ATS Announces Automation Systems Order Booking

Cloud Investing

ATS Automation Tooling Systems Inc. (TSX:ATA) reported an enterprise Order Booking from a North American industry leader for medical devices, for the highly automated manufacturing of their innovative drug delivery device. As quoted in the press release: The Order Booking is valued at approximately CAD $40 million and includes the design, delivery and installation of …

ATS Automation Tooling Systems Inc. (TSX:ATA) reported an enterprise Order Booking from a North American industry leader for medical devices, for the highly automated manufacturing of their innovative drug delivery device.
As quoted in the press release:

The Order Booking is valued at approximately CAD $40 million and includes the design, delivery and installation of a new manufacturing system which is based on ATS’s proprietary technology. This unique technology facilitates high volume and reliable manufacturing requirements in a compact footprint. The Order Booking has been made under a master agreement which provides the framework for an additional potential follow-on order depending on the success of the customer’s product.

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