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Omni-Lite Industries announces new orders and revenues in Q2
New bookings of approximately $540,000 US
Sales for Q2 over $2.1 Million US
New program for solar components
Backlog rises 255% from Jan 2016
Book to Bill ratio rises to 1.7 in Q2 from 1.2 last year
LOS ANGELES, July 8, 2016 /CNW/ - Omni-Lite Industries Canada Inc. (the "Company" or "Omni-Lite") is pleased to note that it has received new contracts since May 27, 2016, in the amount of approximately $540,000 US. Of these orders, 58% are in the Specialty Automotive division, 40% are in the Aerospace division, and 2% are in the Sports and Recreational division. This brings the total value of new orders announced since the start of the year to over $5,040,000, US. At the US to CAD currency exchange rate of July 7, 2016, these orders are valued at approximately $6,552,000 CAD.
The Company is pleased to note that revenues in the second quarter exceeded $2,110,000 US. This brings revenue in the first six months of the fiscal year to approximately $3,595,000 US. As forecast earlier in the year, revenues are continuing to build into the latter half of the year, as the military production continues to gain in momentum.
The Company is also pleased to announce that it has received an initial contract for a component developed for the solar industry. This component is utilized in high quantities in the electrical system of popular solar installations. The Company delivered to the customer, the first article for final testing in late June, 2016.
"The Company is fortunate to have a backlog that has grown 255% from January to June 2016. This increased order visibility is also shown in the book to bill ratio increasing to 1.7 from 1.2 this time last year." stated David F. Grant, CEO.
The Company is also pleased to be featured in a SNN( Stock News Now) video where the growth strategy of the company is discussed at the L D Micro conference in Belair, CA, on June 7, 2016. The Company is fortunate to be a growing company in several growing industries. This video interview can also be found on the updated Omni-Lite website at www.omni-lite.com.
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures mission critical, precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Ford, Borg Warner, Chrysler, the U.S. Military, and Nike.
Omni-Lite reports first quarter results
LOS ANGELES, CA, May 27, 2016 /CNW/ - For the three months ended March 31, 2016, Omni-Lite Industries Canada Inc. (the "Company" or "Omni-Lite") is pleased to report revenue of $1,484,489 US. In the first three months of this fiscal year, cash flow from operations(1) was $341,800 US and adjusted EBITDA was $341,793 US. Net income in the first quarter was $170,220 US. Revenue in the quarter was lower than Q1 2015 due to the late initiation of a key military program.
"As the Company accelerates production to complete the military and aerospace orders recently announced, revenues are expected to grow throughout the year with 2016 revenues exceeding those attained in fiscal 2015," stated David F Grant, CEO. "With a rising backlog, the book to bill ratio has risen to 1.71 from 1.28 in 2015. The Company achieved a gross margin in excess of 60 percent in the first quarter, an increase of approximately 191 basis points from the gross margin attained in the comparable period of 2015."
Omni-Lite is also pleased to note that it has received new contracts worth $299,573 US. "This brings the total value of the new orders announced in 2016 to approximately $4,500,000 US," stated Allen W. Maxin, President. "At today's exchange rate this would be approximately $5,850,000 CDN."
For complete results, please visit www.sedar.com or request a copy from the Company.
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures mission critical, precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Alcoa, Ford, Borg Warner, Chrysler, the U.S. Military, Nike, and adidas.
Omni-Lite Industries announces expansion of Southern California facility to meet demand
Overall footprint expanding 38% to 47,000 sq ft
Starts development of new aerospace components
Delivers key military component for customer review
LOS ANGELES, CA, May 24, 2016 /CNW/ - Omni-Lite Industries Canada Inc. (the "Company" or "Omni-Lite") is pleased to announce that it has signed five year leases for two buildings adjacent to the 34,000 square foot facility that it owns in the heart of the Aerospace Industry in Southern California. These additional buildings will increase the total area of the Omni-Lite facility to approximately 47,000 sq ft. "The Company has been looking to expand the facility for several years and the availability of these two adjacent buildings will enlarge the area actually utilized for manufacturing by about 76%. This will allow the Company to install seven new cold forging systems that have been purchased over the last several years. When the installation of this equipment is completed, the capacity of the facility will be approximately $30,000,000 US per year," stated David Grant, CEO. "These additional machines are critical to completing the rush military orders that the Company is currently manufacturing."
"Omni-Lite's multifaceted support of the aerospace industry is gaining traction as the Company continues to develop mission critical components utilized on most of the aircraft currently being manufactured. The Company has recently begun the development of two additional components that are utilized in the robotic assembly of modern composite aircraft," stated Allen Maxin, President.
The Company is also pleased to note that it has received the Notice of Allowance 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 Los Angeles 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 supplier. Utilizing this technology the Company has recently delivered a key component to a US military customer.
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures mission critical, precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Ford, Borg Warner, Chrysler, the U.S. Military, and Nike.
Omni-Lite Industries announces Normal Course Issuer Bid
CERRITOS, CA, May 19, 2016 /CNW/ - Omni-Lite Industries Canada Inc. ("Omni-Lite" or the "Company") announces that it has submitted to the TSX Venture Exchange ("TSXV) its Notice of Intention to Make a Normal Course Issuer Bid ("Bid"). Pursuant to the Bid, the Company may purchase for cancellation up to 790,000 common shares of the Company which is equal to approximately 7 percent of the 11,081,507 issued and outstanding shares.
The purchases will be made by the Company through Cormark Securities Inc., in accordance with the rules of the TSXV. The consideration paid for any such Common Shares will be the open market price at the time of acquisition. The Company will make no purchases of Common Shares other than open market purchases or other such means approved by the TSXV.
The actual number of Common Shares of the Company that are purchased for cancellation under the Bid, if any, and the timing of such purchases will be determined by management as approved by the Board of Directors of the Company.
