CHANDLER, Ariz., Dec. 5, 2011 (GLOBE NEWSWIRE) -- Ecoland International, Inc. (OTCBB:ECIT) – D&R TECHNOLOGY, a now wholly owned subsidiary of Ecoland International, Inc., one of North America's fastest growing applied-robotics companies, is pleased to announce they have been awarded a contract from Johnson Controls (NYSE:JCI) exceeding US $1,200,000 to be delivered over the next four months.
This newly awarded project signals the beginning of the second phase of the Johnson Controls' production relocation project, that D&R has participated and played an important role in for the last twelve months. Years of mutually beneficial relationship and over US $13,000,000 in awarded projects for previous five years positioned D&R as primary tube processing expert to Johnson Controls for this project. During first phase of the project D&R successfully built two new systems and using "leapfrogging" method relocated various tubular seating programs to Johnson Controls' newly built manufacturing facility in Ramos, Mexico. Project's first phase increased D&R's sales to over US $3,000,000 and comparable results are expected for the second phase.
"New awarded project demonstrates the success of our business strategy and the confidence of our customer in our ability. It is flattering to be one of the companies that helped Johnson Controls' achieve best ever financial results for the past year. Our objective for the next period is to maintain and further develop this mutually beneficial relationship. Johnson Controls is world's market leader in automotive seating with about 45% of the market. We see tremendous potential for our growth by simply satisfying their needs in the global market." commented Drasko Karanovic, President of D&R TECHNOLOGY.
About – Johnson Controls (NYSE:JCI)
Johnson Controls, Inc. engages in building efficiency, automotive experience, and power solutions businesses worldwide. Its building efficiency business designs, produces, markets, and installs integrated heating, ventilating, and air conditioning systems, as well as building management systems, controls, and security and mechanical equipment. This business also provides technical services, energy management consulting, and operations of real estate portfolios for the non-residential buildings market. In addition, this business offers residential air conditioning and heating systems, and industrial refrigeration products. The company's automotive experience business designs and manufactures interior products and systems for passenger cars and light trucks, including vans, pick-up trucks, and sport/crossover utility vehicles serving original equipment manufacturers. It offers seating systems and components; cockpit systems comprising instrument panels and clusters, information displays, and body controllers; overhead systems, such as headliners and electronic convenience features; floor consoles; and door systems. The company's power solutions business produces lead-acid automotive batteries, as well as offers absorbent glass mat and lithium-ion battery technologies to power hybrid and electric vehicles. It serves automotive original equipment manufacturers and the general vehicle battery aftermarket. The company was formerly known as Johnson Electric Service Company and changed its name to Johnson Controls, Inc. in 1974. Johnson Controls, Inc. was founded in 1885 and is headquartered in Milwaukee, Wisconsin.
About - D&R TECHNOLOGY
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 harbor" 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, Ecoland International 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 May 31, 2011 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: Ecoland International, Inc. David Wallace Info@ecolandguano.com http://www.ecolandguano.com
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here