TNSB.OB announces $860,000 order. Pretty good news for a company with $1.6M in revenue last quarter. TNSB was only breakeven in fiscal Q1, but they earned .09/share the quarter before that. They've got an easy Q2 comp coming up next month. With their strong backlog, they could post earnings of .03+/share on $2M in revenue. Stock would likely head back to $1 if that happened. Current spread is crazy, but might be a decent one to accumulate near the bid of .50.
Transbotics Secures AGV System Order in the Plastic Container Industry
Friday May 13, 5:54 pm ET
CHARLOTTE, N.C.--(BUSINESS WIRE)--May 13, 2005--Transbotics Corporation, (OTCBB: TNSB - News; www.transbotics.com), has received an order for an Automatic Guided Vehicle (AGV) system from an existing customer in the plastic container industry. The order, totaling approximately $860,000, provides for delivery of an AGV system over the next five months and includes multiple vehicles, controls, hardware, software, engineering services and other related equipment. The companies are continuing to discuss certain details of the terms and conditions of sale.
"We are very pleased to have been selected by this very important customer for their automation project" stated Claude Imbleau, President of Transbotics Corporation.
For over 20 years Transbotics Corporation has specialized in the design, development, support and installation of automation solutions with an emphasis on Automatic Guided Vehicles (AGVs). The Company is a North American Automation Solutions Integrator that manufactures, installs and supports various automation technologies including: AGVs, robotics, batteries, chargers, motors and other related products.
Transbotics provides unique automation solutions to a variety of industries, including automotive (tier one supplier), food and beverage, paper and allied products, newsprint and publishing, entertainment, microelectronics, plastics and primary metals. Transbotics' current customers include Fortune 500 companies as well as small manufacturing companies.
This release (including information incorporated by reference herein) may be deemed to contain certain forward-looking statements with respect to the financial condition, results of operation, plans, objectives, future performance and business of the Company. These forward-looking statements involve certain risk, including, without limitation, the uncertainties detailed in Transbotics Corporation Securities and Exchange Commission filings.
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Contact:
Transbotics Corporation
Claude Imbleau, 704-362-1115
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Source: Transbotics Corporation
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