ART�S WAY MANUFACTURING ANNOUNCES $1.7 MILLION CONTRACT FOR INSTALLATION OF MODULAR BUILDING COMPLEX
Art�s Way Scientific, Inc. To Install 24 Modular Units Totaling 21,350 Square Feet
ARMSTRONG, Iowa, April 30, 2012 � Art�s Way Manufacturing Co., Inc. (NASDAQ: ARTW), announces its wholly-owned subsidiary, Art�s Way Scientific, Inc., - www.buildingsforscience.com - has executed an installation contract for 24 modular buildings, which will make up a 21,350 square foot research facility. The modular units are under construction and are expected to be installed before the end of the 2012 calendar year. The research facility is being built for one of the world's leading research and teaching institutions. As previously announced in a news release dated January 4, 2012, Art�s Way procured a $7 million contract to design and manufacture the 24 modular units. The installation contract brings the total expected revenue from the combined contracts to $8.7 million over the term of the contracts.
J. Ward McConnell, Jr., Chairman of the Board, said, �We are grateful for the opportunity to continue providing critical services to this prestigious institution and valued client. As a result of these combined contracts and other smaller contracts recently awarded to Scientific, as well as a very healthy farm income which has encouraged farmers to purchase new equipment and expand operations, we expect consolidated Art�s Way�s revenue, income and gross margins to improve significantly in the balance of fiscal 2012.�
About Art�s Way Scientific, Inc. �Buildings For Science -
Art�s Way Scientific, Inc. is a wholly-owned subsidiary of Art�s Way Manufacturing, Inc. It is the recognized leading supplier of modular laboratories for biocontainment, animal husbandry science, public health and security requirements. Art's Way Scientific custom designs, manufactures, delivers, and installs laboratories and research facilities to meet customers� critical requirements. For more information, visit our website at www.buildingsforscience.com.
About Art�s Way Manufacturing, Inc.
Art's Way manufactures and distributes farm machinery niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, crop shredding equipment, plows, hay and forage equipment and top and bottom drive augers. After market service parts are also an important part of the Company's business. We have two wholly owned subsidiaries. Art's Way Vessels, Inc. manufactures pressurized tanks and vessels and Art's Way Scientific, Inc. manufactures modular animal housing buildings and modular laboratories.
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Or visit the Company's website at www.artsway-mfg.com/
This news release includes "forward-looking statements" within the meaning of the federal securities laws. Statements of anticipated future results, including but not limited to the anticipated revenues and timeframes discussed in this release and expected consolidated results of operations, are based on current expectations and are subject to a number of risks and uncertainties, including but not limited to, unforeseen delays in production and installation, unforeseen contract disputes, customer demand for the Company's products, domestic and international economic conditions and other risks detailed from time to time in the Company's Securities and Exchange Commission filings. Actual results may differ markedly from management's expectations. The Company cautions readers not to place undue reliance upon any such forward-looking statements.
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Natural Gas Services Group Inc.
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CODE : NGS |
ISIN : US63886Q1094 |
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Natural Gas Services est une société de production minière et de pétrole basée aux Etats-Unis D'Amerique. Natural Gas Services est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 252,2 millions US$ (221,0 millions €). La valeur de son action a atteint son plus bas niveau récent le 11 août 2023 à 10,00 US$, et son plus haut niveau récent le 28 mars 2024 à 19,43 US$. Natural Gas Services possède 12 982 262 actions en circulation. |