Press Release
PARAGON TECHNOLOGIES’ SI SYSTEMS PRODUCTION & ASSEMBLY BRAND AWARDED A $560,000 CONTRACT FOR AN AUTOMATED ASSEMBLY CONVEYOR SYSTEM
EASTON, PA — October 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 that its SI Systems Production & Assembly brand received an order totaling $560,000 to design, build, and install an automated conveyor system for an undisclosed manufacturer of single cylinder, non-automotive engines. Terms of the contract were not disclosed.
The assembly conveyor system will be installed at a plant in Mexico, adjacent to a similar SI Systems’ conveyor being used for the final assembly of a variety of recreational vehicles. The manufacturer will assemble its extensive line of high-performance, four-stroke engines for its Mexican recreational vehicle assembly line, as well as for shipments to recreational vehicle assembly plants at other North American locations.
Joel Hoffner, President and CEO of Paragon Technologies, said, “The ergonomic design of SI’s Production & Assembly Systems brand assembly conveyor technologies is being widely embraced by companies worldwide. This particular order is from a European manufacturer, and the system is being installed at a plant in Mexico, on a site next to the Canadian-based company that manufactures the recreational vehicles. This shows how globalization is changing the business landscape in the manufacturing industry, and we are pleased to be part of that trend.”
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.
