CALABASAS, Calif., Jan. 31, 2012 /PRNewswire/ -- National
Technical Systems Inc. (NASDAQ: NTSC) (NTS), a leading provider of engineering,
testing and supply chain management services, announced today that it has been
awarded a contract to fabricate and deliver a second Mobile FASTek Scrap-Metal
Loading Machine for Advanced Steel Recovery (ASR), a scrap metal recycling company based in
Fontana, CA. The second machine, which will be completed by April, will provide
the same revolutionary loading functionality as the first prototype unit, along
with several performance upgrades NTS will engineer and implement based on
experience from extensive real-world trials. The combined engineering, fabrication
and testing contract is valued at nearly $1 million.
The FASTek Mobile Loading Machine is a self-contained,
55-foot long, 93,000 pound, self-leveling machine with an integrated scale
system that reduces the time it takes to load and ship as much as 58,000 pounds
of scrap from approximately three hours down to about 15 minutes. Unlike the so-called fixed machines that
reside only in a single location, this mobile machine has the unique ability to
be transported as needed to demolition sites or smaller scrap recycling yards
that are not capable of supporting the scrap volume required for a fixed
machine. Like the first machine, this
second unit will also integrate the same custom data reporting systems
accessible via any web-enabled device (computer, smart phone, etc.), allowing
the customer to view real-time load information.
NTS Chief Executive Officer William McGinnis noted
that the work on the new mobile machine is an outgrowth of successful earlier
projects with ASR that included designing similar fixed machines for scrap
metal processing.
"The fact that we will be fabricating, assembling
and testing this mobile machine is another excellent demonstration of the
breadth of our capabilities," McGinnis said. "Winning repeat business
from a satisfied customer like ASR is also a strong indication that there is growing
demand for our new services and that NTS has proven its ability to deliver."
ASR has been an NTS customer since 2004 and
continues to rely on NTS' proven ability to provide a variety of technological
solutions and manufacturing services. The FASTek mobile machine was originally
designed by NTS as an adjunct to the successful FASTek fixed machines that
service scrap yards throughout the United States ,
Mexico and the Caribbean . This
second mobile machine will join the fleet of 19 fixed machines and one mobile
machine already deployed by ASR. NTS will deliver its 20th fixed machine to ASR
in February of 2012. The FASTek machines provide a unique capability to
dramatically increase scrap-metal throughput by taking advantage of favorable
shipping rates for return of normally-empty containers to overseas locations.
"This second mobile machine builds on the long
and successful relationship between ASR and NTS," said Dave Brown, General
Manager of the NTS Engineering Services Group. "It provides our customer
with an increased ability to service scrap recycling locations that would not
normally enjoy the benefit of such a process, and it capitalizes on the unique
and efficient fabrication capabilities of NTS' Engineering Services Group."
Fabrication of the FASTek mobile machine will take
approximately five months, and delivery of the machine will coincide with the
Institute of Scrap Recycling Industries 2012 Annual Convention and Exposition, to
be held in Las Vegas
in April. As with previous FASTek machines, the second mobile machine will be
fabricated, assembled and tested at NTS' Engineering Services headquarters in Albuquerque , NM .
(A photo of the FASTek Mobile Loading Machine is
available upon request.)
About ASR
Advanced Steel Recovery is a forward-looking scrap
metal recycling company headquartered in Southern
California . Advanced Steel Recovery invented and patented FASTek, the
world's first machine designed to fully automate the containerization of scrap
metal. In 2010, the Journal of Commerce ranked Advanced Steel Recovery as America 's 33rd
largest exporter of container cargo, among the top two for containerized, ferrous
scrap.
Through its implementation of FASTek, Advanced
Steel Recovery has created a global network of scrap suppliers, steel mills and
container shipping lines, providing scrap suppliers a turnkey export solution.
About National Technical Systems
National Technical Systems, Inc. (NTS) is a leading
provider of testing and engineering services to the aerospace, defense, telecommunications,
automotive and high technology markets. Through a world-wide network of
resources, NTS provides full product life-cycle support, offering world class
design engineering, compliance, testing, certification, quality registration
and program management. For additional information about NTS, visit the Company's
website at www.nts.com or call 800-270-2516.
Forward-Looking Statements
The statements in this press release that relate to
future plans, events or performance, are forward-looking statements that
involve risks and uncertainties, including risks associated with uncertainties
pertaining to customer orders, demand for services and products, development of
markets for the Company's services and products and other risks identified in
the Company's SEC filings. Actual
results, events and performance may differ materially and readers are cautioned
not to place undue reliance on these forward-looking statements, which speak
only as of the date hereof. The Company
undertakes no obligation to release publicly the result of any revisions to
these forward-looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
"Safe
Harbor " Statement
under the Private Securities Litigation Reform Act of 1995: Statements in this
press release regarding National Technical Systems' business which are not
historical facts are "forward-looking statements" that involve risks
and uncertainties. For a discussion of such risks and uncertainties, which
could cause actual results to differ from those contained in the forward-looking
statements, see "Risk Factors" in the Company's Annual Report or Form
10-K for the most recently ended fiscal year.
Source: National Technical Systems Inc. 31 January 2012