New PFabricated Wall Panels for Multi-residential and Commercial Building Industry
Press Release Summary:
- Utilizes less labour on-site during installation, while giving builders good control of quality and integration of building components
- Provides a cost-effective alternative to framing on-site
- Used in small residential buildings as well as large commercial projects such as retail centers, light industrial buildings and more
Original Press Release:
Atlas Engineered Products Announces Expansion into Pre-Fabricated Wall Panels in British Columbia
Nanaimo, BC, June 2, 2020 /CNW/ - Atlas Engineered Products ("AEP" or the "Company") (TSXV: AEP) (OTC Markets: APEUF) announced today that the Company is expanding its product offering on Vancouver Island to include pre-manufactured wall panels for the residential, multi-residential and commercial building industry.
Custom designed and pre-manufactured wall panels can be used in small residential buildings, as well as large commercial projects such as retail centers, light industrial buildings, factories, hotels, etc. Pre-manufactured wall panels provide a cost-effective alternative to framing on-site. This product utilizes less labour on-site during installation, while giving builders greater control of quality and integration of building components. Starting in the second half of June 2020, the Company's subsidiary, Atlas Building Systems in Nanaimo BC, will introduce pre-manufactured wall panels as part of its full product mix as it continues to penetrate new markets across Vancouver Island.
"The new machinery and sophisticated design software that we implemented last year has allowed us to offer our clients customized I-Joists, LVL options, open web floors, and now also pre-manufactured wall panels," explained AEP CEO, Dirk Maritz. "The expansion of our product line in BC has been extremely well received, contributing to significant revenue and marketshare gains. We are extremely excited to be adding pre-manufactured wall panels to that product mix. Introduced by us in eastern and central Canada in 2019, we continue to see substantial interest for our wall panel technology. The expansion of its products and services has transformed Atlas Building Services into a true turn-key solutions provider, supplying every building component to lock-up – floors, walls, windows, doors and roofs."
"Our customers are excited, and enquiries for this new product are starting to coming in from across Vancouver Island," said Hadi Abassi, AEP Executive Vice President, Business Development. "It makes sense that we expand into an area that has increased demand for new products and services. In fact, the use of pre-manufactured wall panels will make it easier for our customers to continue their projects during periods such as COVID-19. It is super fast and requires much less on-site labour in comparison to traditional stick framing, helping to address social distancing challenges at the construction site."
AEP expects its newly installed and commissioned plant to be ready for the first wall panel products by the last two weeks of June 2020.
About Atlas Engineered Products Ltd.
AEP is a growth company that is acquiring and operating profitable, well-established operations in Canada's truss and engineered products industry. We have a well-defined and disciplined acquisition and operating growth strategy enabling us to scale aggressively, giving us a unique opportunity to consolidate a fragmented industry of independent operators.
www.atlasengineeredproducts.com
Source Atlas Engineered Products Ltd.
Contact:
Atlas Engineered Products Ltd
Phone: 1-250-754-1400
Email: info@atlasep.ca
Unit 102, 6551 Aulds Road
Nanaimo, BC V9S 5X9
www.atlasengineeredproducts.com
For Investor Relations Please Contact:
Brittany Ray-Wilks
Executive Vice President
Phone: 1-250-754-1400
Email: brittany.ray-wilks@atlasaep.ca
Atlas Engineered Products Ltd.
Unit 102, 6551 Aulds Road
Nanaimo, BC V9S 5X9
www.atlasengineeredproducts.com
