FOR IMMEDIATE RELEASE
February 19, 2019
ART’S-WAY MANUFACTURING ANNOUNCES AWARD OF $8.4 MILLION PROJECT
ARMSTRONG, IOWA, February 19, 2019 – Art’s-Way Manufacturing Co., Inc. (Nasdaq: ARTW), a diversified, international manufacturer and distributor of equipment serving agricultural, research and steel cutting needs, announces its modular buildings segment has entered into a contract worth $8.4 million for the completion of a biomedical facility in Frederick, Maryland. The project consists of five modular units that make up a 5,430 square foot facility.
President of Art’s Way Scientific, Dan Palmer, reports “We are very pleased to have the opportunity to complete this project.
“This will be our third significant modular laboratory project for this client. We are delighted to be able to bring back together the same team of construction managers, architectural, structural, and mechanical engineers and subcontractors that have supported our manufacturing plant in successfully completing the previous high value, high quality and on time solutions to support this client’s important research requirements. We are expecting completion of this project by the end of our 2019 fiscal year.”
About Art’s Way Scientific, Inc. –Buildings For Science –
Art’s Way Scientific, Inc. is a wholly owned subsidiary of Art’s-Way Manufacturing Co., Inc. and is the recognized leading supplier of modular laboratories for biocontainment, animal husbandry science, public health and security requirements. Art’s Way Scientific custom designs, manufactures, delivers, and installs laboratories and research facilities to meet customers’ critical requirements. For more information, visit our website at www.buildingsforscience.com.
About Art’s-Way Manufacturing Co., Inc.
Art’s-Way manufactures and distributes farm machinery niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, plows, hay and forage equipment, manure spreaders, reels for combines and swathers, and top and bottom drive augers, as well as modular animal confinement buildings and laboratories, and specialty tools and inserts. After-market service parts are also an important part of Art’s-Way’s business. Art’s-Way has three reporting segments: agricultural products; modular buildings; and tools.
For more information contact: Carrie Gunnerson, President, Chief Executive Officer and Interim Chief Financial Officer
Or visit our website at www.artsway-mfg.com/
This news release includes “forward-looking statements” within the meaning of the federal securities laws. Statements made in this release that are not strictly statements of historical facts, including our expectations regarding the timing of project completion, are forward-looking statements. Statements of anticipated future results are based on current expectations and are subject to a number of risks and uncertainties, including, but not limited to, our ability to complete projects in a timely and efficient manner in accordance with customer specifications, and other factors detailed from time to time in our Securities and Exchange Commission filings. Actual results may differ markedly from management’s expectations. We caution readers not to place undue reliance upon any such forward-looking statements. We do not intend to update forward-looking statements other than as required by law.