To the knowledge of the Company, no director, senior officer or other insider of Omni-Lite currently intends to sell any Common Shares into this Bid. In the case a director, senior officer, or insider does sell any common shares into the Bid, the benefits to any such person would be the same as the benefits available to all other holders whose shares are purchased.
To date, the Company has repurchased and intends to cancel a total of 736,900 common shares pursuant to the previous normal course issuer bid which ends May 25, 2016.
Purchases may begin on May 26, 2016 and the Bid expires on May 25, 2017.
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Alcoa, Ford, Borg Warner, Chrysler, the U.S. Military, and Nike.
Omni-Lite Industries announces resignation of CFO
LOS ANGELES, May 13, 2016 /CNW/ - Omni-Lite Industries Canada Inc. (the "Company" or "Omni-Lite") (TSXV:OML; OTCBB:OLNCF) regretfully announces the resignation of Mr. Timothy Wang as Chief Financial Officer.
"Tim has assisted, in various capacities, in the growth at Omni-Lite over the last 15 years," stated David F. Grant. "The Company would like to thank Mr. Wang for his service and wish him the best in his future endeavours." The Company is currently assessing candidates to fill this vacancy.
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures mission critical, precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Ford, Borg Warner, Chrysler, the U.S. Military, and Nike.
And with a book value of $1.61/share USD.. its a no brainer from here.
In and nibbling away.
GLTA & JMO
With the current NCIB the share price is poised for a huge rally.
GLTA & JMO
And more new contracts. All in USD.
GLTA & JMO
Float is tiny at 11M here.
GLTA & JMO
Omni-Lite Industries Delivers Strong Results in Fiscal Year 2015
Revenue Increases 28% over prior year
Adjusted EBITDA Up 86% year-over-year to $2.3 Million US
Net Income Increased by 89%
EPS increased by 94%
CERRITOS, CA, May 2, 2016 /CNW/ - For the year ended December 31, 2015, Omni-Lite Industries Canada Inc. (the "Company") (TSXV:OML; OTCQX:OLNCF) is pleased to announce record audited annual revenue of $7,479,958 US, an increase of 28 percent over revenues in 2014. In the 2015 fiscal period, cash flow from operations increased to $2,136,228 US versus $1,269,725 US in 2014, a gain of 68 percent. Adjusted EBITDA increased from $1,255,133 US in 2014 to $2,336,275 US in 2015, an increase of 86%.
"The Company delivered significant improvement in many financial metrics in 2015. Net income was up 89 percent and earnings per share increased 94 percent," stated David F. Grant, CEO. "Subsequent to the year-end, Omni-Lite received a three year contract from a major tier one aerospace company. In addition, the Company has received a number of military contracts that continue the important U.S. Department of Defense programs that began in 2014. These contracts represent a tremendous vote of confidence in the state of the art engineering and manufacturing facility that the Company has built in Southern California and point to continued growth in 2016 and beyond."
Net income: Net income was $884,975 US, compared to $469,283 US in 2014.
Earnings per share: Basic earnings per share were $0.08 US in 2015 compared to $0.04 US in 2014 based on the weighted average number of shares outstanding of 11,660,362 versus 11,982,866 in 2014. The weighted average number of shares decreased approximately 3 percent over the prior year. As part of an ongoing Normal Course Issuer Bid, the Company repurchased 561,900 shares in 2015 which were subsequently cancelled. The actual number of shares outstanding at December 31, 2015 was 11,411,041. Year-end book value was approximately $1.61 US per share. Subsequent to year end, the Company repurchased another 255,000 shares pursuant to the Normal Course Issuer Bid leaving 11,126,507 shares issued and outstanding at April 29, 2016.
"Based on International Reporting Standards ("IFRS"), the Company has taken a non-recurring provision of $184,876 US to write-down the inventory value of two legacy military components, for which meaningful sales have not occurred in the last 36 months. Management feels that these products have a high value and will be sold as US military budgets increase. Gross margin, excluding the non-recurring write-down provision for inventory, increased to 57 percent from 55 percent in 2015," stated David Grant. "As a company with significant fixed assets, tax considerations can have a significant effect on income. In 2015, deferred tax expense (a non-cash item) increased to $174,937 US from a credit of $297,493 US in 2014, as a result of a reduction of tax losses carried forward to future years. Deferred income tax expense reflects, in part, the effect of temporary tax-to-book differences in the depreciation in the carrying value of the Company's large base of capital equipment. These potential swings in the income statement lead most investors to evaluate a company like Omni-Lite on an EBITDA and Adjusted EBITDA basis."
The Company is also pleased to note that it has received new contracts in the amount of $433,000 US. Of these orders, approximately 30% are in the Aerospace division, 32% are in the Specialty Automotive division, and 38% are in the Sports and Recreational division. This brings the total value of new orders announced in the last three months to over $4,200,849 US. Of these 40% are in the Aerospace division, 30% are in the Military division, 24% are in the Specialty Automotive division and 6% are in the Sports and Recreational division. At the US to CAD currency exchange rate of April 29, 2016, these orders are valued at approximately $5,293,000 CAD.
For complete results, please visit www.sedar.com or request a copy from the Company.
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures mission critical, precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Ford, Borg Warner, Chrysler, the U.S. Military, and Nike.
Omni-Lite Industries Receives Military Contract Valued at $1.24 Million US
CERRITOS, CA, April 21, 2016 /CNW/ - Omni-Lite Industries Canada Inc. (the "Company") (TSXV:OML; OTCQX:OLNCF) is pleased to announce that it has received follow-on orders for the continuation of the large scale military programs initially announced in November 2015. The value of these orders is approximately $1,246,000 US or $1,585,850 CAD at the exchange rate of April 20, 2016.
