Paragon Technologies' SI Systems' Production & Assembly Brand Lands $800,000 Contract for an Automated Assembly Conveyor
27 Julho 2006 - 9:00AM
PR Newswire (US)
EASTON, Pa., July 27 /PRNewswire-FirstCall/ -- Paragon
Technologies, Inc. (AMEX:PTG), a leading supplier of "smart"
material handling solutions, including systems, technologies,
products and services, announced today that its SI Systems'
Production & Assembly brand received an order totaling
approximately $800,000 to furnish and install an automated conveyor
system for a manufacturer of recreational vehicles. Detailed terms
of the contract were not disclosed. The system will be similar to
an assembly conveyor system furnished by SI Systems to this
customer in February 2005. This Midwest-based Company is a
worldwide leader in the recreational and utility vehicle industry,
which sets the standard in that industry for performance and
innovation. Their product range is known for its unprecedented
combination of power and comfort. Joel Hoffner, President and CEO
of Paragon Technologies, states, "Our SI Systems' Production &
Assembly brand continues to offer ergonomically designed assembly
conveyor systems to high profile manufacturers, particularly those
involved with marketing various types of recreational and utility
vehicles. We are delighted that as this manufacturer continues to
grow to meet the demand for their products, and that they have once
again partnered with SI Systems based on our ability and reputation
to furnish customized and ergonomically designed conveyor
solutions." About Paragon Technologies Paragon Technologies is a
leader in integrating material handling systems and creating
automated solutions for material flow applications. SI Systems'
Production & Assembly and Order Fulfillment branded
technologies and material handling solutions address unit assembly
in manufacturing operations and order fulfillment applications. One
of the top material handling systems suppliers worldwide, SI
Systems leading clients have included the United States Postal
Service, BMG, Peterbilt, Honda, CVS Pharmacy, Maybelline, and
Walgreens. Cautionary Statement. Certain statements contained
herein are not based on historical fact and are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995 and the Securities and Exchange Commission
rules, regulations and releases. Paragon intends that such
forward-looking statements be subject to the safe harbors created
hereby. Among other things, the forward-looking statements regard
Paragon's earnings, liquidity, financial condition, review of
strategic alternatives, and other matters. Words or phrases
denoting the anticipated results of future events, such as
"anticipate," "does not anticipate," "should help to," "believe,"
"estimate," "is positioned," "expects," "may," "will," "is
expected," "should," "continue," and similar expressions that
denote uncertainty, are intended to identify such forward-looking
statements. Paragon's actual results, performance, or achievements
could differ materially from the results expressed in, or implied
by, such "forward-looking statements:" (1) as a result of factors
over which Paragon has no control, including the strength of
domestic and foreign economies, sales growth, competition, and
certain cost increases; and (2) if the factors on which Paragon's
conclusions are based do not conform to its expectations.
Furthermore, achievement of the objectives of the Company following
the sale of Ermanco is subject to risks associated with business
disruption resulting from the announcement of the sale and other
risks outlined in Paragon's filings with the Securities and
Exchange Commission, including its annual report on Form 10-K for
the year ended December 31, 2005 and the most recent quarterly
report on Form 10-Q for the quarter ended March 31, 2006. This
press release and prior releases are available at
http://www.ptgamex.com/. DATASOURCE: Paragon Technologies, Inc.
CONTACT: Joel Hoffner, President and CEO of Paragon Technologies,
+1-610-252-3205, or fax, +1-610-252-3102 Web site:
http://www.ptgamex.com/
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