Small-Cap Investor Forum

[MissionIR]

Advanced Steel Recovery Awards Contract to National Technical Systems (NTSC)

National Technical Systems, Inc. (“NTS”) yesterday announced that it has been awarded a contract from Advanced Steel Recovery. The contract will see NTS providing ASR with a second FASTek Mobile Loading Machine for recycling scrap metals. The contract has been valued at almost $1 million.

National Technical Systems is focused on providing testing and engineering services to the aerospace, defense, telecommunications, automotive, and high technology markets. Advanced Steel Recovery is the scrap metal recycling company that created and patented the FASTek device, and is America’s 33rd largest exporter of container cargo, among the top two for containerized, ferrous scrap.

The FASTek machine is a self-contained, 55-foot long, 93,000 pound device that can reduce the needed time to process up to 58,000 pounds of scrap from approximately three hours down to about 15 minutes. The FASTek machine also boasts the ability to be transported to where it’s needed, such as construction sites and scrap recycling yards for easier and quicker recycling. FASTek is also able to be monitored through any web-enabled computer or device.

Building the machine will take approximately five months, and is expected to be shipped in concurrence with the Institute of Scrap Recycling Industries 2012 Annual Convention and Exposition, to be held in Las Vegas in April.

“The fact that we will be fabricating, assembling and testing this mobile machine is another excellent demonstration of the breadth of our capabilities,” NTS CEO William McGinnis said. “Winning repeat business from a satisfied customer like ASR is also a strong indication that there is growing demand for our new services and that NTS has proven its ability to deliver.”

“This second mobile machine builds on the long and successful relationship between ASR and NTS,” said Dave Brown, General Manager of the NTS Engineering Services Group. “It provides our customer with an increased ability to service scrap recycling locations that would not normally enjoy the benefit of such a process, and it capitalizes on the unique and efficient fabrication capabilities of NTS’ Engineering Services Group.”