"The first deliveries begin in May and the shipments are expected to be completed in the fourth quarter of 2016. This condensed time frame may require that the Company put additional equipment on the program as the delivery requirements are up to 60% higher than those of the prior year," stated Allen Maxin, President. "These orders represent a tremendous vote of confidence in the state of the art engineering and manufacturing facility that the Company has built in Southern California and highlight our continued role with the U.S. Military."
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures mission critical, precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Ford, Borg Warner, Chrysler, the U.S. Military, and Nike.
Omni-Lite Industries Announces New Orders and Important Process Patent
~ New bookings of over $781,000 US
~ New patent for key manufacturing process
CERRITOS, CA, April 5, 2016 /CNW/ - Omni-Lite Industries Canada Inc. (the "Company") (TSXV:OML; OTCQX:OLNCF) is pleased to note that it has received new contracts in the amount of $781,043 US. Of these orders, approximately 63% are in the Aerospace division, 30% are in the Specialty Automotive division, and 7% are in the Sports and Recreational division. This brings the total value of new orders announced in the last two months to $2,521,849 US. Of these 61% are in the Aerospace division, 35% are in the Specialty Automotive division and 4% are in the Sports and Recreational division. At the US to CAD currency exchange rate of April 4, 2016, these orders are valued at approximately $3,280,540 CAD.
"The Company has received close to $1,500,000 US in new orders in the Aerospace division in the last two months," stated Allen Maxin, President. "Omni-Lite's multifaceted support of the aerospace industry is gaining traction as the Company continues to develop mission critical components utilized on most of the aircraft currently being manufactured. To continue this growth in this expanding industry, Omni-Lite is in the final stages of negotiating another long term contract with a major tier one aerospace customer. These long term contracts potentially contribute significantly to the backlog of the Company, which is now approximately twice what it was at the start of 2015. The Company continues to maintain a book to bill ratio well in excess of 1.5."
The 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."
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures mission critical, precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Ford, Borg Warner, Chrysler, the U.S. Military, and Nike.
Omni-Lite Industries Reports New Contract Awards
• Aerospace Orders Set New Pace
• Initiation of Long Term LOA in Automotive Division
• New Bookings of Over $987,400 US
CERRITOS, CA, Feb. 19, 2016 /CNW/ - Omni-Lite Industries Canada Inc. (the "Company") (TSXV:OML.V - News) (OTCQX:OLNCF - News) is pleased to note that it has received new contracts in the amount of $987,417 US. Of these orders, approximately 75% are in the Aerospace division, 24% are in the Specialty Automotive division, and 1% are in the Sports and Recreational division. This brings the total number of new orders announced in the last two weeks to $1,740,806 US. Of these 59% are in the Aerospace division, 38% are in the Specialty Automotive division and 3% are in the Sports and Recreational division. At the US to CAD currency exchange rate of February 18, 2016, these orders would be worth approximately $2,402,000 CAD. Some of these aerospace orders follow the initiation of the multi-year aerospace contract announced February 12, 2016.
"The Company has received over $1,000,000 US in new orders in the Aerospace division in the last two weeks," stated Allen Maxin, President. "To continue growth in this expanding industry, Omni-Lite is currently negotiating another long term contract with a major tier one aerospace customer. It is anticipated that these negotiations will be completed in the first quarter. Also of significance, a major automotive customer has requested production quantities of a part recently developed for a complex brake system. This component compliments a product currently in production."
The Company is also pleased to note that it has received the first purchase order for the multi-year automotive project first announced in May 2015. As noted in the Letter of Agreement ("LOA") initiating this project, if successful, the program is intended to continue approximately 20 years. As part of the LOA, Omni-Lite has successfully delivered the first article prototypes to the customer. The next step in this program is the delivery of preproduction quantities for full scale trials. The Company expects to ship these components in the next 2 weeks.
"Omni-Lite is well positioned as a growth company in several growth industries," stated David Grant, Founder, CEO and Chairman of the Board. "Our investment in engineering, plant and equipment, material science and human capital is unmatched in the industry at a time when growth is demanding excellence in quality and on time delivery."
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Ford, Borg Warner, Chrysler, the U.S. Military, and Nike.
Omni-Lite Industries Reports New Contract Awards
• Aerospace Orders Set New Pace
• Initiation of Long Term LOA in Automotive Division
• New Bookings of Over $987,400 US
CERRITOS, CA, Feb. 19, 2016 /CNW/ - Omni-Lite Industries Canada Inc. (the "Company") (TSXV:OML.V - News) (OTCQX:OLNCF - News) is pleased to note that it has received new contracts in the amount of $987,417 US. Of these orders, approximately 75% are in the Aerospace division, 24% are in the Specialty Automotive division, and 1% are in the Sports and Recreational division. This brings the total number of new orders announced in the last two weeks to $1,740,806 US. Of these 59% are in the Aerospace division, 38% are in the Specialty Automotive division and 3% are in the Sports and Recreational division. At the US to CAD currency exchange rate of February 18, 2016, these orders would be worth approximately $2,402,000 CAD. Some of these aerospace orders follow the initiation of the multi-year aerospace contract announced February 12, 2016.
"The Company has received over $1,000,000 US in new orders in the Aerospace division in the last two weeks," stated Allen Maxin, President. "To continue growth in this expanding industry, Omni-Lite is currently negotiating another long term contract with a major tier one aerospace customer. It is anticipated that these negotiations will be completed in the first quarter. Also of significance, a major automotive customer has requested production quantities of a part recently developed for a complex brake system. This component compliments a product currently in production."
