D & R Technology Expands Product Portfolio
26 Marzo 2014 - 6:00AM
D & R Technology Inc, wholly owned subsidiary of Novus Robotics
Inc. (NRBT), announces successful installation of the assembly
equipment for aluminum components incorporated into Crash
Management Systems (CMS) of the new BMW X4. The term "Crash
Management System" is used to describe the structural module
consisting of the bumper and the related attachments which connect
to the vehicle and protection technology designed for the front and
the rear of a vehicle in the event of a collision.
D & R developed innovative technologies and products
combined with advanced design and manufacturing capabilities of our
customers will in all probability result in higher performance and
cost efficiency, thus opening new possibilities to expand the use
of full-aluminum CMS in the mass-market car segments. Close
collaboration with world-class automotive suppliers will further
solidify D & R's unique position in the growing market for
aluminum in the automotive industry.
Automotive sector analysts expect the use of aluminum CMS to
increase in the next five years, particularly in European premium
cars. By 2018, aluminum CMS are projected to capture about 30
percent of total European automotive market share. In the United
States, aluminum CMS are expected to account for nearly 20 percent
market share by 2018. Combined aluminum CMS production for China,
Europe and North America is expected to reach more than 28 million
units by 2018.
About D & R Technology Inc:
www.dnrtechnology.com
D & R Technology designs, manufactures, and markets
industrial and consumer products. Through independent subsidiaries
we provide state of the art automation technology solutions to
enable customers to dramatically accelerate time-to-market and
increase revenue.
D & R Technology Inc. is a recognized technology pioneer and
market leader in the area of engineering, design and the
manufacturing of automated tube processing solutions for the
automotive industry. It is emerging as one of the world's leading
providers of automated manufacturing solutions, which are used by
three of the top ten automotive part suppliers in the world.
The Private Securities Litigation Reform Act of 1995 provides a
"safe harbour" for forward-looking statements. Certain information
included in this press release contains statements that are
forward-looking, such as statements relating to the future
anticipated direction of the Company, plans for future expansion,
various business development activities, planned capital
expenditures, future funding sources, anticipated sales growth,
potential contracts, and/or aspects of litigation. Such
forward-looking information involves important risks and
uncertainties that could significantly affect anticipated results
in the future, and, accordingly, such results may differ from those
expressed in any forward-looking statements made by, or on behalf
of, Novus Robotics Inc. These risks and uncertainties include, but
are not limited to, those relating to development and expansion
activities, dependence on existing management, financing
activities, and domestic and global economic conditions. Persons
are encouraged to read our Annual Report on Form 10-K for the year
ended December 31, 2012 and our other documents subsequently filed
with the Securities and Exchange Commission for meaningful
cautionary language in respect of forward-looking statements in
this press release. Interested persons are able to obtain free
copies of filings containing information about the Company at the
SEC's internet site (http://www.sec.gov). The Company assumes no
obligation to update any of these forward-looking statements.
CONTACT: Berardino Paolucci
7669 Kimbal Street
Mississauga, Ontario
Canada
(905) 672-7669
Novus Robotics (PK) (USOTC:NRBT)
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