OLATHE, Kan., Aug. 20, 2014 (GLOBE NEWSWIRE) -- Elecsys Corporation (Nasdaq:ESYS), a provider of innovative machine-to-machine (M2M) communication technology solutions, data acquisition systems, and custom electronic equipment for critical industrial applications, today announced a planned expansion to its Olathe, Kansas production facility. The project will expand the Company's production facility by over 40% to a total of 85,000 sq ft. and should provide additional capacity to accommodate the projected growth of the Company's business over the next several years. The facility expansion will be constructed by Miller Stauch Construction who anticipates completion of the additional space in Summer 2015. Elecsys worked with the City of Olathe and has been approved for both Industrial Revenue Bonds and a tax abatement to develop the project.
Karl B. Gemperli, President and Chief Executive Officer, commented, "We are very excited about the expansion of our facility in Olathe and look forward to working with both Miller Stauch and the City during the project. We believe that this substantial expansion to our state-of-the-art electronic manufacturing facility will position us to sustain our projected long-term growth and pursue a wide variety of future business opportunities."
"We're so pleased that Elecsys has chosen to stay and expand its operations in Olathe," said Mayor Michael Copeland. "Elecsys solutions are relied upon by major organizations in diverse industries across the world, including multinational energy companies and large industrial original equipment manufacturers, and we're lucky to have such an innovative company call Olathe home."
"This expansion is great news for Elecsys and for the City of Olathe," said Tim McKee, CEO of the Olathe Chamber of Commerce. "The additional 25,000-square-foot expansion will better equip Elecsys for its continued growth, and the investment to Olathe is invaluable in terms of economic development."
About Elecsys Corporation
Elecsys Corporation provides innovative machine-to-machine (M2M) communication technology solutions, data acquisition and management systems, and custom electronic equipment for critical industrial applications worldwide. The Company's primary markets include energy production and distribution, agriculture, water management, transportation, and safety systems. Elecsys products and services encompass remote monitoring, industrial data communication, mobile data acquisition, and wireless communication technologies that are deployed wherever high quality and reliability are essential. Elecsys develops, manufactures, and supports proprietary M2M technology and products for multiple markets under several premium brand names. In addition to its proprietary products, Elecsys designs and manufactures rugged and reliable custom solutions for multiple original equipment manufacturers in a variety of industries. For more information, visit www.elecsyscorp.com.
The discussions set forth in this press release may contain forward-looking comments based on current expectations that involve a number of risks and uncertainties. Actual results could differ materially from those projected or suggested in the forward-looking comments. The difference could be caused by a number of factors, including, but not limited to the factors and conditions that are described in Elecsys Corporation's SEC filings, including the Form 10-K for the year ended April 30, 2014. The reader is cautioned that Elecsys Corporation does not have a policy of updating or revising forward-looking statements and thus he or she should not assume that silence by management of Elecsys Corporation over time means that actual events are bearing out as estimated in such forward-looking statements.
CONTACT: Investor Relations Contact: Todd A. Daniels (913) 647-0158, Phone (913) 982-5766, Fax firstname.lastname@example.org