`Aimtronics' awarded CDN $43.5 million contract from E-Zone Networks Inc.
AUSTIN, TX, Nov. 17 /CNW/ - AimGlobal Technologies (AMEX and TSE; AGT)
today announced receiving a CDN $43.5 million dollar purchase agreement from
E-Zone Networks Inc. Aimtronics, a proven technical innovator in the
Electronic Manufacturing Industry confirmed full scale production is
commencing in their 67,000 S.F. Brockville, Ontario facility towards the
fulfillment of an agreement to provide E-Zone the most comprehensive health
monitoring and management, integrated network ever created.
Steve deJaray, President and CEO of AimGlobal Technologies, stated,
``Aimtronics and E-Zone formed a strategic partnership in late 1998 by
providing design-for-manufacturer assistance throughout the product concept
and proto-typical stages. We are encouraged to be providing E-Zone our entire
suite of strategic supply chain solutions, and we are now in full production
of this leading edge health management equipment. We look forward to building
on our relationship through manufacturing, testing, packaging, distribution,
and warranty service. We expect the order backlog from E-Zone to build well
into the new millenium.'
The E-Zone personal health management system includes the E-Zone Server
for audio visual information, along with the E-Zone Cardio Monitors.
About Aimtronics
Aimtronics, a wholly owned subsidiary of AimGlobal Technologies provides
a complete range of Electro-technologies and electronics manufacturing
services. Aimtronics' supply chain management solutions offer technical
design and innovation, for improving product performance and reducing time-
to-market and cost-to-market metrics along with competitive component
procurement, full product testing, packaging, warranty service and end-of-
life support. Aimtronics' Micro-Electronics Technology Centre offers thick
film hybrid design and assembly as well as Chip-on-Board, Multi-Chip-Modules,
and Flip-Chip Technologies. Through 6 leading edge facilities strategically
located across North America, Aimtronics serves the high technology markets.
About the Company
Founded 14 years ago, and through three operating subsidiaries, AimGlobal
Technologies serves the Medical, Aerospace, Communications, Industrial,
Military, Power Utility, Emergency Services Consumer markets and Internet
business applications markets. With operations in Texas, New York State,
Ontario and British Columbia, AimGlobal Technologies are a recognized
technical innovator and a leading manufacturer of proprietary microelectronic
solutions and hazardous air and gas monitoring products for life, health and
safety applications.
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.
%SEDAR: 00004308E
For further information: AimGlobal Technologies, Megan Simms-Beatty
(604) 205-7609 |