The Company is also pleased to note that it has received the first purchase order for the multi-year automotive project first announced in May 2015. As noted in the Letter of Agreement ("LOA") initiating this project, if successful, the program is intended to continue approximately 20 years. As part of the LOA, Omni-Lite has successfully delivered the first article prototypes to the customer. The next step in this program is the delivery of preproduction quantities for full scale trials. The Company expects to ship these components in the next 2 weeks.
"Omni-Lite is well positioned as a growth company in several growth industries," stated David Grant, Founder, CEO and Chairman of the Board. "Our investment in engineering, plant and equipment, material science and human capital is unmatched in the industry at a time when growth is demanding excellence in quality and on time delivery."
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Ford, Borg Warner, Chrysler, the U.S. Military, and Nike.
Omni-Lite Industries begins trading on the OTCQX market in the United States
CERRITOS, CA, Feb. 18, 2016 /CNW/ - Omni-Lite Industries Canada Inc. (the "Company") (TSXV: OML; OTCQX: OLNCF) would like to announce that the Company's common shares commenced trading today, under the symbol OLNCF, on the OTCQX® Best Market, a top tier public market in the United States.
The Company will continue to trade on the TSX Venture Exchange under the symbol OML.
"Omni-Lite Industries is pleased to join the OTCQX Best Market family and looks forward to sharing our growing opportunity with investors in the United States. The ability to improve the quality and availability of information to a broad group of investors at this critical time in the Company's trajectory is a very important step in enhancing shareholder value," stated David F. Grant, Founder, CEO and Chairman of the Board.
Troutman Sanders LLP serves as Omni-Lite Industries' Principal American Liaison ("PAL") on OTCQX, and as such is responsible for providing professional guidance on OTCQX requirements and U.S. federal securities laws.
Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Ford, Borg Warner, Chrysler, the U.S. Military, and Nike.
Omni-Lite Industries Announces Three Year Contract
CERRITOS, CA, Feb. 12, 2016 /CNW/ - Omni-Lite Industries Canada Inc. (the "Company") (TSXV:OML) (OTCBB:OLNCF) is pleased to announce that it has received a new $3,045,000 US (approximately $4,263,000 CAD), three year contract from a major tier one aerospace customer. Additional value could accrue to this program as this contract can be amended to include new components at anytime during the contract term. The Company is working with this customer to develop a series of new components to meet the production scale robotic assembly requirements demanded by the aerospace system integrators.
"This contract expands significantly on the projects we have undertaken for this customer over the last 10 years and represents a tremendous vote of confidence in the state of the art engineering and manufacturing facility that the Company has built in Southern California," stated Allen Maxin, President. "The aerospace industry is expected to show significant growth over the next decade. The Company has made a major long term effort to be an important contributor in this industry."
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Alcoa, Ford, Borg Warner, Chrysler, the U.S. Military, and Nike
Omni-Lite Industries Reports Record Annual Revenues
~ Fiscal 2015 Revenues Approximately $7,550,000 US
~ Production Output Increases 19.5% in Fiscal 2015
~ New Bookings of $753,389 US
CERRITOS, CA, Feb. 4, 2016 /CNW/ - Omni-Lite Industries Canada Inc. (the "Company") (TSXV:OML) (OTCBB:OLNCF) is pleased to note that it has received new contracts in the amount of $753,389 US. Of these orders, approximately 57% are in the Specialty Automotive division, 37% are in the Aerospace division, and 6% are in the Sports and Recreation division.
"The Company has recently received orders for two new components in the Aerospace division," stated Allen Maxin, President. "These components are being developed in conjunction with our large tier one aerospace customers to meet the production scale robotic assembly requirements demanded by the aerospace system integrators. The Company is also currently negotiating two long term contracts with major tier one aerospace customers. It is anticipated that these negotiations can be completed in the first quarter. The Company is continuing to see growth in many of its existing programs as customers prepare for 2016. Of significance, two automotive customers have notified the Company of increases in production for this year."
The Company's revenues in fiscal 2015 were a record of approximately $7,550,000 US. In Canadian dollar terms, based on December 31, 2015 exchange rates, 2015 revenues were a record at approximately $10,466,900.
Over the same twelve month period, the Company's production increased by approximately 19.5%. Of particular significance, military division sales grew to 29% of total sales in fiscal 2015.
The Company has completed the strategic review program previously announced on September 3, 2015. While Omni-Lite identified and evaluated a range of alternatives during this program, given the large organic opportunities now before the Company, the Board of Directors has unanimously concluded that the continued execution of the Vision 2020 Plan best positions Omni-Lite to drive long-term shareholder value.
"The Company is fortunate to have a very strong balance sheet as we enter 2016," stated David Grant, Chairman and CEO. "The Company is debt free, owns the manufacturing facility outright, and also has an important investment in its affiliate, California Nanotechnologies Corp. The Company has been generating strong financial metrics. All this leads to the pursuit of many options to enhance Omni-Lite's position in the marketplace."
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Alcoa, Ford, Borg Warner, Chrysler, the U.S. Military, and Nike.
Omni-Lite Industries Reports Strong Nine Month and Third Quarter Results
Nine Month Revenues Up 25%
Cash Flow from Operations Up 45%
Adjusted EBITDA(1) Up 54%
Third Quarter Gross Margin of 60.7%, a 332 Basis Point Increase
CERRITOS, CA, Nov. 20, 2015 /CNW/ - For the nine months ended September 30, 2015 Omni-Lite Industries Canada Inc. (the "Company" or "Omni-Lite") (TSXV:OML) (OTCBB:OLNCF) is pleased to report revenue of $6,017,254 US and cash flow from operations(1) of $1,987,909 US. Compared to the same period last year, revenue and cash flow from operations were up 25 percent and 45 percent respectively. Adjusted EBITDA(1) during the nine month period was $2,075,091 US, an increase of 54 percent compared to the same period last year. Net income was $1,250,347 US, an increase of 127 percent from the same period in 2014. In the first nine months of 2015, gross margin increased to 59.8 percent from 58.1 percent in the same period last year, a 165 basis point increase. Earnings per share in the nine month period were $0.11 compared to $0.05 last year. This represents a 134 percent increase year over year.
