Today's news lifted it 170%, but the stock was also up Friday and Monday as traders were piling into this stock before this mornings news with Toyota. Apparently It's not just hedge fund managers that get the inside information.
CHANDLER, Ariz., Jan 24, 2012 (GlobeNewswire via COMTEX) -- D & R Technology Inc., a wholly owned subsidiary of Ecoland International, Inc. (OTCBB:ECIT), one of North America's fastest growing applied-robotics companies, announced today the receipt of a tooling contract from Toyota Boshoku (Pink Sheets:TDBOF), a major tier one automotive parts supplier.
D&R has been awarded a contract to manufacture and develop tooling for a new 2012 Toyota vehicle. As an addition to the previously released retrofit, this new contract is confirmation of the strongly developed partnership between Toyota Boshoku and D & R Technology.
"We are determined to secure proffered status with all major automotive suppliers. Achieving that status with Toyota Boshoku is part of our global presence plan. Understanding needs and successfully executing projects for the three most demanding markets (North-American, Asian and European), accompanied with new product line developments, is the vital part of that plan. Recently announced contracts show our extraordinary ability to partner with companies from any part of the world with entirely different manufacturing philosophies," stated Drasko Karanovic (President and CEO of D & R Technology):
About Toyota Boshoku America, Inc.
Toyota Boshoku Corporation is based in Kariya City, Japan, with 88 operations in more than 20 countries. Its wholly owned subsidiary, Toyota Boshoku America (TBA) and its affiliates employ about 6,500 team members in 23 locations throughout the United States, Canada, Mexico and Argentina. TBA is a premier manufacturer of automotive interior systems which include seats, door trims, headliners and substrates, carpets, fabrics and straps, in addition to air and oil filters for a variety of customers such as Toyota Motor Corporation and General Motors. For more information, visit www.toyota-boshoku.co.jp/en/.