PARAGON TECHNOLOGIES' SI SYSTEMS BRAND RECEIVES ORDER FROM HARLEY-DAVIDSON
FOR AN ASSEMBLY SYSTEM
EASTON, PA - May 1, 2002 -- Paragon Technologies,
Inc. (AMEX: PTG), a leading deliverer of "smart" material handling solutions,
including systems, technologies, products and services, today announced
that its SI Systems brand received an order late in March 2002 from
Harley-Davidson Motor Company to design, build, and install a state-of-the-art
motorcycle assembly system that will be used for final assembly and
testing of an existing model line of Harley-Davidson motorcycles. The
system will be installed in a new manufacturing facility currently under
construction at the existing York, Pennsylvania site and will incorporate
SI Systems' in-floor towline technology with innovative proprietary
features.
The system will be the fourth such system SI Systems has
provided for Harley-Davidson since 1997. Bill Johnson, President and
CEO of Paragon Technologies, states, "We are extremely pleased that
Harley-Davidson has selected SI Systems to be their partner in automation
for this very important project. Both our organizations have worked
closely together for almost one year on this competitively bid project.
We look forward to continuing this relationship with Harley-Davidson
by providing an ergonomically friendly system."
Similar towline-based assembly systems have been
successfully integrated by SI Systems for vehicle manufacturers, such
as Case Tractor, New Holland Tractor, Oshkosh Truck, McNeilus Truck,
JLG, and numerous furniture manufacturers as well.
About Paragon Technologies
Paragon Technologies is a leader in integrating materials handling systems and
creating automated solutions for material flow applications. Ermanco's branded
conveyor technologies and material handling solutions address the needs of the
distribution, assembly, and manufacturing marketplace. SI Systems' branded technologies
and material handling solutions address unit assembly handling and order fulfillment
applications. Paragon Technologies' Quality Management System at its Easton,
Pennsylvania location is certified to the ISO 9001 standard. The scope of the
Quality Management System governs the design, manufacture, assembly, installation,
and servicing of automated materials handling and distribution systems. One
of the top materials handling systems suppliers worldwide, Paragon's leading
clients include the United States Postal Service, General Motors, IBM, BMG,
Daimler Chrysler, Johnson & Johnson, Ford, Peterbilt, Harley-Davidson, Walgreens,
and Clark Equipment.
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, and certain operational 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 risks and uncertainties associated with Paragon's restructuring, including the failure to achieve anticipated operating savings, and the possibility that the restructuring charges will be greater than anticipated; (2) 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; or (3) if the factors on which Paragon's conclusions are based do not conform to its expectations.
