AGT to Provide $30 Million of DSL Assemblies to Leading Telecommunications Services Firm
AMEX and TSE: AGT
TORONTO, June 14 /CNW/ - AimGlobal Technologies Company Inc. (TSE, AMEX:
AGT) today announced that its EMS division, Aimtronics Corporation, has
received a substantial initial contract from a major telecommunications
services firm.
The Company confirmed that over the next ten months it will supply $30
million of electronics to a leading provider of independent telecommunications
service assurance solutions. The products, part of a new family of next-
generation, high-density metallic loop test and access systems, are designed
to meet the cost, quality and NEBS Level 3 challenges of today's highly
competitive Digital Subscriber Line (DSL) global networks.
The Company's Chairman, President and CEO, Steve deJaray, stated, "DSL is
helping to drive the current expansion in existing and emerging carrier
markets, and we are pleased to embark on a new strategic partnership in this
market with a leading innovator, a firm with the most widely deployed
independent DSL testing systems in the world."
About Aimtronics Corporation
Aimtronics Corporation, a wholly owned subsidiary of AimGlobal
Technologies Company Inc., offers a complete range of Electronics
Manufacturing Solutions and is a leading technical provider of services in the
Microelectronics industry. Aimtronics' supply chain management solutions offer
design assistance - reducing time-to-market metrics, time-to-volume metrics,
full product testing, packaging, warranty service, and end-of-life support.
Aimtronics' Microelectronics Technology Centre provides proprietary thick film
hybrid design and assembly including Chip-on-Board, Multi-Chip Module, and
Flip-Chip technologies.
Through five facilities located across the continent, Aimtronics serves
the high technology markets throughout North America.
About AimGlobal Technologies Company Inc.
Founded 14 years ago, and through its operating subsidiary, AimGlobal
Technologies serves the Medical, Aerospace, Wireless, Communications,
Industrial, Military and Emergency Services markets. With operations in New
York State, Ontario and British Columbia, AimGlobal Technologies is a
recognized technical innovator and a leading manufacturer of proprietary
microelectronic solutions.
Safe Harbor Statement
Certain information in this press release contains "forward looking
statements" within the meaning of the Securities Exchange Act of 1934,
including those concerning the Company's future results and strategy. Actual
results could differ from those in the forward looking statements due to a
number of uncertainties, including, but not limited to, the demand for the
Company's products and services; the size, timing and recognition of revenue
from significant orders; increased competition, changes in Company strategy;
product life cycles; the impact of rapid technological advances, evolving
industry standards, changes in customer requirements, and fluctuations in
foreign exchange rates.
The Company's expense levels are based, in part, on its expectations as
to future revenue and a significant portion of the Company's expenses do not
vary with revenue. As a result, if revenue is below expectations, results of
operations are likely to be materially adversely affected.
For further information: Visit Aimtronics at
www.aimtronics.com; AimGlobal Technologies Company Inc.: Lisa Deguchi
(604) 205-7609, deguchi@aimglobaltech.com |
