Summary of American Metal & Technology Books $1.6 Million in Additional Sales, Realizes Continued Success in Europe and New Interests from U.S. Customers
American Metal & Technology, Inc. secured $1.6 million in new orders for high-precision machined products from European and U.S. clients, including repeat business from three distributors and two new American customers. The company attributes this success to its proven quality, customer trust, and increased visibility as a public U.S. entity. Capable of producing parts with tight tolerances and surface finishes, the firm operates a large manufacturing plant in China with significant monthly output capacity and has expanded into circuit board production since 2006.
Parts used in the Manufacturing Operations:
- High precision investment casting
- Machined parts
- Electronic circuit boards
- Home appliance motion controllers
- Controller solutions
Los Angeles, CA (PRWEB) November 2, 2007
American Metal & Technology, Inc. (Stock Symbol: OTC BB: AMMY), a leading manufacturer of high precision investment casting, machined parts and electronic circuit boards in the People’s Republic of China (“PRC”), announced it has successfully obtained new sales orders for high precision machined products from customers in Europe and the United States for an aggregate value of approximately $ 1.6 million dollars. Of the $ 1.6 million, $ 1.36 million was from three of the Company’s previously established customers: a French brewery equipment distributor, a German food and beverage equipment distributor and a European equipment and parts distributor. The balance of $ 240,000 came from two new clients in the United States.
Chen Gao, President & CEO of American Metal & Technology, Inc., stated, “The recent orders are a testament that our business plan is working. Anytime we get repeat orders of this magnitude we know that we have gained a considerable amount of trust from our customers. Our customers have seen the quality of our work and have confidence in us to continue helping them grow their businesses. The two orders from new customers in the United States are also encouraging. Becoming a public company in the United States has helped us gain the attention of more North American businesses.”
American Metal & Technology, Inc. is capable of producing machined parts with dimensional tolerances within +/-0.015″, measurement of circular run-out tolerance around 7.6 microns, and up to +/-0.5 ∘ of special angle tolerance and Ra1.6 – Ra 3.2 ∘ in surface roughness.
To learn more about American Metal & Technology, Inc. (Stock Symbol: OTC BB: AMMY), please visit the Company’s website at: http://www.ammyusa.com
About American Metal & Technology, Inc.
American Metal & Technology, Inc., through its wholly owned subsidiary American Metal Technology Group (“AMTG”), a Nevada Corporation, and through AMTG’s subsidiaries, Beijing Tong Yuan Heng Feng Technology Co., Ltd. (“BJTY”) and American Metal Technology (Lang Fang) Co., Ltd. (“AMLF”), is a leading manufacturer of high precision casting and machined products in the People’s Republic of China (“China”). The subsidiaries operate in a 53,819 square foot manufacturing plant with monthly output capacity of 1,000,000 parts. In 2006, AMTG expanded into the design and manufacture of electric circuit boards for home appliances and motion controllers and was able to achieve profitability in its first year of operation by providing controller solutions to top brand appliance manufacturers in China.
Contact:
American Metal & Technology, Inc.
Investor Relations
- What is the total value of the new sales orders announced?
The aggregate value is approximately $1.6 million dollars. - How much revenue came from previously established customers?
$1.36 million was generated from three existing customers in Europe. - Who are the new clients mentioned in the announcement?
The new clients are two companies located in the United States. - Can the company produce parts with specific dimensional tolerances?
Yes, they can produce parts with tolerances within +/-0.015 inches. - Does the company manufacture electronic components?
Yes, they design and manufacture electric circuit boards for home appliances. - What is the monthly output capacity of their manufacturing plant?
The plant has a monthly output capacity of 1,000,000 parts. - How did becoming a public company affect their business?
Becoming a public company helped them gain attention from more North American businesses. - When did the company expand into controller solutions?
AMTG expanded into this area in 2006.
