MISSISSAUGA, Ontario, Sept. 19, 2007 (PRIME NEWSWIRE) -- D Mecatronics Inc. (Pink Sheets:DMTN) is pleased to announce today it has started production of the Chrysler DR RAM Pickup project.
Berardino Paolucci, Chief Executive Officer, commented, "This order, which will deliver our technology to make a Chrysler product, is another important milestone for our company. Chrysler is a world leader in the industry and we are very pleased that our technology will be used to make a fine Chrysler product. This is a very sizeable order for our company and could be worth substantially more with repeat business with other Chrysler lines. Our sales force has been hard at work over the summer to bring in new product lines to be introduced to the D Mecatronics systems. Our operations team has successfully completed our move into our larger and more robust facility and we are now in a position to grow our business in a very meaningful way."
D Mecatronics Inc. is a recognized technology pioneer and market leader in the area of Engineering, Design and the Manufacturing of automated solutions for the Automotive Industry and is rapidly becoming one of the world's leading providers of automated manufacturing solutions, which are used primarily by three of the top ten Tier 1 automotive part suppliers in the world. The Company also makes precision components and tooling using its own custom-built manufacturing systems, process knowledge and automation technology.
Formed and fabricated tubes are used to manufacture many different types of goods, with one of the most popular being automotive seat components. A D Mecatronics' integrated tube bending system is capable of loading the tubes, automatically detecting weld seam position, and by means of an overhead transfer system, indexing the tubes through a series of stations that will perform the required bending operations and any number of additional process steps such as tube downsizing, hole punching, part marking and forming. In most cases, a family of different components can be manufactured on one system via simple tooling or automated set-up changes. Station to station tube transfer, including end of line racking or hand-off, can be accomplished by pick and place automation or robot based handling systems. "Our systems offer companies not only a one stop solution but also a very simple and cost efficient model for any automated production line," added Mr. Paolucci.
D Mecatronics provides our customers with a flexible solution to their tube bending requirements. A degree of bend, orientation of bends and distance between bends are fully programmable parameters that allow a variety of parts to be processed on a single system. D Mecatronics also integrates a means to make real-time "hands off" adjustments to the bender set-ups to achieve final part print specifications. D Mecatronics produce particular systems which are mounted on sub-plate platforms and include tube magazines, servo powered bend heads and overhead pick and place servo transfer systems for tube loading and unloading from station to station.
D Mecatronics systems are available with a wide array of bend head configurations and options to suite the size and family of tubes to be processed. Fully integrated parts handling systems assure maximum productivity and high reliability. When equipped with non-contact gauging equipment, real time adjustments to program set-points can be made automatically as final part accuracy is being dialed in, or if material characteristics change unexpectedly.
Our capabilities include robot and press integration, tube de-bundling, tube benders, pierce, end & die forming modules, flow drill, de-burr, inspection, unload and racking. From fully automated systems to manually loaded stand alone machines, D Mecatronics can engineer the proper solution for 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.