PARAGON TECHNOLOGIES’ ERMANCO BRAND AWARDED A $300,000 CONTRACT
TO AUTOMATE A MAJOR COMMERCIAL MAIL FACILITY
Easton, PA —
June 26, 2003 -- Paragon Technologies, Inc. (Amex: PTG), a leading
supplier of “smart” material handling solutions, including
systems, technologies, products and services, today announced that its
Ermanco brand has received an order for approximately $300,000 to provide
a material handling system to handle trays of mail — from letter
sorting to shipping — at a major commercial mail facility. This
state-of-the-art facility is using Ermanco’s new CRUZcontrol™
live roller conveyor. Terms of the contract were not disclosed.
Bill Johnson, President and CEO of Paragon Technologies, states,
“Ermanco has recently completed several systems for this customer,
utilizing its patented non-contact accumulation conveyor, which is
ideal for handling trays of mail. We are very pleased that they have
utilized our services to provide this advanced material handling automation.”
About Paragon Technologies
Paragon Technologies is a
leader in integrating material 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. One of the top material handling systems
suppliers worldwide, Paragon’s leading clients have included the United States
Postal Service, General Motors, IBM, BMG, DaimlerChrysler, 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.
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