Atlas Engineered Products' South Central Plant Completes First Customized Wall Panel Project
May 22, 2019
Nanaimo, British Columbia / Atlas Engineered Products (“AEP” or the “Company”) (TSX-V: AEP; OTC Markets: APEUF) is pleased to announce the introduction of customized wall panels to the product offering at its recently acquired SC Building Systems (“SC”) in Carman MB.
“This type of customized pre-fabrication is revolutionizing the building trade,” explained AEP CEO Dirk Maritz. “Assembling these panels ahead of time, indoors in the plant, means that that delivery and construction can be timed down to the specific day. Added to SC’s expertise in design, engineering, roof trusses and floor joists - the result is a superior turn-key service. In the case of this 3-door garage with attic, it meant completing in a single day.”
“This is an integral part of our growth strategy and we expect this offsite construction technology to be rolled out to all our plants across the country,” said Mr. Maritz.
Traditional stick frame construction, meaning loose pieces of lumber are delivered and framed up on site, is often weather dependent, and it is time and labour intensive. Quality control can be insufficient or poorly tracked.
“This particular project saved at least 8 labour hours of framing on a relatively small job” said SC founder and AEP Vice-President Lindsay Boese. “On larger projects the cost and time savings can become significant. At the end of the day it provides our clients with incredible control over their schedules and costs.”
SC Building Systems and other AEP plants in BC and Ontario use laser precision, software and automation to manufacture engineered products, in a controlled indoor factory environment using standardized best practices.
SC has a loyal and growing customer base covering more than 25 communities in southern Manitoba. The plant provides easy access to the large Winnipeg market, as well as offering potential entry into the northern parts of Minnesota and North Dakota. SC was AEP’s sixth acquisition in just over a year and expands the Company’s cash-flowing portfolio and footprint into a third province.
About Atlas Engineered Products Ltd.
AEP is a newly listed growth company, as of November 2017, that is acquiring and operating profitable, well-established operations in Canada’s truss and engineered products industry. We have a well-defined and disciplined acquisition and operating strategy enabling us to scale aggressively, giving us a unique opportunity to consolidate a fragmented industry of independent operators.
For further information please contact:
Atlas Engineered Products Ltd.
Dirk Maritz, CEO & President
Phone: 1-250-754-1400
Email: [email protected]
Unit 102, 6551 Aulds Road
Nanaimo, BC V9S 5X9
www.atlasengineeredproducts.com
For investor relations please contact:
Rob Gamley
Phone: 1-604-689-7422
Email: [email protected]
Contact Financial Corp.
810 – 609 Granville St.
Vancouver, BC V7Y 1G5
Forward Looking Information
Information set forth in this news release contains forward-looking statements. These statements reflect management’s current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company’s control. Such factors include, among other things: Risks and uncertainties relating to the Company, including those to be described in the the Management’s Discussion and Analysis (“MD&A”) for the Company’s seven-month year ended December 31, 2018. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
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