TORONTO, April 13, 2016 /PRNewswire/ - Exco
Technologies Limited (TSX-XTC) today is pleased to announce
that the Canadian federal government will support its project to
significantly reduce the time and cost associated with producing
large high-pressure die-cast moulds through investment in
state-of-the-art manufacturing, process, and information
technologies. The project is expected to cost up to CAD
$9.2 million of which the Federal
Government's Automotive Supplier Innovation Program will provide a
non-repayable contribution of up to 50% of the project costs.
Exco Technologies Limited is a global supplier of innovative
technologies servicing the die-cast, extrusion and automotive
industries. Through our 20 strategic locations in 10
countries, we employ 6,697 people and service a diverse and broad
customer base.
Any information in this news release relating to the receipt
of funds under this Automotive Supplier Innovation Program and the
successful completion of the said project are forward-looking
statements.
Readers are cautioned not to place undue reliance on
forward-looking statements in this news release. These
forward-looking statements are based on our plans, intentions or
expectations which are based on, among other things, assumptions
about the timing and effectiveness of the said project and its
components and possible satisfaction of certain grant
conditions.
While Exco believes that the expectations expressed by such
forward-looking statements are reasonable, we cannot assure that
they will be correct. In evaluating forward-looking
information and statements, readers should carefully consider the
various factors which could cause actual results or events to
differ materially from those indicated in the forward-looking
information and statements. Readers are cautioned that the
foregoing list of important factors is not
exhaustive.
SOURCE Exco Technologies Limited