MISSISSAUGA, Ontario, Sept. 5, 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.
D Mecatronics Inc. continues to redefine the product quality and performance expectations of our customers, as we successfully deliver yet another project on time and error free, valued at over 1.5 million dollars, bringing total sales for 2006 to more than 5 million dollars.
"As we take definitive steps towards executing on our proven business strategies, we are pleased to have completed and delivered yet another project on time and error free," stated Berardino Paolucci, chairman of the board of directors, president and CEO of D Mecatronics Inc. "D Mecatronics Inc.'s success is built on the quality of its relationships. We treat our customers as partners and include them in the design process from the beginning. With up-front input from our customers, employees and suppliers, we can make the design process a collaborative and creative one. This process improves the performance of every partner involved, resulting in a superior product."
D Mecatronics Inc.'s management team has, for more than thirty years, provided some of the nation's largest automotive parts suppliers with state-of-the-art automation solutions. In keeping with our customers' insatiable demands, our engineering department is currently finalizing our next project which will be producing seat frames for the new Toyota Tundra and that is scheduled to be complete and delivered at the end of December 2006. Our highly skilled staff of machinists, welders, sheet metal fabricators and engineers have years of experience constructing some of the nation's most impressive and innovative machines.
"Our customer base consists of Fortune 500 companies who understand that the long-term supplier relationship is crucial to their success. We believe that the D Mecatronics Inc. team will continue to significantly accelerate the programs of our partners by serving them with high quality, highly efficient and proven large-scale manufacturing platforms, focusing our global capabilities on the ever-changing needs of our customers as well as the industry needs," states Dino Paolucci Jr. Vice President/Director.
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.