WARREN, Mich., Jan. 24 /PRNewswire-FirstCall/ -- Noble International, Ltd. ("Noble" or the "Company") announced that it began production of laser-welded blanks ("LWBs") for the Dodge Durango at its new facility in Stow, Ohio. The Stow plant is Noble's sixth production facility and reflects the Company's expansion and the growth of the LWB market.
Noble's Chief Operating Officer, Jay J. Hansen, stated, "When Noble was awarded the Durango program in July 2005, we committed to open an all-new facility to meet our customer's needs in January 2006. Our team has met their target of beginning LWB production this month, demonstrating Noble's ability to meet customer requirements for reliable delivery and quality. We believe it is our ability to meet our customers' requirements that has made Noble the supplier of choice in our industry. Since we announced the award of the Durango program, we have been awarded four more programs for our Ohio facility, with production on our next program scheduled to begin in the second quarter of 2006."
Mr. Hansen continued his comments by remarking on the Company's growth, "Noble continues to grow and to drive the growth of the market for laser- welded flat blanks and tubular structures by delivering to our customers the most innovative and highest-value products in the industry. Our 21st Century Auto Body Solutions(SM) strategy is working and we look forward to sharing more details of Noble's growth in the near future."
SAFE HARBOR STATEMENT
Certain statements made by Noble International, Ltd. in this presentation and other periodic oral and written statements, including filings with the Securities and Exchange Commission, may be "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, as well as statements which address operating performance, events or developments that we believe or expect to occur in the future, including those that discuss strategies, goals, outlook or other non- historical matters, or which relate to future sales or earnings expectations, cost savings, awarded sales, volume growth, earnings or a general belief in our expectations of future operating results, are forward-looking statements. The forward-looking statements are made on the basis of management's assumptions and estimations. As a result, there can be no guarantee or assurance that these assumptions and expectations will in fact occur. The forward-looking statements are subject to risks and uncertainties that may cause actual results to materially differ from those contained in the statements. Some, but not all, of the risks include our ability to obtain future sales; our ability to successfully integrate acquisitions; changes in worldwide economic and political conditions, including adverse effects from terrorism or related hostilities including increased costs, reduced production or other factors; costs related to legal and administrative matters; our ability to realize cost savings expected to offset price concessions; inefficiencies related to production and product launches that are greater than anticipated; changes in technology and technological risks; increased fuel costs; work stoppages and strikes at our facilities and that of our customers; the presence of downturns in customer markets where the Company's goods and services are sold; financial and business downturns of our customers or vendors; and other factors, uncertainties, challenges, and risks detailed in Noble's public filings with the Securities and Exchange Commission. Noble does not intend or undertake any obligation to update any forward-looking statements.
First Call Analyst:
FCMN Contact: gsalchow@nobleintl.com
