Automodular Contract Awards.TORONTO -- Automodular Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :AM) ("Automodular") has been awarded new contracts to assemble complex sub-assemblies for North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. OEMs and their Tier 1 suppliers totaling over $350 million, and renewal contracts totaling approximately $60 million with terms ranging from 3 to 8 years. With respect to new contracts, the identity of the Corporation's customers and the vehicles to be produced are being kept confidential until the related vehicle production programs are publicly announced. Automodular has material contracts expiring ex·pire v. ex·pired, ex·pir·ing, ex·pires v.intr. 1. To come to an end; terminate: My membership in the club has expired. 2. in 2005 and 2006 which have yet to be renewed or extended and are the subject of competitive bidding Competitive bidding A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell. competitive bidding 1. . Automodular cannot predict the outcome of these bids. As a result, it is impossible for Automodular to estimate the resulting change in annual sales arising from its recent contract successes. Automodular Corporation is a supplier of sub-assembly, sequencing, transportation and logistics services to North American automobile manufacturers and their Tier 1 suppliers serving assembly plants in Ontario, Michigan Michigan (mĭsh`ĭgən), upper midwestern state of the United States. It consists of two peninsulas thrusting into the Great Lakes and has borders with Ohio and Indiana (S), Wisconsin (W), and the Canadian province of Ontario (N,E). and Ohio. Automodular employs more than 800 people in seven operating facilities. Automodular Corporation (TSX:AM) |
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