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M E D I A   R E L E A S E

Aerosafe expansion opening August 2003

FORT ERIE, Ontario, August 27, 2003 - Tony Rodway, President of Fort Erie’s Aero-Safe Technologies Inc., today cut the ribbon on the company’s new state-of-the-art 7,200 square foot, $2.5 million processing facility in Fort Erie, Ontario, Canada.

The new facility is an extension of Aero-Safe’s existing manufacturing operation as it will provide pacivication, chemcoat and anodizing processes for the global aerospace and defense industries. “By offering this, we are expanding our capacity to existing and new customers because now we’ll be controlling our manufacturing process from beginning to end”, stated Mr. Rodway.

He explained that “The processing facility will yield savings to us because our sub-contracting costs will be lower as will our transportation and customs-related expenses. Our responsiveness also will be improved. To our customers this is significant . It means reduced lead times and a one-stop shop, all of which improve our ability to solve our customers’ problems. Product quality and service are what Aero-Safe is all about”.

The new facility has been constructed to allow for phase two expansion which will provide nickel, silver and copper plating processes. Aero-Safe is the only company in the Niagara Region that provides processing operations for the aircraft and aerospace industries. The expansion will mean employment opportunities for professionals in chemical engineering, processing management and facility operations (rackers and shippers).

Funding, in part, was secured from Technology Partnerships Canada (TPC). “We appreciate the financing support from TPC”, stated Mr. Rodway. As part of the federal government’s Innovation Strategy, TPC is a technology investment fund whose objectives are to finance projects that increase economic growth, jobs and wealth creation and support sustainable development. The Partnership invests strategically in research, development and innovation in order to encourage private sector investment so as to grow the technological capabilities of Canadian industry.

In operation since 1982, Aero-Safe Technologies produces machined parts for the global marketplaces for the aerospace, defence, satellite/surveillance, medical and environmental industries.