Montreal, Canada – March 31, 2008 – Avensys Inc., a leading manufacturer and distributor of fiber optic components and integrator of instrumentation and turn-key systems for environmental monitoring, and a wholly owned subsidiary of Avensys Corporation (OTC BB: AVNY.OB; FRANKFURT WKN: A0M9YA), today announced the closing of its acquisition of the assets and liabilities of Willer Engineering Limited, a privately-held instrumentation solutions, products and service company based in Toronto, Canada. Details pertaining to this acquisition were originally announced on March 11, 2008.
The acquisition expands Avensys Environmental Solutions’ service offerings, establishing the company as a strong presence with the ability to expand product lines beyond its current capabilities, especially in the Canadian markets, where there is strong demand. Willer’s services include professional instrumentation solutions as well as products and services to the industrial industry, in the Eastern region of Canada.
About Willer Engineering Limited
For over 45 years, Willer Engineering has provided professional instrumentation solutions, products and service to the industrial, process and scientific markets in Eastern Canada. Its goal has been to provide consistent solutions to process measurement and control applications utilizing top performing products from proven manufacturers in step with the latest technologies. It applies the knowledge of its people and associates to offer equipment, systems and service to improve customer product quality, increase productivity, reduce downtime and meet environmental regulations.
About Avensys Corporation
Avensys Corporation operates Avensys Inc., its wholly-owned core subsidiary. Avensys Inc., through its manufacturing division Avensys Technologies, designs, manufactures, distributes, and markets high reliability optical components and modules as well as FBGs for the telecom market and high power devices and sub-assemblies for the industrial market. Avensys Technologies is also a pioneer in the development of packaged fiber-based sensors and possesses leading edge intellectual property. Avensys Environmental Solutions, also a division of Avensys Inc., is an industry leader in providing environmental monitoring solutions for air, water and soil in the Canadian marketplace. To find out more about Avensys Environmental Solutions, please visit our webiste at www.avensyssolutions.com. For Avensys Corporation company news and updates you can also visit www.avensyscorporation.com
Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
For more information, please contact:
Truc Nguyen or Christopher Chu
The Global Consulting Group
T: +1-646-284-9400
E: tnguyen@hfgcg.com | E: cchu@hfgcg.com