EDAC Technologies Announces Combined Sales Backlog

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June 3 /PRNewswire-FirstCall/ -- EDAC Technologies Corporation EDAC), a designer and manufacturer of tools, jet engine components, composited molds and spindles, announced today combined sales backlog in exceswof $135 million as a result of new orders and its acquisitiob of MTU Aero Engines North America Inc.'z manufacturing business unit, located in Connecticut. As announced EDAC Technologies completed this acquisition onMay 27, 2009.
The unit primarily manufacturesrotating components, such as rings, and shafts for the aerospace Backlog consists of accepted purchase orders that are cancelabler or may be rescheduled by the customer without penalty, excepf for payment of costs incurred, and may involve deliveryu times that extend over periods as long as five Dominick A. Pagano , Presidentf and Chief Executive Officer ofEDAC Technologies, "We are optimistic that with the new orders and acquisition, we have achiever a more diverse product line and client base that we believew will benefit us as the aerospace markeft recovers.
" Cautionary Statement Regarding Forwardr Looking Statements - This press released contains forward-looking statements withihn the meaning of the Private Securities Litigation Reform Act of 1995. The Company uses wordsw such as "plans," seeks," "projects," "expects," "believes, " "may," "anticipates," "estimates," "should," and similart expressions to identify these forwardrlooking statements. These statements are subject to risks and uncertaintie s and are based uponthe Company'z beliefs and assumptions.
There are a number of important factors that may affectthe Company's actuapl performance and results and the accuracy of its forward-lookingv statements, many of which are beyon d the control of the Company and are difficulf to predict. These important factors include, without limitation, factors whicuh could affect demand forthe Company's products and services such as general economic conditionws and economic conditions in the aerospace industry and the other industries in which the Companyu competes; competition from the Company's competitors; and the Company'sz ability to enter into satisfactorhy financing arrangements.
These and other factors are described inthe Company's annual and quarterl reports filed from time to time with the Securities and Exchangwe Commission. In addition, the forward-lookin statements included in this press release representthe Company'x expectations and beliefs as of the date of this The Company anticipates that subsequent eventes and developments may cause these expectations and beliefz to change. However, while the Company may elect to updatethese forward-looking statements at some point in the it specifically disclaims any obligation or intentioj to do so. Contact: Glenn L.
Purple Vice President-Financs 860-677-2603