Page 55 - ITAtube Journal 1 2019

and expects further significant cost savings and the continuous deployment of its new competi- tive manufacturing routes. Each of these objectives should con- tribute to an increase in EBITDA.
The Group reminds that the working capital outflow in the first nine months of 2018 reflects to a large extent the non-recur- ring impact of an increase result- ing from the particularly low level
Xiris Automation Inc.
reached at the end of December 2017, measured in number of days of sales. Also, the level of capital expenditure will remain limited.
Based on current macroeconomic and market trends** and the objectives outlined above, the Group would respect its banking covenant at the end of 2019.
Member News
Xiris Hires European Service Technician
Xiris Automation is pleased to welcome Michael Staiger to the team as our new European Service Technician. Michael will be an excellent addition to the team as he is highly skilled in electronics and mechanics with over 18 years of experience performing technical service and support for complex machinery all over Europe. Based out of the Xiris GmbH office in Duesseldorf, Germany, Michael
will be responsible for installa- tion, calibration, and training for all new Xiris customers, as well as servicing and repair work of Xiris equipment across Europe.
Cameron Serles, President of Xiris Automation, commented at the recent EuroBLECH show, “We are very pleased to have someone of Michael Staiger’s experience and capability join our team. His experience in providing a high level of service and support to a diverse customer base will be of great benefit as we grow our business across Europe. Welcome Michael!”
Xiris Automation Inc. special- izes in developing optical equip- ment used for process and quality control across a number of spe- cialty industries. With an exten- sive product line, Xiris provides some of the world’s most dynamic manufacturers with the ability to detect, recognize, and interpret quality defects in their manufac- tured goods.
Xiris Automation Inc.
1016 Sutton Drive, Unit C5, Burlington, Ontario, Canada L7L 6B8
Tel.: +1 905 331 6660 Fax: +1 905 331 6661
sales@xiris.com www.xiris.com
ITAtube Journal No1/February 2019
55