Art's Way Manufacturing Announces $1.7 Million Contract For Installation Of Modular Building Complex
Art's Way Manufacturing Co., Inc. (NASDAQ: ARTW), announces its wholly-owned subsidiary, Art's Way Scientific, Inc., - www.buildingsforscience.com - has executed an installation contract for 24 modular buildings, which will make up a 21,350 square foot research facility. The modular units are under construction and are expected to be installed before the end of the 2012 calendar year. The research facility is being built for one of the world's leading research and teaching institutions. As previously announced in a news release dated January 4, 2012, Art's Way procured a $7 million contract to design and manufacture the 24 modular units. The installation contract brings the total expected revenue from the combined contracts to $8.7 million over the term of the contracts.
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