The expansion upgraded the Merrickville, Ontario facility’s hardware and software alike, the company said in a statement Monday, allowing it to offer a wider array of roof and floor options.
"The addition of new automated machinery and sophisticated design software has allowed us to offer our clients customized I-Joists, LVL options, and now most recently, open web floors,” CEO Dirk Maritz said in a statement. “This expanded range of products has made Satellite a true turn-key solutions provider to our valued customers.”
Acquired by AEP in 2018, Satellite designs and supplies roof trusses and floor joists in Eastern Ontario. The company uses laser precision to create custom products that can be used in everything from small houses to large commercial offices.
Shares of AEP rose 3.5% higher Monday to C40.44 on the TSXV and held steady at US$0.34 on OTC Markets.
—Updated to include stock movement—
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