Atlas Engineered Products Ltd (CVE:AEP) (OTC:APEUF) told investors it had delivered its first pre-manufactured wall panels to a 'significant' office development project south of Nanaimo in British Columbia and that it was on its way to becoming the lead supplier of the building materials on Vancouver Island.
Use of such panels speeds up the construction timeline compared to traditional stick framing because fewer hands are involved, which provides significant time gains for clients, explained Hadi Abassi, the firm's founder and executive vice-president of strategic business development.
READ: Atlas Engineered Products posts 2Q operating profit driven by “strong resilience” in British Columbia and Manitoba markets
"Customer excitement is growing and we have secured projects across the Island from Port Hardy to Victoria and Tofino to Nanaimo," he added.
The group's subsidiary Atlas Building Systems' (Atlas) expansion into this business benefits every stage of the construction process.
This includes enhanced modelling during the design process, increased quality assurance, climate-controlled production, product waste reduction, decreased labour requirements, accurate project scheduling, and considerable cost savings.
"We take pride in building strong relationships through quality and customer service and being able to provide additional products, like the wall panels, will enhance that relationship we've built and help us grow with our customers," said Atlas Engineered's vice-president of operations, Gurmit Dhaliwal.
"Pre-fabricated wall-panels are a cost-effective alternative to framing onsite and this expanded product line makes Atlas a true turn-key solution provider to our valued customers, who are already booking projects into 2021."
AEP is focused on acquiring and operating profitable, well-established operations in Canada's truss and engineered products industry.
Contact the author at giles@proactiveinvestors.com
