D & R Technology Succedes in Penetrating New Market
21 March 2014 - 12:00AM
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:
www.dnrtechnology.com
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.
CONTACT: Berardino Paolucci
7669 Kimbal Street
Mississauga, Ontario
Canada
(905) 672-7669
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