Aftermarket Technology Corp. Signs Multi-Year Contract With BorgWarner Turbo & Emission Systems
Aftermarket Technology Corp. (Nasdaq:ATAC) today announced that it has signed a multi-year contract with BorgWarner Turbo and Emission Systems, a new customer for the Company. BorgWarner Turbo and Emission Systems is a leading supplier of turbocharging systems to the automotive and the medium- and heavy-duty truck industries.
Under the terms of the contract, ATC will support one of BorgWarner Turbo and Emission Systems’ newest product lines by accepting used turbochargers for processing. ATC will conduct warranty analysis on the units, and then reclaim and salvage materials, clean the units and return them to BorgWarner Turbo and Emission Systems for final assembly and sale to the Aftermarket. Using state-of-the art processes, initially ATC will process up to an estimated 10,000 to 30,000 units/year at its Oklahoma City facility starting in the second half of 2007.
In commenting on the new relationship, Don Johnson, Chairman, President and CEO said, “We are pleased to add BorgWarner Turbo and Emission Systems, a premiere company, to our customer roster. We are working very closely with BorgWarner Turbo and Emission Systems personnel to assist them in achieving their goals in the marketplace. This is the initial program and we look forward to further expanding our relationship with BorgWarner Turbo and Emission Systems. This win is another step in ATC’s strategy to grow in the medium-and heavy-duty industry to expand and diversify the company’s customer base and product offerings.”
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