Rutter Inc. Announces $4.0 million in New Orders
St. John’s, NL, Canada – December 1, 2011/CNW/: Today, Rutter Inc. (TSX: RUT) is announcing the receipt of manufacturing orders valued in excess of CAD$4 million dollars, bringing total orders/shipments in hand for scheduled delivery in fiscal 2012 to $12.5 million.
For 25 years Rutter has been a proud supplier of equipment in use by the Canadian, United States and other international armies. Under these purchase orders, Rutter will deliver defense assemblies destined for installation in vehicles designed for the enhanced protection of infantry troops.
In commenting on the new orders, Rutter President and CEO Fraser Edison noted “In light of the pressures on government spending and general slower pace of release for recent orders, we are pleased to have a reasonable manufacturing order book in place at this point in our year and believe that these awards are further confirmation of the value we provide to our customers. In addition to our manufacturing activity, our radar products continue to generate significant interest in the marketplace. We have orders/shipments to date in excess of $1 million and we continue to see an increase of quoting activity as compared to the same point last year.”
About Rutter Inc. – Rutter is an enterprise focused on providing innovative technologies and engineering solutions. Rutter’s global network supplies technologies to improve efficiency and safety in the marine, defense, transportation, oil and gas sectors from its headquarters in the Province of Newfoundland and Labrador. For more information see www.rutter.ca.
For further information please contact:
Fraser Edison, President and Chief Executive Officer, Rutter Inc. 1 709 576 6666
This press release may contain forward-looking statements that involve risks and uncertainties. These statements reflect current expectations and are subject to a number of risks and uncertainties including but not limited to, change in technology and general market conditions. Due to the many risks and uncertainties, Rutter Inc. cannot assure that forward-looking statements that may be contained in this press release will be realized.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.