Paragon Technologies' SI Systems Brand Awarded a $900,000 Contract for an Automated Assembly Conveyor System
20 Fevereiro 2008 - 11:30AM
PR Newswire (US)
EASTON, Pa., Feb. 20 /PRNewswire-FirstCall/ -- Paragon
Technologies, Inc. (AMEX:PTG), a leading supplier of "smart"
material handling assembly conveyor systems and "software-driven"
warehouse and distributions systems announced today that its SI
Systems brand secured a $900,000 order to design, build, and
install an automated conveyor system for a global manufacturer of
recreational vehicles. This system is the third such system
purchased from SI Systems by this particular customer and will be
installed at an undisclosed European country location. Terms of the
contract were not disclosed. The system design will incorporate
ergonomically designed carriers that lift, lower, and rotate
fixtured vehicle frames during the assembly process, and will
reduce worker fatigue and increase manufacturing productivity. The
system will be installed in a new factory currently under
construction and will significantly boost manufacturing capacity
for this particular customer's European markets. Len Yurkovic,
Acting CEO of Paragon Technologies, said, "We are delighted that
this repeat customer has chosen SI Systems for their third such
system. Their positive experience with the first two systems,
combined with their confidence in our conveyor technology and the
Company's ability to provide state-of-the-art assembly conveyor
solutions is a testimony to the Company." Yurkovic also said, "As
demand for this particular customer's product continues to grow,
lifting production capacity requirements, our conveyor technologies
are positioned to become integral to their ability to achieve their
expanding production requirements." 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 September 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, +1-610-252-3102 (Fax) Web site:
http://www.ptgamex.com/
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