- Overall footprint expanding 38% to 47,000 sq ft
- Starts development of new aerospace components
- Delivers key military component for customer review
LOS ANGELES, CA, May 24, 2016 /PRNewswire/ - Omni-Lite Industries Canada Inc. (the "Company" or "Omni-Lite") is pleased to announce that it has signed five year leases for two buildings adjacent to the 34,000 square foot facility that it owns in the heart of the Aerospace Industry in Southern California. These additional buildings will increase the total area of the Omni-Lite facility to approximately 47,000 sq ft. "The Company has been looking to expand the facility for several years and the availability of these two adjacent buildings will enlarge the area actually utilized for manufacturing by about 76%. This will allow the Company to install seven new cold forging systems that have been purchased over the last several years. When the installation of this equipment is completed, the capacity of the facility will be approximately $30,000,000 US per year," stated David Grant, CEO. "These additional machines are critical to completing the rush military orders that the Company is currently manufacturing."
"Omni-Lite's multifaceted support of the aerospace industry is gaining traction as the Company continues to develop mission critical components utilized on most of the aircraft currently being manufactured. The Company has recently begun the development of two additional components that are utilized in the robotic assembly of modern composite aircraft," stated Allen Maxin, President.
The Company is also pleased to note that it has received the Notice of Allowance from the US Patent Office accepting 12 of the Company's claims for a new patent that is key to manufacturing increasingly complex components at Omni-Lite. The Company has made this significant and expensive modification to seven of the cold forging systems in the Los Angeles facility, including the sophisticated seven die system commissioned in October of 2015. Due to the extent of these changes, these modifications were completed in Japan, at the location of Omni-Lite's OEM supplier. Utilizing this technology the Company has recently delivered a key component to a US military customer.
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures mission critical, precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Ford, Borg Warner, Chrysler, the U.S. Military, and Nike.
Except for historical information contained herein this document contains forward-looking statements. These statements contain known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Omni-Lite Industries Canada Inc.