CHANDLER, Ariz., Dec. 8, 2011 (GLOBE NEWSWIRE) -- D & R Technology Inc., a wholly owned subsidiary of Ecoland International, Inc. (OTCBB:ECIT), one of North America's fastest growing applied-robotics companies, announced today the receipt of a contract from Toyota Boshoku (OTN: TDBOF), a major tier one automotive parts supplier. The new project consists of a newly designed retrofit to the production systems producing parts for the 2012 Toyota Rav4.
This contract is the result of the strong working partnership between Toyota Boshoku and D & R Technology Inc. and represents a key milestone toward building the long term success of D & R Technology. We are pleased to have a manufacturing partnership with a company of this magnitude as we continue serving the automotive community as a preferred source of supplying efficient, effective and unsurpassed products and services.
Drasko Karanovic (President & CEO of D & R Technology) states: "D & R Technology Inc. continues to demonstrate our strength and expertise in the areas of engineering, manufacturing and service capabilities; we believe that D & R Technology Inc. and our customers share a common goal to always work towards delivering an industry-changing solution."
As we continue to impress our customers by the extent and depth of our engineering, manufacturing and service capabilities, we will continue our long standing tradition and commitment to provide them with flexibility, technology and quality products.
About Toyota Boshoku America, Inc.
Toyota Boshoku Corporation is based in Kariya City, Japan, with 88 operations in more than 20 countries. Its wholly owned subsidiary, Toyota Boshoku America (TBA) and its affiliates employ about 6,500 team members in 23 locations throughout the United States, Canada, Mexico and Argentina. TBA is a premier manufacturer of automotive interior systems which include seats, door trims, headliners and substrates, carpets, fabrics and straps, in addition to air and oil filters for a variety of customers such as Toyota Motor Corporation and General Motors. For more information, visit www.toyota-boshoku.co.jp/en/.
About D & R Technology Inc.
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 (http://www.sec.gov). The Company assumes no obligation to update any of these forward-looking statements.