ATS Announces Filing of Photowatt Technologies Registration Statement and Preliminary Prospectus

September 04, 2006 by Jeff Shepard

ATS Automation Tooling Systems Inc. announced that its newly-formed subsidiary Photowatt Technologies Inc. has filed a registration statement with the United States Securities and Exchange Commission and a preliminary prospectus with Canadian securities regulators relating to its initial public offering of common shares. ATS will transfer its solar business to Photowatt upon the successful completion of this offering.

BMO Capital Markets and UBS Investment Bank are joint book-running managers for the initial public offering by Photowatt Technologies. A registration statement relating to the common shares has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. A preliminary prospectus has also been filed with Canadian provincial and territorial securities commissions but has not yet become final for the purposes of a distribution to the public in Canada.

These securities may not be sold in the United States or in any province or territory of Canada nor may offers to buy be accepted in the United States or Canada prior to the time the registration statement becomes effective in the United States and a receipt for the final prospectus or other authorization is obtained from the Canadian provincial and territorial securities commissions.