EASTON, Pa., Aug. 10 /PRNewswire-FirstCall/ -- Paragon Technologies, Inc. , a leading supplier of "smart" material handling solutions, including systems, technologies, products and services, announced today that its SI Systems brand received an order totaling approximately $1.8 million from The Johns Hopkins Hospital in Baltimore, Maryland.
SI will provide and install its proprietary LO-TOW(R) transportation conveyor system which will be used to transport a varied fleet of carts carrying clean linens and supplies between existing and new hospital buildings that are part of a campus redevelopment program.
Originally opened in May 7, 1889, The Johns Hopkins Hospital is internationally recognized for its outstanding patient care, medical research, and teaching.
Len Yurkovic, President and CEO of Paragon Technologies, states, "We are delighted that such a prominent organization as The Johns Hopkins Hospital chose our SI LO-TOW(R) technology for their delivery system. This proven technology has been used in a similar fashion, connecting separate, adjoining buildings in warehousing or manufacturing applications, and we are excited about applying this technology to address the needs of The Johns Hopkins Hospital."
SI has installed similar towline-based system solutions in hundreds of locations worldwide, including assembly plants, distribution centers, military facilities, and bulk mail processing centers.
About Paragon Technologies
Paragon Technologies is a leader in integrating material handling systems and creating automated solutions for material flow applications. Ermanco's branded conveyor technologies and material handling solutions address the needs of the distribution, assembly, and manufacturing marketplace. SI Systems' branded technologies and material handling solutions address unit assembly handling and order fulfillment applications. One of the top material handling systems suppliers worldwide, Paragon's leading clients have included the United States Postal Service, General Motors, IBM, BMG, DaimlerChrysler, Johnson & Johnson, Ford, Peterbilt, Harley-Davidson, Walgreens, and Clark Equipment.
Cautionary Statement. Certain statements contained herein are not based on historical fact and are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities and Exchange Commission rules, regulations and releases. Paragon intends that such forward-looking statements be subject to the safe harbors created hereby. Among other things, the forward-looking statements regard Paragon's earnings, liquidity, financial condition, review of strategic alternatives, and other matters. Words or phrases denoting the anticipated results of future events, such as "anticipate," "does not anticipate," "should help to," "believe," "estimate," "is positioned," "expects," "may," "will," "is expected," "should," "continue," and similar expressions that denote uncertainty, are intended to identify such forward-looking statements. Paragon's actual results, performance, or achievements could differ materially from the results expressed in, or implied by, such "forward-looking statements:" (1) as a result of factors over which Paragon has no control, including the strength of domestic and foreign economies, sales growth, competition, and certain cost increases; and (2) if the factors on which Paragon's conclusions are based do not conform to its expectations.
This press release and prior releases are available at http://www.ptgamex.com/.
Paragon Technologies, Inc.CONTACT: Len Yurkovic, President and CEO, Paragon Technologies,+1-610-252-3205, +1-610-252-3102 (Fax)
Web site: http://www.ptgamex.com/
