Cancel OK

Atlas Engineered Products Announces $1.6M Purchase Order for Wall Panels and Engineered Wood Products

General News
Atlas Engineered Products logo lumber Secondary Manufacturer, Stocking Wholesaler/Distributor

Atlas Engineered Products (“AEP” or the “Company”) (TSXV: AEP) (OTC Markets: APEUF) is pleased to announce their signing of a purchase order (“PO”) for both wall panels and engineered wood products (“EWP”).

The total value of the purchase order is approximately $1.6 million, with $850,000 of that being in wall panel sales. During the nine months ended September 30, 2022, the Company had $108,356 in revenues from wall panels so this PO will represent a significant growth in revenues for this product line for the Company. Revenues from this PO will be recognized in financial results as the product is shipped per revenue recognition policies. This exciting opportunity represents a significant milestone, as AEP expands their product base with wall panels while maintaining their commitment to quality and craftsmanship.

“We are thrilled to receive this major purchase order as it furthers our expansion in to the wall panel industry,” said Hadi Abassi, CEO & President, Founder. “This represents the next step of our strategic expansion to become a quality multi-product supplier to our customers by offering floor trusses, beams, roof trusses, and now, wall panels, all while maintaining high levels of customer service.”

Atlas Engineered Products is poised for continued growth and success, as they expand their horizons and explore new opportunities in their industry.

About Atlas Engineered Products Ltd.

AEP is a growth company that is acquiring and operating profitable, well-established operations in Canada’s truss and engineered products industry. We have a well-defined and disciplined acquisition and operating growth strategy enabling us to scale aggressively and apply new technologies, giving us a unique opportunity to consolidate a fragmented industry of independent operators.

Source: Atlas Engineered Products Ltd.