Paragon Technologies' SI Systems Brand Awarded a $2.9 Million Contract for an Automated Assembly Conveyor System
06 Novembro 2007 - 2:15PM
PR Newswire (US)
EASTON, Pa., Nov. 6 /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 brand received an
order totaling $2.9 million to design, build, and install an
automated conveyor system for a global manufacturer of diesel
engines. Terms of the contract were not disclosed. The assembly
conveyor system will be installed at a plant in New York where an
existing SI Systems assembly conveyor system is currently in use
for the assembly of our customer's full lineup of diesel engines.
Due to the increased demand for their diesel engines, the
manufacturer is adding the new assembly line to segment the build
process between two different high demand models. Len Yurkovic,
Acting CEO of Paragon Technologies, said, "We are pleased that this
long-time satisfied customer has again selected our reliable,
ergonomically designed assembly conveyor system to help them
achieve their growing productivity goals." About Paragon
Technologies Paragon Technologies is a leader in integrating
material handling systems and creating automated solutions for
material flow applications. SI Systems' 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, 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 June 30, 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, Fax, +1-610-252-3102 Web site:
http://www.ptgamex.com/
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