Revenue in the three month period ended September 30, 2015 was $2,002,623 US, an increase of 23% over the same period last year. Cash flow from operations(1) was $633,086 US, an increase of 37% over the same period in 2014. Adjusted EBITDA(1) over the period was $698,385 US, an increase of 51%. Net income in the third quarter was $370,453 US, an increase of 51% over 2014. Earnings per share in Q3 2015 were $0.03 US. Earnings per share increased 54% in the third quarter of 2015.
The Company is also pleased to note that, since the last press release of October 8, it has received new contracts in the amount of $733,424 US. Of these orders, approximately 54% are in the Aerospace division, 39% are in the Specialty Automotive division, and 7% are in the Sports and Recreational division. "The Company has recently received orders for two new families of components in the Aerospace division," stated Allen Maxin, President. "These components are being developed to meet the future robotic assembly needs of the aerospace industry. Initial production quantities of these components are to be delivered by December 2015."
The Company has purchased a total of 369,300 shares during the period from January 1, 2015 to November 19, 2015.
To meet the inspection and certification needs of many aerospace, military and automotive customers, the Company has ordered a new $45,000 US, Olympus GX51 Metallurgical microscope. "This system is a state of the art microscope which has the latest features for viewing, measuring and recording key features of the materials and components utilized and produced at Omni-Lite," stated John Sidener, Quality Manager. "This system will allow the Company to bring in-house many of the expensive and lengthy certification processes that now rely on outside vendors."
"The improved revenues, gross margins, cash flow, Adjusted EBITDA(1) and net income attained in the first three quarters of 2015 are the result of the Company's continued strong growth in the Military and Aerospace divisions," stated David F. Grant, CEO. "These positive results could have bearing in the on-going strategic review which began in September 2015."
Omni-Lite is a rapidly growing high technology company that develops and manufactures precision components utilized by several Fortune 500 Companies including Boeing, Airbus, Alcoa, Ford, Caterpillar, Borg Warner, Chrysler, the U.S. Military, and Nike.
And another new 52 week high. $2.13
Could be a trend for the rest of the year.
GLTA & JMO
And another 52 Week High.
Currently sitting at $2.10 HOD
GLTA & JMO
New 52 week high. $2
GO OML!
GLTA & JMO
Gotta love it when they grant options at above current Market Price.
Bodes well for all of us long term shareholders. Likely means they expect the PPS to climb significantly higher.
GLTA & JMO
Omni-Lite Industries Appoints Mr. Roger Dent as Board Member
Tuesday 20 October 2015
CERRITOS, CA, Oct. 20, 2015 /CNW/ - Omni-Lite Industries Canada Inc. (the "Company" or "Omni-Lite") (TSXV:OML) (OTCBB:OLNCF) is pleased to announce the appointment of Mr. Roger Dent to replace Mr. Norman Goodrich on the Board of Directors. Mr. Dent will also take Mr. Goodrich's position on the audit committee of Omni-Lite. Mr. Roger Dent is the Chief Executive Officer of Quinsam Capital Corporation and is a director of Quinsam Opportunities I Inc., Quia Resources Inc. and ACUITYAds Inc. Mr. Dent also serves as a Director of California Nanotechnologies Corp., a company founded by Omni-Lite in 2005, and as a member of the advisory board of Energex Petroleum Inc. From 2003 to 2011, he has held various positions including portfolio manager with Matrix Fund Management Inc., where he managed the Matrix Strategic Small Cap Fund and the Matrix Small Companies Fund. He was formerly vice-chairman of one of Canada's largest independent investment dealers and was managing director and deputy manager of research at CIBC World Markets. He has a Masters of Business Administration from Harvard Business School and a Bachelor of Commerce degree from Queen's University.
Mr. Goodrich has been a member of the Board since near the Company's inception and as such has made a very significant contribution to the Company's success. Mr. Goodrich will continue his efforts to support the Company as a consultant. "The Company thanks Mr. Goodrich for his invaluable guidance over the years and wishes him every success in his future endeavours," stated David F. Grant, Chairman of the Board and CEO.
Pursuant to its stock option plan and in accordance with the policies and approval of the TSX Venture Exchange, the Board of Directors has approved a grant of 50,000 stock options to Mr. Dent. These options vest equally over a period of 3 years and are exercisable on or before October 19, 2020 at an exercise price of $1.98 per share.
"I have been an investor in and have followed the progress of Omni-Lite for many years," stated Mr. Dent. "Given Omni-Lite's robust performance and business outlook and the strategic review process now underway, it is a very interesting time to be joining the effort to help the Company achieve success."
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Alcoa, Ford, Borg Warner, Chrysler, the U.S. Military, Nike, and adidas
New 52 week high today.
Nice to see us closing in on $2 ahead of schedule.
GLTA & JMO
Omni-Lite reports second best nine months on record
• New bookings of $493,505 US
• Nine month revenues approximately $6,017,000 US
• Third quarter revenues approximately $2,002,000 US
• Production output increases 30% in first nine months
CERRITOS, CA, Oct. 8, 2015 /CNW/ - Omni-Lite Industries Canada Inc. (the "Company") (TSXV:OML) (OTCBB:OLNCF) is pleased to note that it has received new contracts in the amount of $493,505 US. Of these orders, approximately 40% are in the Sports and Recreation division, 37% are in the Aerospace division, and 22% are in the Specialty Automotive division.
"The Company has recently received approval for three new components in the Aerospace division," stated Allen Maxin, President. "The initial production quantities of these components were delivered in the last part of September. These components are part of a new development program by a major Omni-Lite customer and could play a role in the aerospace industry for years to come."
