MISSISSAUGA, Ontario, March 20, 2014 (GLOBE NEWSWIRE) -- D&R Technology Inc, wholly owned subsidiary of Novus Robotics Inc, (NRBT) an applied-robotics and automation company is pleased to announce that it has successfully delivered one and in process of manufacturing second aluminum components processing system for new Ford-150 truck.
Already a market leader in delivering automotive tube processing equipment, the company sees the gradual conversion of automotive body to aluminum as a "game changer" for downstream aluminum use, with a growth rate higher than any other end market for the rest of this decade.
Building on the strength of experience, company was able to gain access to new developing market by offering a broad array of newly adopted technologies and modules. The versatility of the modules, as well as its ease of integration, allowed it to quickly make inroads in one of the most demanding market in the world alongside a top, pioneering automotive suppliers.
"Development of aluminum stretching and processing technologies is a very important step for D&R, as it confirms the value of our team and allows us to enter one of the most exiting markets today. I believe several automotive platforms will move toward partial or full aluminum body in the coming years - the Ford-150 is merely "the tip of the iceberg," mentioned Drasko Karanovic, President and CEO of D&R Technology Inc. "Furthermore, introduction of new technologies into our portfolio will enhance our performance and competitive advantages," adds Mr. Dino Paolucci, CEO of Novus Robotics Inc.
About D & R Technology Inc:
D & R Technology designs, manufactures, and markets industrial and consumer products. Through independent subsidiaries we provide state of the art automation technology solutions to enable customers to dramatically accelerate time-to-market and increase revenue.
D & R Technology Inc. is a recognized technology pioneer and market leader in the area of engineering, design and the manufacturing of automated tube processing solutions for the automotive industry. It is emerging as one of the world's leading providers of automated manufacturing solutions, which are used by three of the top ten automotive part suppliers in the world.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbour" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements relating to the future anticipated direction of the Company, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, potential contracts, and/or aspects of litigation. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, Novus Robotics Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions. Persons are encouraged to read our Annual Report on Form 10-K for the year ended December 31, 2012 and our other documents subsequently filed with the Securities and Exchange Commission for meaningful cautionary language in respect of forward-looking statements in this press release. Interested persons are able to obtain free copies of filings containing information about the Company at the SEC's internet site ( http://www.sec.gov ). The Company assumes no obligation to update any of these forward-looking statements.
Berardino Paolucci 7669 Kimbal Street Mississauga, Ontario Canada (905) 672-7669
