Science & Technology
Science and Technology
Science and Technology
Fri, December 19, 2008
Thu, December 18, 2008 National Automation Services, Inc.: National Automation Services, Inc. Announces New Contracts
LAS VEGAS, NV--(Marketwire - December 18, 2008) - National Automation Services, Inc. ([ www.n-a-s-inc.com ]) (
One contract is for Process Area 400. Intecon is tasked to eight PLC-based electrical control panels. These units will monitor and control the zinc and lead processes in area 400. This project is on an expedited schedule and the units are expected to ship to Mexico mid February 2008.
The other contract is for three large PLC-based control panels to control Process Area 600. This contract is also in production with an expected ship date in mid February. Once completed, the Peñasquito project will be the largest mining processing plant in Mexico, with a total design production capacity of 130,000 tons of ore per day.
In describing the award of these contracts, Michelle Hammer, Sales Representative for Intecon, Inc., stated, "This is a rewarding way to cap off the year. We are enjoying the award of these contracts and looking forward to strengthening our relationship with M3 Engineering and the mining industry. The demand for copper is still high in China and I expect this coming year to be very profitable in the mining industry."
Stay up-to-date with current events by joining National Automation Services' E-Mail Alert List. Join by clicking the following link: [ http://www.n-a-s-inc.com/investor_relations.html ] or by contacting Leah Vigil, NAS Marketing Manager: Email [ lvigil@n-a-s-inc.com ] Phone: 702-642-7720
ABOUT NATIONAL AUTOMATION SERVICES, INC.
From Hand Production to Automation
Before the Industrial Revolution, virtually all goods were made by hand. With the Industrial boom of the 1900s, the automation and controls industry was born to improve the quality and reduce the costs of tedious, repetitive tasks in the industrial plants.
Immediately after World War II, computers were born, almost entirely for scientific purposes. By the early 60s, computers began to make their way rapidly into process control and production. Automated assembly lines took on more and more tasks, allowing for an increasing number of automated processes and adjustments. By eliminating tedious tasks usually performed by hand, the owners of a plant realized higher quality and more output which improved not only quality but competitiveness as well.
Today's Markets
Automation touches our lives without notice, from the food we eat, to the clothes we wear, to the building materials we use; and almost anything else we consume or come in contact with.
Accordingly, the markets of National Automation Services, Inc. are vast. They include waste/water treatment, airport security systems, bottling plants, power plants, metals, mining, breweries, food processing, tire making, textiles, plastics, and virtually all production activities.
Although there are a handful of very large automation and controls companies, the industry is highly fragmented with about 286 companies of modest size in the U.S. These companies are privately owned, local in nature, and total approximately $32 billion in annual gross sales.
A handful of larger automation companies dominate the market as they offer national, as well as worldwide, support for the Corporate and Government clients they serve. In total the automation industry in the U.S. exceeds the $400 billion mark each year, largely serviced by this handful of firms.
Where We Are Going
NAS intends to build a nationwide company through acquisitions and internal growth in this fragmented market. We believe that our growing company will retain healthy margins and produce attractive increases in earnings per share during the period of this Plan. Our estimate is that we will immediately produce cost savings of 12-15% on each acquisition, thereby driving consolidated EBITDA and earnings per share. Furthermore, NAS, by utilizing the expertise of the group, the sharing of national contracts, and proven revenue enhancement techniques, has the goal of doubling the gross sales of each acquisition in the first 12 months of the date of each acquisition.
The Company currently focuses on:
Industrial Automation and Control. NAS has an experienced staff of electrical and control engineers, as well as project managers, with experience in industrial automation and controls. The Company's business is currently focused in Nevada, Arizona, and Utah, but it intends to expand through internal growth and acquisitions throughout the U.S. during 2008.
Automation Manufacturing. The Company is a certified Underwriters Laboratories Panel fabrication facility. This nationally-recognized regulatory body provides NAS with significant marketplace credibility for custom control panel assembly and fabrication to its clients.
FORWARD-LOOKING STATEMENT: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the sustainability of recent growth rates in the automation controls industry, the positioning of NAS in the market, the ability to integrate acquired companies and technology, the ability to retain key employees, the ability to successfully combine product offerings and customer acceptance of combined products, general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems, and whether NAS can successfully gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release.