The Company's revenues in the first nine months of fiscal 2015 were approximately $6,017,000 US. This represents an increase of 25% over revenues in the first nine months of 2014. In Canadian dollar terms, at September 30, 2015 exchange rates, this would be approximately $8,047,000 which would be a new high for Canadian dollar revenues in the first nine months of the year. This milestone would exceed the Company's previous Canadian dollar revenue high recorded in 2008 by approximately 27%. Over the same period, the Company's production output increased by approximately 30%. Of particular significance, military sales grew to 28% of total sales in the nine month period.
"The Company is seeing growth in many of its existing programs as customers prepare for 2016," stated Michael Walker, Vice President of Research and Development. "Two automotive customers have notified the Company that increases in production are anticipated after the start of the year."
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Alcoa, Ford, Borg Warner, Chrysler, the U.S. Military, Nike, and adidas.
Not a bad day here. Up she goes and with volume this week.
New 52 Week High today.
GLTA & JMO
Omni-Lite reports new orders, strong revenues for first eight months and enters into strategic review agreement
• New bookings of over $790,900 US
• Eight month revenues approximately $4,896,100 US, Up 21%
• Production output increases 34% in first eight months
CERRITOS, CA, Sept. 3, 2015 /CNW/ - Omni-Lite Industries Canada Inc. (the "Company") (TSXV:OML) (OTCBB:OLNCF) is pleased to note that it has received new contracts that exceed $790,900 US. Of these orders, approximately 52% are in the Aerospace division, 40% are in the Specialty Automotive division and 8% are in the Sports and Recreational division. "As forecast, the Company continues to see growth in the aerospace industry," stated Allen Maxin, President. "The Company is continuing to develop new customers and new products in this exciting and dynamic space."
The Company's revenues in the first eight months of fiscal 2015 were approximately $4,896,100 US. This represents an increase of 21% over revenues in the first eight months of 2014. Over the same period, the Company's production output increased by approximately 34%. Of particular significance, military sales grew to 28% of total sales in the eight month period.
The Company is pleased to announce that it has retained Cypress Associates LLC ("Cypress") to advise the Company on its review of potential strategic and financial opportunities. Cypress is a nationally-recognized boutique investment banking firm, providing mergers and acquisition expertise, restructuring advisory services, and private placements of debt and equity securities. Cypress has offices strategically situated in New York City, San Francisco and Austin. Chuck Samkoff is a Managing Director of Cypress and also a director of Omni-Lite, and as such will recluse himself from board decisions regarding this review.
The Company is also pleased to note that Mr. Joseph Lee has joined the Company as a consultant. Mr. Lee was recently the Director of Engineering of a large aerospace company and brings over 53 years of experience to Omni-Lite. "Joe has been instrumental in helping Omni-Lite develop its engineering expertise in the aerospace industry for over 15 years", stated Michael Walker, VP of R&D. "We, at Omni-Lite, look forward to continuing this long and successful relationship."
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Alcoa, Ford, Borg Warner, Chrysler, the U.S. Military, Nike, and adidas.
Omni-Lite Industries Appoints Mr. Sébastien Goulet as Board Member
CERRITOS, CA, Aug. 11, 2015 /CNW/ - Omni-Lite Industries Canada Inc. (the "Company" or "Omni-Lite") (TSXV:OML) (OTCBB:OLNCF) is pleased to announce the appointment of Sébastien Goulet to the Board of Directors.
"Sébastien Goulet has been involved with Omni-Lite on several projects over the last six months and as a result has an excellent understanding of the needs and requirements of the Company," stated David F. Grant, CEO and Chairman of the Board of Directors. "Sébastien has also had a long history with key companies in the aerospace, defense, and industrial marketplaces, some of which could be future customers and partners of Omni-Lite."
With over 15 years as a senior executive leading global corporate strategies and operations, Mr. Goulet has extensive experience in the Aerospace, Automotive, Energy, Industrial, Medical and Fitness Industries. By combining his P&L expertise and Lean/Six Sigma/Operations/Supply Chain experience, he has contributed to the development of a new business approach that combines Sales and Marketing advantages with operational excellence. His understanding of key business metrics and processes has allowed Mr. Goulet to implement and lead global operations and business strategies.
At GE, Sébastien was Global Sourcing Manager and Quality Director. At ITT, Sébastien was VP and Director of Global Operations and as such lead their nine P&L and global manufacturing centers to a new improved level of performance. Previous work assignments also included Deutsch Connectors (EVP Industrial Strategies), Nautilus (SVP Operations and GM Commercial Division), PerkinElmer Optoelectronics (VP/GM Specialty Lighting and VP Global Operations), and Fläkt Woods (VP Global Operations UK). In the past few years, Sébastien has worked, as a consultant with Airspeed Equity of San Diego, in implementing operational, sales, marketing and financial business improvements for several companies.
Sébastien holds a Masters Degree in Engineering Management, a Masters in Manufacturing Engineering, a Bachelor of Science in Mechanical Engineering and a Bachelor of Science in Aerospace Engineering, all from Syracuse University. He is fluent in English, French and has intermediate Spanish language skills.
Pursuant to its stock option plan and in accordance with the policies and approval of the TSX Venture Exchange, the Board of Directors has approved a grant of 50,000 stock options to Mr. Goulet. These options vest equally over a period of 3 years and are exercisable on or before August 11, 2020 at an exercise price of $1.58 per common share.
The Company is regretfully announcing the resignation of Donald J. Kelly from the Board of Directors. "Don was one of the founding members of Omni-Lite and has been a friend and mentor to many of the Omni-Lite family," stated David F. Grant, Chairman and CEO. "Don will be very difficult to replace. We wish him the very best in his future endeavors."
