PARAGON
TECHNOLOGIES’ ERMANCO BRAND AWARDED A $1.25 MILLION CONTRACT TO AUTOMATE
A PROVIDER OF UNIFORM AND CAREER APPAREL
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EASTON, PA —
September 15, 2004 -- Paragon
Technologies, Inc. (AMEX:PTG), a leading supplier of “smart” material
handling solutions, including systems, technologies, products and services,
announced today that its Ermanco brand has received an order for approximately
$1.25 million to provide a material handling system to automate a distribution
center for a uniform and career apparel provider. Terms of the contract
were not disclosed.
Len Yurkovic, President and CEO of
Paragon Technologies, states, “We are pleased that our customer trusts
us to provide this advanced material handling automation. Our entire
team is committed to the successful implementation of this project
and to our client’s success.”
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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