Financial Wire

Atlas Engineered Products Receives Federal Grant of up to $4 Million For Robotic Facility

-- Atlas Engineered Products (AEP.V) said Wednesday that it will receive up to $4 million in federal funding through the Department of Natural Resources.

The funding will support building construction and procurement for the robotics truss manufacturing facility being built in Clinton, Ontario.

The project, which is nearing completion, is expected to increase manufacturing capacity and efficiency and minimize lumber waste in the manufacturing of roof trusses for the wood building construction sector. Once complete, the facility will be the first of its kind in Canada, adopting technology that has proved successful in Europe, Australia, and the United States, a statement said.

Atlas Engineered Product shares were last seen up $0.02, to $0.67, on the TSX Venture Exchange.

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