Paragon Technologies' SI Systems Production & Assembly Brand Awarded A $2.8 Million Contract For an Automated Assembly Conveyor System
EASTON, PA - February 22, 2007 -- Paragon Technologies, Inc. (AMEX:PTG), a leading supplier of "smart" material handling systems and "software-driven" warehouse and distribution center solutions, announced today that its SI Systems Production & Assembly brand received an order totaling $2.8 million to design, build, and install an automated conveyor system for one of the world's largest manufacturers of automobiles. The system will be used to assemble a variety of fuel efficient V-6 engines for the automaker's vehicle lineup, and will be installed in a plant in Mexico. The engine assembly line will be on the same manufacturing site as the automaker's vehicle assembly operations. Terms of the contract were not disclosed.
Len Yurkovic, Acting CEO of Paragon Technologies, said, "The Production & Assembly Systems brand continues to develop new, ergonomically-designed solutions for leading global manufacturers of vehicles and vehicle components. Although we have installed several systems in the past for this particular customer, using different technologies, this system will be designed using our towline technology as the means of conveyance. Furthermore, the customer is changing its engine build process due to the reliability, flexibility, and ergonomic features of the product we're providing."
About Paragon Technologies
Paragon Technologies is a leader in integrating material handling systems and creating automated solutions for material flow applications. SI Systems' Production & Assembly and Order Fulfillment 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, CVS Pharmacy, Maybelline, and Walgreens.
