Agreement for the use of a second facility by NewTech Brake Corp.
23 June 2005 - 12:16AM
PR Newswire (US)
Agreement for the use of a second facility by NewTech Brake Corp.
BLAINVILLE, June 22 /PRNewswire-FirstCall/ -- Mr. Yvon Rancourt,
President of NewTech Brake Corp. (OTC:BBOTC::OTC:NWTB) announces
the signature of an agreement for the use of a second facility next
to the existing building, in Suzhou, China. This addition of 5,600
sq. m. will triple the available area for the production of the
NewTech "Full Contact"(R) disc brake. Machining of brake parts and
components will be performed in the first facility, whereas the
second plant will house the assembly line and will be used as a
warehouse and shipping facility. Stock management, material
handling, shipping and receiving of in-process material, as well as
the implementation of the "Just-In-Time" system will be greatly
simplified. With this new addition, production can reach 20,000
brakes a month. Mr. Rancourt has stated: "Obtaining a second
facility will provide NewTech a better control over supplies,
manufacturing, costs and continuous quality improvement, and a
guarantee of efficiency to the total organization." NewTech Brake
Corp. intends to produce and market a new, high value-added
generation of safer, more efficient and cost-effective full contact
disc brakes and related components to the global heavy duty vehicle
market. Forward-looking statements This release contains statements
that constitute forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended and Section
21E of the Securities Act of 1934, as amended. These statements
appear in a number of places in this release and include all
statements that are not statements of historical fact regarding the
intent, belief or current expectations of the Company, its
directors or its officers with respect to, among other things: (i)
the Company's financing plans; (ii) trends affecting the Company's
financial condition or results of operations; and (iii) the
Company's growth strategy and operating strategy. The words "may",
"would", "will", expect", "estimate", "anticipate", "believe",
"intend", and similar expressions and variations thereof are
intended to identify forward-looking statements. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, many of which are beyond the Company's ability to
control and that actual results may differ materially from those
projected in the forward-looking statements as a result of various
factors. DATASOURCE: NEWTECH BRAKE CORP. CONTACT: NewTech Brake
Corp., Investors relation, (450) 434-6432, Fax. : (450) 434-6078;
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