PARAGON TECHNOLOGIES’ SI SYSTEMS
ORDER FULFILLMENT BRAND
AWARDED A $450,000 CONTRACT FROM A LEADER IN
THE OFFICE SUPPLIES INDUSTRY
EASTON, PA — September 22,
2005 -- Paragon Technologies, Inc. (AMEX:PTG), a leading supplier of “smart” material handling solutions, including systems, technologies, products
and services, announced today that its SI Systems Order Fulfillment brand
received an order totaling approximately $450,000 to provide an order
fulfillment system incorporating the Company’s latest DISPEN-SI-MATIC™
technology design, powered by SINTHESIS™, for one of the world’s
largest sellers of office supplies. Terms of the contract were not
disclosed.
Len Yurkovic, President and CEO of Paragon Technologies,
states, “This order is a primary example of how our innovative technologies can
make businesses more successful via “smart” automation, and we are extremely
pleased that this repeat customer has again entrusted us with another important
project. We are looking forward to continued success from Paragon’s SI
Systems Order Fulfillment brand.”
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, General Motors, BMG, Ford, Peterbilt,
Harley-Davidson, and Walgreens.
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Cautionary Statement. Certain statements contained herein are not
based on historical fact and are “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995 and the
Securities and Exchange Commission rules, regulations and releases.
Paragon intends that such forward-looking statements be subject to the safe
harbors created hereby. Among other things, the forward-looking statements
regard Paragon’s earnings, liquidity, financial condition, review of strategic
alternatives, and other matters. Words or phrases denoting the
anticipated results of future events, such as “anticipate,” “does not
anticipate,” “should help to,” “believe,” “estimate,” “is positioned,”
“expects,” “may,” “will,” “is expected,” “should,” “continue,” and similar
expressions that denote uncertainty, are intended to identify such
forward-looking statements. Paragon’s actual results, performance, or
achievements could differ materially from the results expressed in, or implied
by, such “forward-looking statements:” (1) as a result of factors over which
Paragon has no control, including the strength of domestic and foreign
economies, sales growth, competition, and certain cost increases; and (2) if
the factors on which Paragon’s conclusions are based do not conform to its
expectations. Furthermore, achievement of the objectives of the Company
following the sale of Ermanco is subject to risks associated with business
disruption resulting from the announcement of the sale and other risks outlined
in Paragon’s filings with the Securities and Exchange Commission, including its
annual report on Form 10-K for the year ended December 31, 2004 and the most
recent quarterly report on Form 10-Q for the quarter ended June 30, 2005
