CHANDLER, Ariz., Dec. 15, 2011 (GLOBE NEWSWIRE) -- D&R Technology Inc. a wholly owned subsidiary of Ecoland International, Inc. (OTCBB:ECIT), global provider of tube processing systems and technical solutions for the design, engineering and construction of automation-intensive projects, today announced that PWO, a German based company, selected its solutions to design and construct a new processing line for "Air Suspension Tubes". Equipment will be delivered to PWO Canada – Kitchener plant by the end of first quarter of 2012. "Reality that our company can contribute our expertise and experience in exemplary industrial market, is a news-worthy accomplishment. From an economic and from a technical standards perspective our solutions appeared as a preeminent choice for our new customer. Technologically, we are diversifying into the vehicle 'safety and comfort' market that has numerous opportunities for expansion," stated Drasko Karanovic, President and CEO of D&R Technology.
Mr. Karanovic continues, "The signed contract with PWO is a significant achievement for the company and demonstrates D&R's continuing ability to support our customers with Turn Key Solutions. This contract furthers D&R's strategy -- to be one of the world's leading designers and manufacturer of applied robotic solutions and products. This contract significantly adds to D&R's market position and enlarges the customer base of D&R Technology."
About PWO (Progress-Werk Oberkirch AG) (XETRA:PWO):
PWO operates as a supplier of metal components and subsystems for the automotive industry in Europe, Canada, Mexico, and Asia. The company focuses on developing and manufacturing components and subsystems made of steel, stainless steel, and aluminum. It offers mechanical components comprising housings for electronic control systems; motor housings; and sub-assemblies, such as shafts, magnets, and bearings. The company also provides safety components comprising accumulators, other airbag components, seat structures and adjustment, and locking systems; and structural components, such as structures and accumulators for air suspension systems, vehicle body structures, cockpit module carriers/cross-members, and heat shields. Progress-Werk Oberkirch was founded in 1919 and is headquartered in Oberkirch, Germany.
For more information, visit http://www.progress-werk.de/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.