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Alcoa, Ford, Borg Warner, Chrysler, the U.S. Military, Nike, and adidas.
Omni-Lite Industries Reports Strong Six Month and Second Quarter Results
- Six Month Revenues Up 26%
- Cash Flow from Operations Up 49% Over Six Months
- Six Month Adjusted EBITDA(1) Up 48%
- Second Quarter Gross Margin of 60.2%, a 250 Basis Point Increase
CERRITOS, CA, July 20, 2015 /CNW/ - For the six months ended June 30, 2015 Omni-Lite Industries Canada Inc. (the "Company") (TSXV:OML) (OTCBB:OLNCF) is pleased to report revenue of $4,014,631 US and cash flow from operations(1) of $1,354,823 US. Over the same period last year, revenue and cash flow from operations were up 26 percent and 49 percent respectively. Adjusted EBITDA(1) over the six month period was $1,344,507 US, an increase of 48 percent over the prior period. Net income was $879,894 US, an increase of 189 percent from the prior period. In 2015 gross margin increased to 59.3 percent from 58.5 percent in the same period last year. Earnings per share in the six month period were $0.08 compared to $0.03 in the prior period. This represents a 200 percent increase year over year.
Revenue in the three month period ended June 30, 2015 was $2,241,296 US, an increase of 24% over the same period in 2014 and the second best June quarter in the Company's history. Cash flow from operations(1) over the same period was $829,469 US an increase of 55% over the same period in 2014. Adjusted EBITDA(1) over the period was $831,276 US, an increase of 56%. Net income in the second quarter was $567,581 US, an increase of 116% over 2014. Earnings per share in Q2 2015 were $0.05 US. Earnings per share increased 122% in the second quarter of 2015 over the second quarter of 2014 and gross margin increased to 60.2 percent, a 250 basis point increase.
"The improved revenues, gross margins, cash flow, Adjusted EBITDA(1), net income, and earnings per share measured in the first two quarters of 2015 were the result of the Company's continued strong growth in the Military, Aerospace, and Specialty Automotive divisions," stated David F. Grant, CEO, "The sophistication of the new seven die progressive cold forging system arriving in the third quarter of this year will be critical to the Company's engineering success as its unique capabilities will contribute to several key projects currently underway or planned for the near future."
(1) Cash flow from operations is a non-GAAP term requested by the oil and gas investment community that represents net earnings adjusted for non-cash items including depreciation, depletion and amortization, future income taxes, asset write-downs and gains (losses) on sale of assets, if any. Adjusted EBITDA is a non-GAAP financial measure defined as earnings before interest, taxes, depreciation, amortization, stock-based compensation provision, gains (losses) on sale of assets, if any. These are non-GAAP financial measures, as defined herein, and should be read in conjunction with GAAP financial measures. These non-GAAP financial measures are not presented as an alternative to GAAP cash flows from operations, as a measure of our liquidity or as an alternative to reported net income as an indicator of our operating performance. The non-GAAP financial measures as used herein may not be comparable to similarly titled measures reported by other companies. We believe the use of Adjusted EBITDA and non-GAAP cash flow from continuing operations along with GAAP financial measures enhances the understanding of our operating results and may be useful to investors in comparing our operating performance with that of other companies and estimating our enterprise value. Adjusted EBITDA is also a useful tool in evaluating the operating results of the Company given the significant variation that can result from, for example, the timing of capital expenditures and the amount of working capital in support of our programs and contracts. We also use Adjusted EBITDA internally to evaluate the operating performance of the Company, to allocate resources and capital, and to evaluate future growth opportunities.
Please see www.sedar.com or contact the Company for complete results.
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Alcoa, Ford, Borg Warner, Chrysler, the U.S. Military, Nike, and adidas.
Omni-Lite reports new orders and strong revenues for first six months
CERRITOS, CA, July 9, 2015 /CNW/ - Omni-Lite Industries Canada Inc. (the "Company") (TSXV:OML) (OTCBB:OLNCF) is pleased to note that it has received new contracts in the amount of $990,416 US. Several of these contracts are for new components ordered by a large aerospace customer. Of these orders, approximately 39% are in the Aerospace division, 34% are in the Sports and Recreation division and 27% are in the Specialty Automotive division.
The Company's revenues in the first six months of fiscal 2015 were approximately $4,014,000 US. This represents an increase of 26% over revenues in the first six months of 2014. Over the same period, the Company's production output increased by approximately 31%. Of particular significance, military sales grew to 30% of total sales in the six month period. Second quarter revenues were approximately $2,240,000 US, a 24% increase from the previous period.
"As the newly announced orders demonstrate, the Company continues to see organic growth in the aerospace division," stated Vern Brown, Manufacturing Manager. "The delivery of three new components to one of our major aerospace customers is the result of an aggressive strategy in this expanding area."
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Alcoa, Ford, Borg Warner, Chrysler, the U.S. Military, Nike, and adidas.
Slow and steady. :)
Trying to get a few without sending this up 100%
LOL
GLTA & JMO
Omni-Lite Issues Stock Options
CERRITOS, CA, June 15, 2015 /CNW/ - Omni-Lite Industries Canada Inc. (the "Company") (TSXV: OML) would like to announce that it has granted 180,000 incentive stock options on June 12, 2015 to the directors and officers of the Company. The options were granted pursuant to the Company's Stock Option plan, which received shareholder approval at the Annual General and Special Meeting held on October 17, 2014. The options were granted at the exercise price of $1.35 per share which was the closing market price on June 12, 2015. The stock options will expire after a five year period and are subject to TSX Venture Exchange requirements.
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Alcoa, Ford, Borg Warner, Chrysler, the U.S. Military, Nike, and adidas.
Looks like the company bought back 7500 shares today.
