MISSISSAUGA, Ontario, Dec. 18, 2006 (PRIME NEWSWIRE) -- D Mecatronics Inc. (Pink Sheets:DMTN) is a recognized technology pioneer and market leader in the area of engineering, design and the manufacturing of automated solutions for the automotive industry and is rapidly becoming one of the world's leading providers of automated manufacturing solutions, which are used primarily by three of the top ten Tier 1 automotive part suppliers in the world. The Company also makes precision components and tooling using its own custom-built manufacturing systems, process knowledge and automation technology.
D Mecatronics Inc. is proud to announce a purchase order exceeding $350,000 for retooling and advanced automation which will offer their customers an effective way to ensure innovative products, quality management and strict process control.
Management at D Mecatronics Inc. has recently held University Council Roundtable Meetings on a regular basis around North America. The purpose is to grant gifted students and engineering colleges an opportunity to have D Mecatronics Inc. build the prototypes for their ideas and to market the new world of composite thinking for efficiency in manufacturing. D Mecatronics Inc. hopes by partnering with new found talents we will continue to provide our customers with the latest technology available while setting new standards within the manufacturing industry. This will enable D Mecatronics Inc. to continue earning market leadership among U.S.-based automotive companies largely because of its process design and systems integration expertise.
Berardino Paolucci, President and CEO comments that, "D Mecatronics Inc. is recognized worldwide for design and the manufacturing of machines which supply parts and components for five of the top six automotive manufacturers in world. What is not so widely known is the tremendous amount of technology coming from our research and development team that makes those industry-leading products a reality." Mr. Paolucci continues to state, "As a result of our Research and Development, D Mecatronics Inc. is continuously improving its manufacturing efficiency, which will result in lower costs, shorter manufacturing cycles and system designs, that continue to provide superior machine flexibility."
Drasko Karanovic (President and CEO of D&R Technology Inc.) comments, "Our Company was founded on the principles of excellent customer service, exceptional quality products, and on-time delivery and we are taking the necessary steps to continue providing these key elements."
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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.