HADERA, Israel, March 15, 2005 (PRIMEZONE) -- Malers Automation and Control Ltd. ("Malers") (Pink Sheets:GXXL) today announced that it has signed a strategic partnership agreement with Automatic Service, a privately held company located in Ryazan, Russia.
Automatic Service is also in the automation and control business, though they have been concentrating in different markets than Malers. The new alliance is expected to join competencies and technological advantages in going after much larger contracts. Malers and Automatic Service have targeted the oil refinery industry in Eastern Europe in particular, where significant advantages can be offered to major potential customers. Other vertical markets will be pursued internationally, as well.
"We welcome this new alliance with Automatic Service," notes Ronen Luzon, CEO of Malers. "They have a talented team that works well with our group, which is key to offering greater value to our customers. As a result, we are confident that we will successfully compete for new and larger business opportunities."
Malers expects to sign additional strategic partnerships over the coming year in an attempt to build the Company's international presence, leveraging on its years of experience with industrial customers.
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 contact Ronen Luzon, at 011-972-54-477-5656 or malers-a (@) malers.com (please remove brackets and spaces) or 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.