Business with Owens-Illinois; Company Expects First-Year Orders of Approximately $30 Million ST. LOUIS--(BUSINESS WIRE)--Sept. 12, 2006 LaBarge, Inc. (AMEX: LB) announced today that it has signed a multi-year contract with Owens-Illinois, Inc. (NYSE: OI) to expand the Company's sourcing and production of electromechanical equipment used in the manufacture of glass containers. The Company anticipates orders in the first year will total approximately $30 million. LaBarge currently manufactures more than 1,200 different electronic, electromechanical and mechanical assemblies for O-I, including control systems, automated optical inspection equipment and spare parts. The new agreement expands that work. The Company expects the new production, which will be done at its Pittsburgh facility, to begin in the second half of the current fiscal year with shipments ramping up during the third and fourth fiscal quarters. "O-I is a key customer and we are delighted to expand our relationship. This is an excellent example of our success in broadening our involvement with existing customers who desire LaBarge's capabilities and expertise," said Craig LaBarge, chief executive officer and president. About O-I Millions of times a day, O-I glass containers, healthcare packaging and specialty closure systems deliver many of the world's best-known consumer products to people all around the world. With leading positions in Europe, North America, Asia Pacific and Latin America, O-I provides consumer-preferred products that enable superior taste, purity, visual appeal and value benefits for our customers' products. Established in 1903, the company employs nearly 30,000 people and has more than 100 manufacturing facilities in 23 countries. In 2005, annual revenues were $7.2 billion. For more information, visit http://www.o-i.com. About LaBarge, Inc. 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 developments. CONTACT: LaBarge, Inc., St. Louis Colleen Clements, 314-997-0800, ext. 409 email@example.com
LaBarge Signs Multi-Year Contract to Significantly Expand
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