Novus Robotics Inc (NRBT)

[martinm]

D & R Technology Expands Product Portfolio

Published: March 26, 2014


MISSISSAUGA, Ontario, March 26, 2014 (GLOBE NEWSWIRE) -- D & R Technology Inc, wholly owned subsidiary of Novus Robotics Inc. (NRBT), announces successful installation of the assembly equipment for aluminum components incorporated into Crash Management Systems (CMS) of the new BMW X4. The term "Crash Management System" is used to describe the structural module consisting of the bumper and the related attachments which connect to the vehicle and protection technology designed for the front and the rear of a vehicle in the event of a collision.

D & R developed innovative technologies and products combined with advanced design and manufacturing capabilities of our customers will in all probability result in higher performance and cost efficiency, thus opening new possibilities to expand the use of full-aluminum CMS in the mass-market car segments. Close collaboration with world-class automotive suppliers will further solidify D & R's unique position in the growing market for aluminum in the automotive industry.

Automotive sector analysts expect the use of aluminum CMS to increase in the next five years, particularly in European premium cars. By 2018, aluminum CMS are projected to capture about 30 percent of total European automotive market share. In the United States, aluminum CMS are expected to account for nearly 20 percent market share by 2018. Combined aluminum CMS production for China, Europe and North America is expected to reach more than 28 million units by 2018.

About D & R Technology Inc:

www.dnrtechnology.com

D & R Technology designs, manufactures, and markets industrial and consumer products. Through independent subsidiaries we provide state of the art automation technology solutions to enable customers to dramatically accelerate time-to-market and increase revenue.

D & R Technology Inc. is a recognized technology pioneer and market leader in the area of engineering, design and the manufacturing of automated tube processing solutions for the automotive industry. It is emerging as one of the world's leading providers of automated manufacturing solutions, which are used by three of the top ten automotive part suppliers in the world.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbour" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements relating to the future anticipated direction of the Company, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, potential contracts, and/or aspects of litigation. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, Novus Robotics Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions. Persons are encouraged to read our Annual Report on Form 10-K for the year ended December 31, 2012 and our other documents subsequently filed with the Securities and Exchange Commission for meaningful cautionary language in respect of forward-looking statements in this press release. Interested persons are able to obtain free copies of filings containing information about the Company at the SEC's internet site (http://www.sec.gov). The Company assumes no obligation to update any of these forward-looking statements.
CONTACT: Berardino Paolucci
7669 Kimbal Street
Mississauga, Ontario
Canada
[phone]
Source: Novus Robotics Inc.