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Omni-Lite Announces New Orders for Critical Components Utilized

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junkHustler Member Level  Wednesday, 06/21/17 09:10:24 AM
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Omni-Lite Announces New Orders for Critical Components Utilized in Robotic Assembly of Modern Aircraft and First Production Run From Hot Forging Test Center

~ Development of a new family of aerospace components for a major c ustomer
~ First aerospace production run for hot forging system

Omni-Lite Industries Canada Inc. (TSXV:OML) (OTCQX:OLNCF) (the “Company” or “Omni-Lite”) is pleased to announce that the aerospace division of the Company is continuing to grow with an additional development order announced on May 30, 2017. "This is the second order for this family of components that the company has received in the last three weeks," stated Vern Brown, Manufacturing Manager. "Of particular significance, the company has been notified that it will be receiving orders for several other components in this line over the next month." These components offer critical features for the new robotic assembly systems being developed for all modern aircraft. In another milestone for Omni-Lite, this is the first time the Company has manufactured all the metal subcomponents of a multipart aerospace fastener. With this advancement, the customer will basically be assembling and conducting final quality tests on the completed product. This attests to the strategic influence and presence that the company is gaining in the Aerospace Industry.

The Company is also pleased to announce that several customers are continuing to evaluate the first Ti 6Al-4V component produced on the hot forming test center at Omni-Lite. It is expected that the qualification of these Titanium components will take several months. During this period, the Company has begun the setup of a new aerospace component manufactured from 17-4 stainless steel. It is anticipated that this will be the first hot forging production run on this $900,000 US system.

These products are scheduled to be delivered to the customer next month. "This program will further demonstrate the flexibility built into the test center," stated Michael Walker, VP of R and D. "If things continue as planned the Company could convert several of it's existing cold forging systems to duplicate the hot forging characteristics of the test center."

Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures mission critical, precision components utilized by Fortune 100 companies including Boeing, Airbus, Bombardier, Embraer, Alcoa, Ford, Borg Warner, Chrysler, John Deere, the U.S. Military and Nike.

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