American Access Technologies Expands Capabilities With New Equipment.Business Editors LAKE MARY Lake Mary may refer to:
American Access Technologies, Inc. (Nasdaq:AATK AATK Always At the Keyboard ) announced today that it has expanded manufacturing capabilities through its Omega Metals division with the acquisition of $500,000 in computer-controlled capital production equipment. "We believe the best way to fight the downturn Downturn The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. in the economy of late is to keep our factory full...in the fourth quarter of 2000 we took delivery on two machines that can help us do just that," said American Access Technologies' President John Presley. The Omega Division acquired a $100,000 Mazak Vertical Milling Machine milling machine Machine tool that rotates a circular tool with numerous cutting edges arranged symmetrically about its axis, called a milling cutter. The metal workpiece is usually held in a vise clamped to a table that can move in three perpendicular directions. , which is computer-controlled and has a capacity of 48" in the X direction and 24" in the Y direction, and a $400,000 Strippit Machine, which is a precision computer controlled punching machine a machine tool for punching holes in metal or other material; - called also punch press ltname>. See also: Punch used to produce components, electronic chassis Pronounced "chah-see," it is a physical structure that holds everything or that everything is attached to. A computer's cabinet is often called the chassis. and metal cabinets. This Strippit has a capacity of 60" in the Y direction and 120" in the X direction. These new machines represent a significant increase in the factory ability. One person concurrently operates both machines, also a savings in labor costs. "The double benefit to these machines is being able to keep jobs requiring this equipment in-house, and being able to bid on jobs we couldn't do before we had the equipment. Right now, both machines are fully booked and in production," Presley said. American Access' March newsletter is currently posted on the company's website at www.aatk.com. Pictures of the two new machines will be added to the website by the end of the week. American Access manufactures zone cabling units that mount in ceilings, raised floors, and in custom furniture. The Company's concept of "zone cabling" reduces costs of installation and maintenance by as much as 70%, while providing versatility for voice and data infrastructures, including copper and fiber optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber . Note: This press release for American access Technologies, Inc. may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as defined in Section 27A of the Securities Exchange Act of 1934, regarding events, conditions and financial trends that may affect the Company's operating results and financial position. Prospective investors are cautioned that forward-looking statements are not guarantees of future performance. Actual events or results may differ from the Company's expectations, which are subject to various risks and uncertainties listed in the Company's SEC filings. |
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