Boston, MA 03/25/2014 (wallstreetpr) –Novus Robotics Inc (OTCMKTS:NRBT) was a mover among penny stocks in the last session, shifting a huge volume of shares than on a normal day. The stock gained 23.08 percent to close at $0.320, on a day that shares changed hands between $0.26 and $0.33.
If the announcement which sent the shares up in the past session is anything to go by, more uptrend could still be coming on the stock.
Aluminum processing system
Novus Robotics through wholly-owned subsidiary D&R Technology announced Monday the successful delivery of the first aluminium stretching and processing system to Ford Motor Company (NYSE:F) for the manufacture of the new Ford-150 trucks. The company went on to state that another aluminium processing system was on the way.
Novus Robotics Inc (OTCMKTS:NRBT) through D&R Technology designs, manufactures and sells state-of-the-art automation technology products to enable customers to accelerate their time-to-market, thus increasing revenue.
D&R Technology is already a market leader in manufacturing and marketing of tube processing solutions for the automotive industry. And the company is thrilled with the opportunity that is emerging in the automotive body where aluminium is being adopted against steel. The company’s management has described the opportunity a game-changer.
Aluminum in automotives
In efforts to comply with regulatory fuel efficiency requirements in their vehicles, automakers are turning to aluminium to reduce vehicle-weight and thus achieve the desired fuel efficiency. Ford was the first among the big auto manufacturers to state that it will start using aluminium in its new generation of F-series trucks. General Motors Company (NYSE:GM) and many other automakers are also expressing interest in going aluminium in their vehicle bodies.
As automakers shift to aluminium, new business opportunities are emerging. Alcoa Inc (NYSE:AA) which makes and sells value-add aluminium materials for aerospace and automotive industry is already cutting deals with manufacturers to adopt its products.
And aluminium processing technology companies like Novus Robotics Inc (OTCMKTS:NRBT) through subsidiary D&R Technology have just found a new and potentially lucrative business. The company is hoping that widespread adoption of aluminium in vehicle bodies will continue to feed its business.
