HADERA, Israel, June 2, 2005 (PRIMEZONE) -- Malers Automation and Control Ltd. ("Malers") (Pink Sheets:MSNC), today announced that it has signed a contract for a two-staged installation of a customized automation and control system at the new factory of a publicly traded pharmaceutical corporation.
After many months of preliminary work, the Company won the bid for this prestigious and valuable contract. Malers will install the entire system in two stages over the course of the next several months. Each stage is valued in excess of $20,000. This is the second contract awarded to Malers by this client in recent weeks.
The client's new facility, which is under construction, will produce some of the company's better known drugs. Malers' custom built automation and control system plays an integral role in the success of this facility.
"We always like working with this client," notes Ronen Luzon, CEO of Malers. "They appreciate the value of our systems and push us continually to new levels of excellence in both product and service. We are confident that this new installation will meet the complex needs of the client and hopefully lead to even further installations. Our systems have a clear advantage in the pharmaceutical industry and this contract is yet another opportunity for us to prove ourselves to the entire market."
The client is a global pharmaceutical company specializing in the development, production and marketing of generic and proprietary branded pharmaceuticals and active pharmaceutical ingredients.
About Malers
Malers Automation and Control Ltd. is an Israeli systems company that develops, manufactures, sells and maintains automation and control systems for industrial applications. The Company produces turn-key systems that replace labor intensive, error prone and costly manual production and monitoring functions. Since the Company's inception in 1996, Malers' custom designed systems have been installed in major industrial applications worldwide. Their systems offer centralized and remote control of complex manufacturing processes, and data collection and analysis systems.
For more information, please at our visit us on the Web at www.malers-automation.com.
Forward-Looking Statements
Certain statements in this news release may contain 'forward-looking' information within the meaning of the federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.