SOURCE: NAC Global Technologies

October 16, 2014 10:56 ET

NAC Global Technologies Awarded Order for Intelligent Joint Actuator Drives in 4-Axis Robot

JACKSONVILLE, FL--(Marketwired - Oct 16, 2014) - NAC Global Technologies (OTCBB: NACG) today announced it has been selected and awarded an order with a Bangalore based manufacturer of factory automation systems. NAC's harmonic gearing drives will be incorporated in intelligent joint actuators of a new, 4-axis, SCARA style robot, a modular robot designed for pick and place applications with NAC drives providing precise, high speed, bi-directional motion control. The NAC drives' small size and light weight enabled the manufacturer to optimize the joint actuator designs. The new robot is self-contained and will be deployed in industrial applications providing automated small parts feeding and assembly. 

Mr. Vincent Genovese, Chairman and CEO of NAC, said, "This application award is another clear validator that our technology is gaining traction in the marketplace as we continue to execute on our growth strategy. India represents a vast market for NAC, and we believe we are positioned well to address the needs of its manufactures. Our engineering flexibility, manufacturing structure, and proven technology give NAC unique advantages and the ability to truly help its customers. In addition to this 4-Axis robot application, we are working with multiple companies in India developing advanced robotics as well as manufacturers in the printing and paper making and automotive industrial segments. Part of our business philosophy is to work in a collaborative, partner-like manner with our customers. As we further develop our business in India and with manufacturers around the world, we will continue to apply this principle. We are very pleased to announce this new drive application and look forward to continuing our work together."

About NAC Global Technologies

NAC Global Technologies is a development and manufacturing company. Its platform harmonic gearing technology is of key importance in the automation, robotics, and the defense industries and is enabling developments of new technologies. The company is expanding its market reach into emerging clean energy and advanced robotic applications with strategic initiatives in solar aiming, turbines, and new non-hazardous, non-volatile, environmentally friendly fuel cells suitable for use in aircraft and portable power.

The Company has its corporate headquarters in Jacksonville, FL, and has one operating subsidiary, NAC Drive Systems Inc. NAC manufactures and warehouses products in Port Jervis, NY and in Beijing, China via a strategic partnership agreement with CTKM Beijing Harmonic Drive, Ltd., the national HGT supplier to the China Space Agency. More Information is available at: www.nacglobaltechnologies.com

Forward-looking Statements

This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which contain words such as "expect," "believe" or "plan," by their nature address matters that are, to different degrees, uncertain. These uncertainties may cause actual future events to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

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