Paragon Technologies' SI Systems Production & Assembly Brand Awarded $1.1 Million in Contracts for Several Automated Assembly Co
31 Maio 2007 - 11:15AM
PR Newswire (US)
EASTON, Pa., May 31 /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' Production &
Assembly brand secured two orders with a combined value of
approximately $1.1 million from a leading manufacturer of
commercial vehicles. The contracts call for providing several of SI
Systems' proprietary conveyors that will be used in the assembly of
the customer's range of vehicles and their major subassembly
components. Detailed terms of the contracts were not disclosed. Len
Yurkovic, Acting CEO of Paragon Technologies, commented, "The
strength of our SI Systems' Production & Assembly brand
continues to grow and expand in the transportation equipment
industry. Our design engineering expertise in this industry,
combined with the proven reliability of our conveyor technology, is
being sought after by a wide range of companies that manufacture
all types of vehicles and vehicle componentries." 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 and the most recent quarterly
report on Form 10-Q for the quarter ended March 31, 2007. 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, or fax, +1-610-252-3102 Web site:
http://www.ptgamex.com/
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