MISSISSAUGA, Ontario, May 23, 2007 (PRIME NEWSWIRE) -- D Mecatronics Inc. (Pink Sheets:DMTN) 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.
As a reflection of unsurpassed performance in delivering products, which offer methodically structured planning, early recognition of process risks, re-use of proven processes, traceable changes and decisions and access to scattered process knowledge, D Mecatronics Inc. is pleased to announce yet another purchase order of 800,000 U.S., awarded to D Mecatronics by Johnson Controls Inc. Johnson Controls (NYSE:JCI) is a global leader in automotive experience, building efficiency and power solutions (www.johnsoncontrols.com). Customer service and satisfaction is our top priority. This is only achieved by delivering a high quality system, backed by integrity and principle. We believe that the success of D Mecatronics is measured by our customer satisfaction. As systems integrators, we provide solutions that are driven entirely by our customer's needs. Our ability to listen, understand and respond to our customers' requirements are key factors in our continued success, and repeat contracts.
In light of our past and present achievements, management is delighted to announce that of the Company's revenue objective for 2007, D Mecatronics Inc. is positioned for continued revenue and profitability growth.
Mr. Berardino Paolucci, President and Chief Executive Officer stated, "We continue to be positive about the future of our business and the markets in which we participate. Demand for our automated products is expanding globally, including here in the United States, with D Mecatronics Inc. strengthening its competitive position and growing through aggressive expansion plans. Overall, we see many exciting opportunities for D Mecatronics technologies and products, which are increasingly needed in our changing world." Mr. Paolucci continues to state, "These new contracts represent just the tip of the iceberg of new project volume in our sales funnel that we are very excited about."
Drasko Karanovic, President and CEO of D&R Technology Inc. (a wholly owned subsidiary of D Mecatronics Inc.) comments, "D Mecatronics products have garnered international attention from prime manufacturers and trade media in anticipation of the tremendous productivity gains we are making in our field. D Mecatronics Inc.'s management team is considered veterans in our industry and in my opinion, considered the undisputed forerunners in developing state of the art technologies. D Mecatronics retains the intellectual property rights for their innovations in the production of IP Tube systems and Integrated Bend - Weld Systems and other projects."
Today's automotive enterprises must continually increase their productivity in order to compete effectively. This requires shorter delivery times, reduced operating costs, optimal utilization of capacities and optimized material and information flow, which is the continued primary focus D Mecatronics Inc. offers to our customers.
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Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.