PARAGON TECHNOLOGIES' ERMANCO BRAND RECEIVES
ORDER FROM A RECREATIONAL VEHICLE MANUFACTURER
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EASTON,
PA February 6, 2003 -- Paragon
Technologies, Inc. (AMEX: PTG), a leading deliverer of “smart”
material handling solutions, including systems, technologies, products
and services, today announced that its Ermanco brand received an order
from a manufacturer of recreational vehicles. This conveyor system,
which takes wheel assemblies from the manufacturing area to the assembly
line, will be integrated with a system being supplied by SI Systems,
another Paragon Technologies brand. Specific terms of the contract
were not disclosed.
Bill Johnson, President and CEO of Paragon Technologies, states,
"This is exactly the type of synergy that we expect from our two brands.
We believe that the combination of Ermanco and SI Systems will be
a win-win situation for the customer and Paragon Technologies."
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.
Certain statements contained
herein are not based on historical fact and are to be viewed as "forward-looking
statements" within the meaning of the Private Securities Litigation Reform
Act of 1995. Words or phrases used in this News Release denoting the anticipated
results of future events, such as " believe," "affords us,"
"grow," "will be," "will spur additional opportunities,"
and similar expressions that denote optimism and uncertainty, are intended to
identify such forward-looking statements. SI Handling's actual results, performance,
or achievements could differ materially from the results expressed in, or implied
by, such "forward-looking statements" if the factors on which their
conclusions are based do not conform to their expectations.
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