MISSISSAUGA, Ontario, Dec. 6, 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.
The auto parts area is divided into three tiers of original equipment manufacturers (OEM's), which supply automotive manufacturers with parts for new vehicles, and the aftermarket parts suppliers, which manufacture parts for used vehicles.
The automobile industry is one of the largest sectors of the global economy. In 2005 global automobile components sector was valued at over 1.6 trillion and the global automotive parts and equipment sector was valued at almost 500 billion by a market research firm.
The global automotive manufacturing industry operates in an increasingly aggressive marketplace whose performance is tied directly to performance of the large and growing retail automobile industry. The top six companies in the global manufacturing industry are General Motors (GM), Toyota, Ford, DaimlerChrysler, Volkswagen and Honda and of those D Mecatronics Inc. has produced machines which supply parts and components for five of the top six manufacturers in world.
The automotive industry marketplace is the nation's largest manufacturing industry. It is a mature, steadily growing marketplace with an estimated value in the hundreds of billions. The nation's automotive manufacturing industry is tied to the U.S. automotive industry, which is considered the largest automotive retail marketplace in the world. The U.S. automobile manufacturing industry continues to be dominated by the Big Three U.S. automakers -- GM, Ford, and DaimlerChrysler.
One of D Mecatronics Inc.'s major customers has earned the number one position on Fortune Magazine's America's Most Admired Companies list. The company was designated an Industry Champion within the Motor Vehicles and Parts category and is also a recognized global leader in interior experience, building efficiency and power solutions. The company provides innovative automotive interiors that help make driving more comfortable, safe and enjoyable as well as ranked among the 50 best U.S. manufacturing companies for 2005.
The D Mecatronics Inc. logo is available at http://www.primenewswire.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.