Romet to Relocate to Larger, More Modern Facility

WASHINGTON, June 25, 2018 (GLOBE NEWSWIRE) -- Romet Limited announced at the opening of the 27^th annual World Gas Conference today that the company will move its manufacturing operations to a new facility. The Mississauga, Ontario-based natural gas meter company has secured new space and acquired state-of-the-art equipment to expand its production capacity and ability to satisfy customer needs.

The new plant is located just minutes from its current location, which will ensure a smooth transition of staff and production equipment during the coming months.

"We're excited about the opportunities this move brings, to our customers, our employees, and our community," said Roy A. Sutterfield, vice chairman of Romet's board. Sutterfield, who recently transitioned from CEO to vice chair, added: "The company's significant capital investment in this new space, as well as modern machining and calibration equipment for metering and electronics production, allow us to better meet growing demand for Romet's products and meter-related services."

Newly named Romet CEO Brent Collver, P.Eng. concurred: "Our company is in an optimal position to continue to expand our business to meet the needs of the investor-owned utilities and other businesses worldwide that we serve." Collver will play a pivotal role in integrating processes, enhancing efficiency and maximizing the benefits of the impending move.

Vice Chair Sutterfield, a 30-year veteran of the gas metering industry, and Chief Executive Collver, a results-oriented executive with extensive experience in the precision instruments manufacturing space, work closely together. With Sutterfield in a strategic capacity and Collver in an operations role, they're jointly focused on safety, quality and timely delivery as natural gas continues to expand as a primary energy source.

Both Romet executives will be available in booth #2003 during exhibit hours throughout the five-day World Gas Conference.

About Romet
Romet is an international market leader in positive displacement rotary gas meters, electronic volume, temperature instrumentation and auxiliary equipment for the natural gas industry. Founded in 1972, the Toronto-based company markets and sells its products through authorized agents, representatives, and distributors worldwide, and is known for its high-quality products, innovative technology and strong commitment to customer service. Named one of Canada's Best Managed Companies in 2017 and 2018, Romet has experienced double-digit, year-over-year growth for the past five years.

Romet Limited
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