CHICAGO, May 24, 2011 /PRNewswire via COMTEX/ --
JBT Corporation (NYSE: JBT) today announced it received a $5.9 million order from Ford Motor Company for automated material handling equipment. The equipment includes nearly 100 new and upgraded automatic guided vehicles (AGVs) to provide safe, efficient, and cost effective movement of materials at a major Ford stamping plant.
"We have a long history as an outstanding AGV supplier to Ford," stated John Lee, Vice President of JBT AeroTech. "We are happy to continue this strong relationship." Lee added, "This order includes some recent technology advances and we are pleased that Ford recognizes our continued investment in AGV technology."
The system will be commissioned in several phases with completion scheduled for the second quarter of 2012.
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