JBT Corporation Announces AGV System Contracts from Ford
CHICAGO, Sept. 12, 2013 /PRNewswire/ -- JBT Corporation (NYSE: JBT) today announced it has received orders for JBT automatic guided vehicle (AGV) systems in excess of $10 million from Ford Motor Company.
These new orders include expanding existing AGV installations and integrating AGVs into new manufacturing areas that have not previously utilized automated material delivery.
"Ford has been a valued JBT customer for over a decade and we are happy to continue this strong relationship," stated John Lee, Vice President of JBT AeroTech. "With over 250 JBT AGVs operating in their manufacturing plants, this order shows Ford's deep commitment to the technology and thorough understanding of how our AGVs add to their bottom line."
Delivery of the AGVs are scheduled through the third quarter of 2014 with final commissioning in the fourth quarter of 2014.
About JBT Corporation
JBT Corporation (NYSE: JBT) is a leading global solutions provider to the food processing and air transportation industries. JBT Corporation designs, manufactures, tests and services technologically sophisticated systems and products for regional and multi-national industrial food processing customers through its JBT FoodTech segment and for domestic and international air transportation customers through its JBT AeroTech segment. JBT Corporation employs approximately 3,300 people worldwide and operates sales, service, manufacturing and sourcing operations located in over 25 countries. For more information please visit www.jbtcorporation.com or http://www.jbtc-agv.com.
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond the Company's ability to control. These risks and uncertainties are described under the caption "Risk Factors" in the Company's Annual Report on Form 10-K filed by the Company with the Securities and Exchange Commission that may be accessed on the Company's website. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.
SOURCE JBT Corporation