Williams Controls Subsidiary Announces Mexican Distribution Agreement
9 March 1999
Williams Controls Subsidiary Announces Mexican Distribution AgreementPORTLAND, Ore., March 8 -- Williams Controls, Inc. announced that its subsidiary, NESC Williams, Inc. has appointed Kompressoren, a subsidiary of Graco Mexicana of Monterrey, Mexico, to be NESC's exclusive dealer for the company's over-the-road compressed natural gas (CNG) conversion systems and the NESC FORKIT(TM) forklift CNG conversion kits. The company expects that this distribution agreement could result in $150,000 to $300,000 of new business for NESC over the next year, a 15-30% increase in this subsidiary's overall revenues. These patented forklift conversion kits are the only Underwriters Laboratories (UL) approved prepackaged CNG conversion kits in the world. NESC has successfully completed a major conversion project for Toyota Motor Corporation and Hyster forklifts at Cartones Ponderosa in San Juan del Rio, Mexico. Major U.S. conversion projects include the Avon Lake, Ohio facility for Ford Motor Company, plus other projects for Alcoa, Ralston Purina, Chrysler Corporation and Whirlpool Corporation. Williams Controls is a leading manufacturer and integrator of innovative sensors, controls and communications systems for the transportation and communications industries. For more information, you can reach the Company at http://www.wmco.com on the World Wide Web. Forward-looking statements in this news release, if any, are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the statements, including the impact of changing economic or business conditions, the impact of competition, the availability of financing, the success of products in the marketplace, other factors inherent in the industry and other factors discussed from time to time in reports filed by the company with the Securities and Exchange Commission.