months to Dec. 31, 2002, Photowatt produced revenue of $53.9-million. ATS has increased the annual capacity of Photowatt, from approximately four megawatts at acquisition, to an estimated 25 megawatts of global module manufacturing capacity today. This has been achieved through improved manufacturing throughput and efficiency and by increasing the power-generating efficiency of the company's solar cells. During the past 12 months, Photowatt has been rapidly increasing its module manufacturing capacity to better match its solar cell output with the changing requirements of customers. This contract is expected to be fulfilled with the existing and previously planned investments for Photowatt. The contract is for the supply of Photowatt's largest power modules, model PW 1650. The PW 1650 series modules use Photowatt's multicrystalline technology. The solar cells are individually characterized and electronically matched prior to interconnection. Encapsulation beneath high-transmission tempered glass is accomplished using an advanced, ultraviolet-resistant thermal setting plastic. The encapsulation, ethylene vinyl acetate, cushions the operating characteristics of the solar cell under virtually any climatic conditions. The rear surface of the module is completely sealed from moisture and mechanical damage by a continuous high-strength polymer sheet. The glass/tedlar construction of the module minimizes weight, while providing a durable, protective environment for the solar cells. The product is configured for 12 to 24 volt systems operation and bypass diodes are factory fitted as standard. The module is 42.3 inches wide by 48.3 inches in length, is 1.7 inches thick and weighs approximately 40 pounds. Peak power is 155 watts to 175 watts at 4.8 amps to 10.0 amps depending on series number. WARNING: The company relies upon litigation protection for "forward-looking" statements. (c) Copyright 2003 Canjex Publishing Ltd. https://www.stockwatch.com
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