:)
GLTA & JMO
Shes starting to move..
Low float and insiders own a lot of it.
Buyback happening.. Good news keeps coming.
This one could get up there in a hurry.
GLTA & JMO
Omni-Lite Signs Long-Term Letter of Agreement with Current Automotive Customer
~ Revenues increase by 25% in first four months of 2015
~ Production output increases 37% in first four months
~ Omni-Lite receives large forging system back from Japan
~ US$577,413 in new contracts announced
CERRITOS, CA, May 26, 2015 /CNW/ - Omni-Lite Industries Canada Inc. (the "Company") (TSXV: OML) is pleased to note that it has recently signed a long-term Letter of Agreement with an existing automotive customer. It is the intention of both parties to complete a Strategic Alliance Agreement detailing this arrangement by June 20, 2015. This program could ultimately include the development of several products and could include new intellectual property that would be shared by the parties. As such, the agreement will extend over the life of the patent(s), which would be approximately 20 years. "This program represents a significant development for Omni-Lite as it highlights the point that major customers are now willing to develop long-term product development and supply agreements with the Company," stated Allen W. Maxin, president. "Under this agreement the first products will be provided by August this year. The production ramp up is anticipated to continue through 2015 and 2016."
The Company is also pleased to note that it has received new contracts in the amount of US$577,413. Of these orders, approximately 46% are in the Aerospace division, 39% are in the Specialty Automotive division and 15% are in the Sports and Recreation division.
The Company's revenues in the first four months of fiscal 2015 were approximately US$2,140,000. This represents an increase of approximately 25% over revenues in the first four months of 2014. Over the same period, the Company's production output increased by approximately 37%. Of particular significance, military sales grew from a very small base to become 29% of sales in the four month period.
"The Company has recently received the large forging system that was sent back to Japan in November last year," stated Michael Walker, VP of R and D. "Quickly putting this machine back in service will be critical to meeting the new demands from both the Aerospace and Automotive Industries. Our production will again be enhanced when we receive the new custom modified, seven station forging system that is arriving in August of this year."
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Alcoa, Ford, Borg Warner, Chrysler, the U.S. Military, Nike, and adidas.
Omni-Lite Industries Reports Strong First Quarter Results
April 28, 2015
~ Earnings per share up 671%
~ Net Income Up 633%
~ Cash Flow from Operations Up 40%
~ Revenues Up 29%
CERRITOS, CA, April 28, 2015 /CNW/ - For the three months ended March 31, 2015, Omni-Lite Industries Canada Inc. (the "Company") (TSXV: OML) is pleased to report revenue of US$1,773,335, an increase of 29% over the same period in 2014. In the first three months of this fiscal year, cash flow from operations(1) increased to US$525,354, an increase of 40% over last year. Net income was US$312,313, up 633% over the first quarter in 2014.
Omni-Lite is also pleased to note that it has received new contracts worth US$680,042. Of these orders, 54% are in the Specialty Automotive division, 40% are in the Aerospace division and 6% are in the Sports and Recreation division. "This brings the total value of the new orders announced in April 2015 to US$1,443,290," stated Allen W. Maxin, President. "Approximately 49 percent of these orders were from the aerospace industry. This is consistent with our planned growth strategy in this space."
(1) Please see 2014 Management Discussion and Analysis for detailed notes and definitions
In addition to the new seven station cold forging system arriving in July this year, the Company has purchased five new SK monitoring systems that enable state of the art control of the forming process on its complex manufacturing systems. "Our experience, with the nine SK systems that the Company has been utilizing for the last three years, is that production efficiencies increase dramatically and scrap and non-conforming parts are reduced significantly," stated Michael Walker, VP of R and D. "These systems will be installed in the Cerritos facility in May. The value of these SK systems is in excess of US$125,000."
"In the first three months of the year, the Company's financial performance continued to trend upward with key metrics such as cash flow from operations, net income and earnings per share increasing significantly," stated David F. Grant, CEO. "The US$2.2 million military contract announced in November 2014 continues to increase the Company's revenues in tandem with additional developments in the aerospace and specialty automotive markets."
For complete results, please visit www.sedar.com or request a copy from the Company.
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Alcoa, Ford, Borg Warner, Chrysler, the U.S. Military, Nike, and adidas.
Omni-Lite Industries Announces Additional Normal Course Issuer Bid
CERRITOS, CA, May 22, 2015 /CNW/ - Omni-Lite Industries Canada Inc. ("Omni-Lite" or the "Company") announces that it has submitted to the TSX Venture Exchange ("TSXV) its Notice of Intention to Make a Normal Course Issuer Bid ("Bid"). Pursuant to the Bid, the Company may purchase for cancellation up to 590,000 common shares of the Company which is equal to approximately 5 percent of the 11,823,376 issued and outstanding shares.
The purchases will be made by the Company through Cormark Securities Inc., in accordance with the rules of the TSXV. The price which the Company will pay for any such Common Shares will be the market price at the time of acquisition. The Company will make no purchases of Common Shares other than open market purchases or by other means approved by the TSXV.
The actual number of Common Shares of the Company that are purchased for cancellation under the Bid, if any, and the timing of such purchases will be determined by management as approved by the Board of Directors of the Company.
To the knowledge of the Company, no director, senior officer or other insider of Omni-Lite currently intends to sell any Common Shares into this Bid. In the case a director, senior officer, or insider does sell any common shares into the Bid, the benefits to any such person would be the same as the benefits available to all other holders whose shares are purchased.
To date, the Company has repurchased and canceled a total of 589,000 common shares pursuant to the previous normal course issuer bid which ends May 25, 2015.
Purchases may begin on May 26, 2015 and the Bid expires on May 25, 2016.
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Alcoa, Ford, Borg Warner, Chrysler, the U.S. Military, Nike, and adidas
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