Press Release

 

PARAGON TECHNOLOGIES’ SI SYSTEMS PRODUCTION & ASSEMBLY BRAND AWARDED A $450,000 CONTRACT FOR AN ALL TERRAIN ASSEMBLY CONVEYOR SYSTEM

EASTON, PA — May 31, 2006 -- Paragon Technologies, Inc. (AMEX:PTG), a leading supplier of “smart” material handling systems and “software-driven” warehouse and distribution center solutions, announced today its SI Systems’ Production & Assembly brand was awarded a $450,000 contract to provide an automated conveyor system to be used in the manufacture and assembly of all terrain vehicles (ATVs). The contract is with a Canadian-based company, well known for its extensive line of high performance recreational products. The system will be installed in a newly renovated factory in Ciudad Juárez, México and is expected to be operational by September. Detailed terms of the contract were not disclosed.

SI Systems’ proprietary LO-TOW ^®, a chain-based towline conveyor system, will transport ergonomically designed carriers used to move the vehicle frames through multiple assembly stations and inspection areas to completion.

Joel Hoffner, President and CEO of Paragon Technologies, commented, “The marketplace is keenly interested in implementing assembly systems that are economical, efficient, rugged, and ergonomically friendly to today’s workers. We are pleased that SI’s Production & Assembly Systems brand is viewed as the leader in the design and implementation of this type of system. Our reputation as the “thought leader” in this area of assembly systems is expanding into new geographical markets.”

Paragon’s SI Systems’ Order Fulfillment and Production & Assembly technologies improve productivity, efficiency, and operational accuracy at Fortune 1000 companies and United States Government installations.

 About Paragon Technologies
Paragon Technologies is a leader in integrating material handling systems and creating automated solutions for material flow applications. SI Systems’ Production & Assembly and Order Fulfillment branded technologies and material handling solutions address unit assembly handling and order fulfillment applications. One of the top material handling systems suppliers worldwide, SI Systems’ leading clients have included the United States Postal Service, BMG, Oshkosh Truck, Honda, CVS Pharmacy, Maybelline, and Walgreens.