Paragon Technologies' SI Systems Brand Receives Orders Totaling $1.0 Million
EASTON, PA - June 24, 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 two orders totaling $1.0 million to design, build, and install automated conveyor systems - one from a major manufacturer of motorcycles, and the other from a manufacturer of fresh bakery products. Terms of the contracts were not disclosed.
The motorcycle assembly system will incorporate 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 system will be installed in an existing factory that currently has several other systems previously installed by SI Systems and will significantly boost manufacturing capacity for this particular customer.
The other system will be utilized to transport freshly baked breads, muffins, bagels, and other items from the manufacturing process area into a separate building where the baked goods are packaged and shipped to a variety of food markets, primarily in several Mid-Atlantic States.
Len Yurkovic, Acting CEO of Paragon Technologies, said, "We are delighted that these two highly respected customers have chosen SI Systems for their conveyor systems. We are particularly pleased with the bakery manufacturer's order as it opens up a new and interesting market previously unserved by us." Yurkovic also said, "As demand for productivity-enhancing systems increases, our conveyor technologies are positioned to become integral to a wide range of manufacturers and industries."
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.
