Paragon Technologies' SI Systems Order Fulfillment Brand Receives System Expansion Order for Approximately $3.3 Million
08 Maio 2007 - 11:15AM
PR Newswire (US)
EASTON, Pa., May 8 /PRNewswire-FirstCall/ -- Paragon Technologies,
Inc. (AMEX:PTG), a leading supplier of "smart" material handling
systems and "software-driven" warehouse and distribution center
solutions, announced today that its SI Systems' Order Fulfillment
brand secured an order totaling approximately $3.3 million to
expand an existing order fulfillment system, installed by the
Company, at an undisclosed location in Europe. This expansion calls
for providing some of the Company's high-speed automated picking
equipment, along with efficient and flexible light-directed picking
technologies for selected items. SI Systems will also be providing
several SINTHESIS(TM) software modules to interact with existing
controls and the customer's host computer system. Len Yurkovic,
Acting CEO of Paragon Technologies, commented, "This order reflects
the strong partnership established with an existing, well satisfied
customer of SI Systems who is a leading manufacturer of health care
products worldwide. As their business continues to grow and demand
for their products increase, we have been called upon to integrate
SI Systems' core technologies and software with supporting
equipment to help our client achieve higher levels of productivity
and picking accuracy." 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, and Maybelline.
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. The forward-looking
statements contained in this press release may become outdated over
time. Paragon does not assume any responsibility for updating any
forward-looking statements. Furthermore, achievement of the
objectives of the Company is subject to certain risks, including,
but not limited to, those 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, 2006. This press
release and prior releases are available at
http://www.ptgamex.com/. DATASOURCE: Paragon Technologies, Inc.
CONTACT: Len Yurkovic, Acting CEO of Paragon Technologies, Inc.,
+1-610-252-3205, Fax +1-610-252-3102 Web site:
http://www.ptgamex.com/
Copyright
Paragon (AMEX:PTG)
Gráfico Histórico do Ativo
De Dez 2024 até Jan 2025
Paragon (AMEX:PTG)
Gráfico Histórico do Ativo
De Jan 2024 até Jan 2025