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Founded in September 1992, Omni-Lite Industries Canada Inc. (OML:TSX-V) is one of the world’s leading developers and manufacturers of precision components utilizing advanced composite materials and computer-controlled cold forging techniques.
The company is actively searching for a 60,000 to 70,000 square foot facility to accommodate the 38 cold forging systems that will be in place over the next two years. Management anticipates that 2008 activity will result in another year of record revenues, primarily due to strength in the Military, Aerospace and Automotive divisions. The company is targeting overall growth rates of 20% to 25% per year for the next three years.
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