CHANDLER, Ariz., Jan. 30, 2012 (GLOBE NEWSWIRE) -- D & R Technology Inc., a wholly owned subsidiary of Ecoland International, Inc. (OTCBB:ECIT.OB), announced today the successful completion and receipt of various orders from Faurecia S.A (EO.PA), and Johnson Controls (NYSE:JCI) . The new contracts are result of D&R's research and development of automated assembly equipment for automotive seating. JCI and Faurecia funded research work on "non-welded" seat assemblies and development of assembly modules for recliner mechanisms respectively. D&R received new orders for design, manufacture of new assembly equipment as well as modifications of existing production lines.
"We are striving to become a major force in the assembly and the manufacture of equipment for the automotive industry. Current automotive markets have a strong demand for automated assembly lines, and this is a natural extension of our capabilities. We have serviced most of the customers in this market with our tube processing equipment, and our exceptional reputation in this market has made the addition of assembly lines a logical component of our business strategy. We are taking further steps and will be offering a 'turn-key' assembly solutions to our customers. Our engineering and manufacturing capabilities are sized for these challenges and we see great opportunity for exponential growth," stated Drasko Karanovic (President and CEO of D & R Technology).
About Faurecia S.A (EO.PA)
Faurecia, a specialist in the engineering and production of automotive solutions, holds global leadership status in each of its core businesses: Automotive Seating, Emissions Control Technologies, Interior Systems and Automotive Exteriors. Its customer portfolio features practically every automaker around the world, including manufacturers in emerging economies, such as the Indian, Chinese and Korean markets. Renowned for its highly efficient program management system, Faurecia provides customers with a service through its network of 238 production sites in 33 countries. Driven by the same automotive passion, its 75,000 employees embrace the group's business culture, based on such shared values as commitment, transparency, continuous improvement, team player and entrepreneurship. Faurecia is the world's sixth largest and Europe's third largest automotive supplier.
About – Johnson Controls (NYSE:JCI)
Johnson Controls, Inc. engages in building efficiency, automotive experience, and power solutions businesses worldwide. Its building efficiency business designs, produces, markets, and installs integrated heating, ventilating, and air conditioning systems, as well as building management systems, controls, and security and mechanical equipment. This business also provides technical services, energy management consulting, and operations of real estate portfolios for the non-residential buildings market. In addition, this business offers residential air conditioning and heating systems, and industrial refrigeration products. The company's automotive experience business designs and manufactures interior products and systems for passenger cars and light trucks, including vans, pick-up trucks, and sport/crossover utility vehicles serving original equipment manufacturers. It offers seating systems and components; cockpit systems comprising instrument panels and clusters, information displays, and body controllers; overhead systems, such as headliners and electronic convenience features; floor consoles; and door systems. The company's power solutions business produces lead-acid automotive batteries, as well as offers absorbent glass mat and lithium-ion battery technologies to power hybrid and electric vehicles. It serves automotive original equipment manufacturers and the general vehicle battery aftermarket. The company was formerly known as Johnson Electric Service Company and changed its name to Johnson Controls, Inc. in 1974. Johnson Controls, Inc. was founded in 1885 and is headquartered in Milwaukee, Wisconsin.
About D & R Technology Inc.
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D & R Technology designs, manufactures, and markets industrial and consumer products. Through independent subsidiaries we provide state of the art automation technology solutions to enable customers to dramatically accelerate time-to-market and increase revenue.
D & R Technology Inc. is a recognized technology pioneer and market leader in the area of engineering, design and the manufacturing of automated tube processing solutions for the automotive industry. It is emerging as one of the world's leading providers of automated manufacturing solutions, which are used by three of the top ten automotive part suppliers in the world.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements relating to the future anticipated direction of the Company, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, potential contracts, and/or aspects of litigation. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, Ecoland International Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions. Persons are encouraged to read our Annual Report on Form 10-K for the year ended May 31, 2011 and our other documents subsequently filed with the Securities and Exchange Commission for meaningful cautionary language in respect of forward-looking statements in this press release. Interested persons are able to obtain free copies of filings containing information about the Company at the SEC's internet site (www.sec.gov/" target="_top" rel="nofollow">http://www.sec.gov). The Company assumes no obligation to update any of these forward-looking statements.