CHICAGO, Dec. 15, 2010 /PRNewswire via COMTEX/ --JBT Corporation (NYSE: JBT) today announced it received an Automatic Guided Vehicle (AGV) system contract to automate product movement in a North American integrated manufacturing and warehousing facility. The contract, valued at over $5 million, represents the eighth consumer products facility automated by JBT Corporation's guided vehicle systems.
The AGV system includes several different types of vehicles that provide material handling throughout the manufacturing process, from the automatic delivery of raw material and work-in-process goods to the storage and retrieval of finished goods. In addition to guided vehicles, the system also includes integration of an inventory tracking software package with the customer's business system software that controls production.
"We are very proud to be awarded this order after a thorough evaluation process," stated John Lee, Vice President and Division Manager of JBT AeroTech. "It confirms both our strength in automating consumer product facilities, and our ability to reduce costs while increasing productivity in both manufacturing and warehousing applications."
The system will be commissioned in several phases with completion scheduled for the second quarter of 2012.
About JBT Corporation
JBT Corporation (NYSE: JBT) is a leading global solutions provider to the food processing and air transportation industries. JBT Corporation designs, manufactures, tests and services technologically sophisticated systems and products for regional and multi-national industrial food processing customers through its JBT FoodTech segment and for domestic and international air transportation customers through its JBT AeroTech segment. JBT Corporation employs approximately 3,300 people worldwide and operates sales, service, manufacturing and sourcing operations located in over 25 countries. For more information please visit www.jbtcorporation.comorwww.jbtaerotech.com.
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond the Company's ability to control. These risks and uncertainties are described under the caption "Risk Factors" in the Company's Annual Report on Form 10-K filed by the Company with the Securities and Exchange Commission that may be accessed on the Company's website. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.
SOURCE JBT Corporation