Yet Another Contract: NewsFollowing hot on the heals of yesterdays announcement, here is another.
ADEPTRON TECHNOLOGIES CP Quick Quote: T.ATQ Adeptron Technologies Signs Manufacturing Agreement To Build High-Performance Communication Products
8/12/03
TORONTO, Aug 12, 2003 (Canada NewsWire via COMTEX) --
Adeptron Technologies Corporation (ATQ: TSX) ('Adeptron'), a provider of Electronics Manufacturing Services (EMS) to the global technology and electronics industry, announced today the signing of a manufacturing agreement with a global leader of high-performance communication products for the business marketplace.
This manufacturing agreement will see Adeptron become the EMS provider for high-performance communication products, beginning at end of 2003.
Under this agreement, Adeptron will provide a full-spectrum of electronics manufacturing services on a turnkey basis. These services will include new product introduction and rapid prototyping, design for manufacturability analysis, materials procurement, supply chain management and manufacturing.
'This manufacturing agreement is with a new key customer for Adeptron', said F. Michael Marti, President &CEO of Adeptron. 'We won this business due to the diversity of our manufacturing capabilities and our ability to deliver turnkey services. We estimate that the initial value of this new business is worth approximately $2 million annually.'
ABOUT ADEPTRON
Adeptron is an ISO 9002 registered EMS company, providing a complete range of product development and delivery services to the global technology and electronics industry, including design, prototyping, manufacturing, assembly, testing, product assurance, supply chain management, worldwide distribution and after-sales service.
Adeptron is a public company whose common shares are listed for trading on The Toronto Stock Exchange under the symbol: 'ATQ'. The Company has approximately 30.8 million common shares outstanding. Visit Adeptron at: www.adeptron.com or www.investorfile.com.