NANAIMO,
BC, May 23, 2024 /CNW/ - Atlas Engineered
Products ("Atlas", "AEP" or the "Company") (TSXV: AEP) (OTC
Markets: APEUF) is pleased to announce a new strategic partnership
with Westhaven Builders. This collaboration marks a significant
milestone, as AEP is set to supply wall panels and engineered roof
trusses for Westhaven Builders' upcoming senior living projects in
Kimball, Michigan. The project,
valued at approximately $800,000, is
currently scheduled to commence in the Company's third quarter.
Westhaven Builders, an experienced general contractor in
the United States, specializes in
the construction of facilities across the hospitality,
entertainment, retail, and healthcare sectors. With a diverse
portfolio of projects across more than seven states, including
Michigan and Texas. Westhaven Builders has established
itself as an industry leader, currently managing over $146 million in projects.
"The success of projects such as this, could not be possible
without partnerships like the one with AEP. We look forward to this
new collaboration and are currently looking to work with them on
many other projects across the US. The relationship between our
engineered product vendor and our project managers is imperative
for a smooth running project," said Dan
Brennan, President of Westhaven Builders.
Hadi Abassi, CEO & President of AEP, also commented on the
partnership stating, "We are excited and honoured to partner with
Westhaven Builders, a company of such high caliber. This
partnership showcases our capability to meet large-scale
construction demands but also reinforces our strategic expansion in
the U.S market. Together, we aim to deliver quality projects and
solutions for our clients."
This project highlights the synergy between Atlas Engineered
Products Ltd. and Westhaven Builders, paving the way for future
collaborations.
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 and
apply new technologies, giving us a unique opportunity to
consolidate a fragmented industry of independent operators.
FORWARD LOOKING
INFORMATION
Information set forth in this news release contains
forward-looking statements. These statements reflect management's
current estimates, beliefs, intentions and expectations; they are
not guarantees of future performance. Although AEP believes that
the expectations reflected in the forward looking statements are
reasonable, there is no assurance that such expectations will prove
to be correct, or that such future events will occur in the
disclosed time frames or at all. AEP cautions that all forward
looking statements are inherently uncertain and that actual
performance may be affected by a number of material factors, many
of which are beyond AEP's control. Such factors include, among
other things: Risks and uncertainties relating to AEP,
including those to be described in the Management's Discussion and
Analysis ("MD&A") for AEP's year ended December 31, 2023. Accordingly, actual and future
events, conditions and results may differ materially from the
estimates, beliefs, intentions and expectations expressed or
implied in the forward-looking information. Except as required
under applicable securities legislation, AEP undertakes no
obligation to publicly update or revise forward-looking
information.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
SOURCE Atlas Engineered Products Ltd.