Paragon Technologies' SI Systems Brand Awarded Contracts Totaling $900,000 for Two Assembly Conveyor Systems
EASTON, PA - June 26, 2008 -- Paragon Technologies, Inc. (AMEX:PTG), a leading supplier of "smart" material handling assembly conveyor systems and "software-driven" warehouse and distributions systems announced today that its SI Systems brand secured orders totaling approximately $900,000 to design, build, and install automated conveyor systems from two global manufacturers of off-road and on-road vehicles. One system will be employed to assemble cabs for large off-road vehicles, and the other system is for assembly of a line of new fuel-efficient engines for automobiles and light trucks. Terms of the contracts were not disclosed.
The system design will incorporate the Company's unique and popular ergonomically designed carriers that lift, lower, and rotate fixtured vehicle frames during the assembly process, and will reduce worker fatigue and increase manufacturing productivity. The systems will be installed in new factories currently under construction and will significantly boost manufacturing capacity for both customers.
Len Yurkovic, Acting CEO of Paragon Technologies, said, "Our expertise in designing ergonomically friendly assembly systems is widely recognized in the vehicle manufacturing marketplace." Yurkovic also said, "As manufacturers worldwide search for systems that will reduce worker fatigue while increasing productivity, our conveyor technologies are positioned to become integral to their ability to achieve these requirements."
About Paragon Technologies
Paragon Technologies is a leader in integrating material handling systems and creating automated solutions for material flow applications. SI Systems' branded technologies and material handling solutions address unit assembly in manufacturing operations and order fulfillment applications. One of the top material handling systems suppliers worldwide, SI Systems leading clients have included the United States Postal Service, BMG, Peterbilt, Honda, and Maybelline.
