ST. LOUIS, May 3 /PRNewswire-FirstCall/ -- LaBarge, Inc. (Amex: LB) has
been awarded a $1.2 million contract from O-I (NYSE: OI) to manufacture
inspection machines that detect flaws in glass containers. A newly designed
model, the sophisticated inspection machine can detect a variety of defects
such as variations in thickness, cracks, inclusions or other impurities in
glass containers made to hold food, beverages, and household and personal care
items. The Company anticipates additional work on the program.
LaBarge will manufacture the inspection machines at its Pittsburgh
facility. Production is expected to begin in May and continue through June
2005. LaBarge's Pittsburgh facility manufactures more than 1,200 different
electronic and electromechanical assemblies used by O-I to control industrial
processes and facilitate automated inspection of glass containers.
O-I is the largest manufacturer of glass containers in the world, with
leading positions in Europe, North America, Asia Pacific and South America.
O-I is also a leading manufacturer of health care packaging and specialty
LaBarge, Inc. is a broad-based provider of electronics to technology-driven companies in diverse markets. The Company provides its customers with
sophisticated electronic products through contract design and manufacturing
services. Headquartered in St. Louis, LaBarge has operations in Arkansas,
Missouri, Oklahoma, Pennsylvania and Texas. The Company's Web site may be
accessed at http://www.labarge.com .
Statements contained in this release relating to LaBarge, Inc. that are
not historical facts are forward-looking statements within the meaning of the
federal securities laws. Matters subject to forward-looking statements are
subject to known and unknown risks and uncertainties, including economic,
competitive and other factors that may cause LaBarge or its industry's actual
results, levels of activity, performance and achievements to be materially
different from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking statements.
Important factors that could cause LaBarge's actual results to differ
materially from those projected in, or inferred by, forward-looking statements
are (but are not necessarily limited to) the following: the impact of
increasing competition or deterioration of economic conditions in LaBarge's
markets; cutbacks in defense spending by the U.S. Government; loss of one or
more large customers; LaBarge's ability to replace completed and expired
contracts on a timely basis; the Company's ability to integrate recently
acquired businesses; the outcome of litigation the Company may be party to;
increases in the cost of raw materials, labor and other resources necessary to
operate LaBarge's business; the availability, amount, type and cost of
financing for LaBarge and any changes to that financing; and other factors
summarized in our reports filed from time to time with the Securities and
Exchange Commission. Given these uncertainties, undue reliance should not be
placed on the forward-looking statements. Unless otherwise required by law,
LaBarge disclaims any obligation to update any forward-looking statements or
to publicly announce any revisions thereto to reflect future events or
SOURCE LaBarge, Inc.
Colleen Clements of LaBarge, Inc., +1-314-997-0800, ext. 409,
-0- May/03/2005 12:00 GMT
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