Online Stockmarket Trading Update

LaserBond Ltd (LBL) the innovative engineering company specializing in environmentally friendly surfacing technologies, and maintenance/reclamation services, has been awarded a 3 year supply contract with Weir Minerals Australia (formerly Warman International) for the supply of a range of  machined and coated components. This contract, worth approximately $9.6M over the next three years ($3.2Mper/year), is a further step in the development of a close relationship between Weir and LaserBond that began in 1993. This contract will commence July 1st, 2009 and will represent a 30% increase in turnover at the Ingleburn location. 

http://www.laserbond.com.au

LaserBond Ltd (LBL), the innovative engineering company specializing in environmentally friendly surfacing technologies, and maintenance/reclamation services, has closed a 3 year supply contract with Weir Minerals Australia for the supply of a range of machined and coated components. 

This contract is a further step in the development of a close relationship between Weir and LaserBond that began in 1993. It represents significant progress in the expansion of LaserBond’s capabilities, and integration into supplementary markets such as complete component manufacturing. 

Revenue from this contract for LaserBond’s Ingleburn facility is $2.8 M based on historic sales (effective immediately), representing a three-fold increase in turnover for this key client. The extra CNC machining capacity required to service this contract will be brought in over the next quarter. 

http://www.laserbond.com.au/