MISSISSAUGA, Ontario, July 3, 2006 (PRIMEZONE) -- D Mecatronics Inc. (Pink Sheets:DMTN) 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.
With a management team that has been industry pioneers since 1976, D Mecatronics Inc. is one of the world's foremost providers in designing, building and the installation of tube related automated systems and is dedicated to deliver leading-edge performance solutions used by automotive parts and assembly suppliers.
Being that our customers have an insatiable demand for extreme levels of performance, D Mecatronics Inc. demonstrated today our unsurpassed ability to meet and exceed our customers' needs by delivering our new state of the art innovative tube processing system, which offers our customers with high-performance applications extreme throughput, unsurpassed flexibility, and reliability, which don't exist in other options currently on the market. "At D Mecatronics our main goal is to assure our customers are well served by the performance, features, and functionality of our products and service," said Berardino Paolucci, CEO and President. "Today's announcement is driven by the requirements of our customers and by our deep commitment to deliver innovative solutions that combine the strengths of D Mecatronics Inc. and D&R Technology Inc. (our wholly owned subsidiary)."
The conclusion and delivery of this project was on time, error free and will allow D Mecatronics Inc. to establish larger, more diversified market presence which will generate increased sales revenue and exponential growth opportunity for the Company and Shareholders. To date, D Mecatronics has been issued and is working on another three projects amounting to over three million dollars.
The D Mecatronics Inc. management team is also aggressively discussing an acquisition with an already established company and the proposed acquisition is an excellent opportunity for D Mecatronics Inc. to capitalize on the combination of complementary technologies and skills. By bringing together our existing platforms and expertise we intend on developing next generation products and technologies in the areas of robotic integrated machinery for the automotive industry as well as other industries. As things develop on this potential partnership we will continue to keep the investors informed.
Investors are encouraged to visit D Mecatronics' cutting-edge website at www.dmecatronics.ca for further detailed information.
The D Mecatronics Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2180
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.