For Immediate Release – June 2, 2001
Toronto, Ontario – Spectra Inc. (SSA: CDNX) announces that it is seeking to implement ISO9001/QS9000 Quality Management Systems with its wholly-owned subsidiary, Spectra Products Inc.
The ISO9001/QS9000 certification program ensures consistent quality control standards are followed in the design, manufacture, assembly and packaging of Spectra’s products. These standards are designed to meet the needs of industry and original equipment manufacturers (OEMs) to ensure consistent product quality with zero defects.
Spectra Inc. has signed an agreement with the Business Development Bank of Canada’s Consulting Group to implement the ISO9001/QS9000 program for certification of Spectra Products Inc. The process is expected to take six months, with a completion date in early 2002.
“By proceeding at this time with the certification program, Spectra Products will be qualified to supply its current and future products to the transportation industry at the OEM level,” stated Terry Faye, Spectra’s Director of Sales and Technical Support. “This can translate into increased sales and profit opportunities since the OEM market produces over 300,000 new trucks and 265,000 new trailers annually. Spectra’s strategic alliance with Bendix Commercial Vehicle Systems provides significant access to the OEM market where Bendix is a leading supplier of heavy duty truck and trailer parts. ISO9001/QS9000 certification will recognize Spectra as a qualified supplier to OEM business in North America and Internationally.”
Spectra Inc. is a vertically integrated supplier of innovative products and services to the Commercial Transportation Industry and the Professional Trucker. Spectra’s product line increases productivity, reduces maintenance costs and improves fleet safety and includes Brake Inspector TM, an electronic brake diagnostic system, Brake Safe TM and SureStroke, visual brake stroke indicators, and the Termin-8r TM line of anti-corrosion and extreme pressure lubricants. Spectra is positioned through its ISP portal, “Truckinguniverse.com”, to be a leading supplier of information to the transportation industry on the Information Superhighway.
Except for the historical information contained herein, this news release contains forward looking statements that involve risks and uncertainties, including the impact of competitive products and pricing and general economic conditions as they affect the Corporation’s customers. Actual results and developments may therefore differ materially from those described in this release.
On behalf of the Board of Directors,
Andrew J. Malion, Chairman, Spectra Inc. www.spectra-ssa.com
Investor Relations: 1-800-308-5255 E-Mail: ssa@spectra-ssa.com
The TSX VENTURE Exchange has neither approved nor disapproved the information contained herein |
