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    ATA   CA0019401052

ATS AUTOMATION TOOLING SYSTEMS INC.

(ATA)
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Delayed Toronto Stock Exchange  -  04:00 2022-08-12 pm EDT
46.01 CAD   +0.74%
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ATS Automation Tooling : Makes $500,000 Donation to Conestoga College

06/10/2022 | 06:52am EDT
ATS Makes $500,000 Donation to Conestoga College

CAMBRIDGE, ON, June 10, 2022 - ATS Automation Tooling Systems Inc. (TSX: ATA) ("ATS" or the "Company"), an industry-leading automation solutions provider, today shared details of a $500,000 donation to Conestoga College's Skilled Trades Campus. With a combination of financial and gift-in-kind contributions, ATS has committed support until 2026.

"We have had a strong, long-term relationship with Conestoga" said Andrew Hider, CEO of ATS. "As a growing company that operates in many critical industries, we are constantly looking for skilled workers who can bring their training and passion to help us achieve our goals. This donation will help students in the skilled trades through new direct and applied learning opportunities, as well as by seeing how a company like ATS leverages technology and automation to create solutions for our customers."

"As a company with significant size and scale, in addition to over 40 years of excellence in these fields, we have a great opportunity to help prepare the next generation of workers for their careers" added Blair de Verteuil, President of ATS Life Sciences Systems. "Through both the financial and the in-kind donations, we will help remove barriers to learning and build a deeper understanding about working in automation."

With a planned opening in fall 2022, Conestoga's new Skilled Trade Campus will deliver apprenticeship and post-secondary programs in the industrial, manufacturing and construction trades as the first phase in a multi-year development plan. "In recognition of this gift, ATS will receive naming rights for the new 4,400 square foot Electro-Mechanical Automation Maintenance Shop" said Tony Thoma, Executive Dean of Technology and Trades at Conestoga College. "With a focus on training students in mechatronics and leading-edge automation technology, this is among our fastest growing trade program at Conestoga."

"Conestoga and Ontario's other public colleges play a vital role in addressing workforce needs, and in the prosperity and well-being of our communities," said Conestoga President John Tibbits. "We greatly appreciate this support from ATS, one of our key industry partners, in our efforts to provide more career-focused learning opportunities for students as they prepare for successful careers and futures."

About ATS
ATS is an industry-leading automation solutions provider to many of the world's most successful companies. ATS uses its extensive knowledge base and global capabilities in custom automation, repeat automation, automation products and value-added services, including pre-automation and after-sales services, to address the sophisticated manufacturing automation systems and service needs of multinational customers in markets such as life sciences, food & beverage, transportation, consumer products, and energy. Founded in 1978, ATS employs over 6,000 people at more than 50 manufacturing facilities and over 75 offices in North America, Europe, Southeast Asia and China. The Company's shares are traded on the Toronto Stock Exchange under the symbol ATA. Visit the Company's website at www.atsautomation.com.

For more information, contact:
Matthew Robinson, Corporate Communications
(519) 653-6500
mrobinson@atsautomation.com

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Shereen Zahawi
Investor Relations Director
investor@atsautomation.com
519-653-6500

Disclaimer

ATS - Automation Tooling Systems Inc. published this content on 10 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 June 2022 10:51:04 UTC.


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Financials
Sales 2023 2 489 M 1 945 M 1 945 M
Net income 2023 179 M 140 M 140 M
Net Debt 2023 720 M 563 M 563 M
P/E ratio 2023 17,8x
Yield 2023 -
Capitalization 4 219 M 3 298 M 3 298 M
EV / Sales 2023 1,98x
EV / Sales 2024 1,78x
Nbr of Employees 6 000
Free-Float 99,4%
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Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 46,01 CAD
Average target price 57,80 CAD
Spread / Average Target 25,6%
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Managers and Directors
Andrew P. Hider Chief Executive Officer & Director
Ryan McLeod Manager-Reporting & Compliance
David Lyman McAusland Non-Executive Chairman
Joe Metri Chief Information Officer
Michael Emil Martino Independent Director
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