MISSISSAUGA, Ontario, Dec. 13, 2006 (PRIME NEWSWIRE) -- D Mecatronics Inc. (Pink Sheets:DMTN) D Mecatronics Inc. 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.
As 2006 comes to an end, D Mecatronics Inc. prepares to deliver a project valued at 1.25 million dollars, which brings totaling sales to more then 5 million dollars and exceeds our total sales forecasts of 4.5 million for fiscal year end 2006.
As we move into 2007, D Mecatronics Inc. uses its industry-leading knowledge and global capabilities to serve the sophisticated automation systems' needs of Global customers in the automotive industry. It also leverages its many years of manufacturing experience and skills to produce machines which supply parts and components for FIVE of the top six automotive manufacturers in world.
"D Mecatronics Inc. offers an integrated software solution that provides manufacturers with greater shop floor control, seamless collaboration and increased traceability of the manufacturing process that increases the efficiency and quality of shop floor communications and the manufacturing process," said Drasko Karanovic, President and CEO of D&R Technology Inc. "There is a substantial need in the market for a tightly integrated process that offers a continuous stream of quality reporting and monitoring which is required for assuring that processes, not just product, adhere to the tightest of manufacturing specifications."
With a Management team that has been an industry pioneer since 1976, D Mecatronics Inc. is one of the world's foremost providers in designing, building and the installation of tube related automated systems and is dedicated to deliver leading-edge performance solutions used by automotive parts and assembly suppliers.
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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.