ATS Announces Filing of Amended Registration Statement for the Initial Public Offering of Photowatt Technologies
CAMBRIDGE, ON, Feb. 14 /CNW/ - ATS Automation Tooling Systems Inc.
announced that its subsidiary, Photowatt Technologies Inc., has today filed an
amended registration statement with the United States Securities and Exchange
Commission and intends to file an amended preliminary prospectus with Canadian
securities regulators relating to the initial public offering of common shares
by Photowatt Technologies. The amendments include, among other things, the
inclusion of a preliminary indicative pricing range as well as the financial
results of Photowatt Technologies for the nine months ended December 31, 2006.
The preliminary indicative pricing range per share is subject to change and
not necessarily reflective of the initial public offering price. The amended
documents will be available at www.sec.gov and www.sedar.com.
The amended registration statement has been filed but is not yet
effective. The amended preliminary prospectus, when filed, will not become
final for the purposes of a distribution to the public in Canada.
Consequently, these securities may not be sold in the United States or in any
province or territory of Canada, nor may offers to buy be accepted in the
United States or in any province or territory in Canada prior to the time the
amended registration statement becomes effective in the United States and a
receipt for the final prospectus or other authorization is obtained from
Canadian provincial and territorial securities commissions.
The public offering of the securities to be made in the United States
will be made by means of a prospectus that will contain detailed information
about the company and management, as well as financial statements. When
available, copies of the U.S. preliminary prospectus and the Canadian amended
preliminary prospectus may be obtained from BMO Capital Markets Distribution
Centre, Attention: Des Raposo, 1 First Canadian Place, B2 Level, Toronto,
Ontario, M5X 1H3 or from UBS Securities LLC, Attention: Prospectus Department,
299 Park Avenue, New York, NY, 10171-0026. BMO Capital Markets and UBS
Investment Bank are joint book-running managers for the initial public
offering.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy. Additionally, there shall be no sale of these
securities or any acceptance of an offer to buy these securities in any state,
province or other jurisdiction in which such offer, solicitation, or sale
would be unlawful prior to their registration or qualification under the
securities laws of any such state, province or jurisdiction.
About ATS
ATS Automation Tooling Systems Inc. provides innovative, custom designed,
built and installed manufacturing solutions to many of the world's most
successful companies. Founded in 1978, ATS uses its industry-leading knowledge
and global capabilities to serve the sophisticated automation systems' needs
of multinational customers in healthcare, computer/electronics, automotive and
consumer products. Through its solar business, ATS participates in the
rapidly-growing solar energy industry. It also leverages its many years of
repetitive manufacturing experience and skills to produce, in high volume,
precision components and subassemblies and to answer the specialized
repetitive equipment manufacturing requirements of customers. ATS employs
approximately 3,500 people at 25 manufacturing facilities in Canada, the
United States, Europe, southeast Asia and China. The Company's shares are
traded on the Toronto Stock Exchange under the symbol ATA. Visit the Company's
website at www.atsautomation.com.
For further information: Carl Galloway, Vice President and Treasurer; Gerry
Beard, Vice President and Chief Financial Officer, (519) 653-6500
