SUPPORTS CONTINUED CUSTOMER GROWTH AND EXPANSION
MINNEAPOLIS, Minn., Sept. 30, 2015 — Nortech Systems Incorporated (NASDAQ: NSYS) announced today that it has successfully launched printed circuit board assembly (PCBA) manufacturing at its Monterrey, Mexico, facility. This expansion – one of Nortech’s key strategic initiatives for 2015 – is designed to help support its North America-based customers by providing a high-value option to complement its existing, U.S.-based PCBA design, production and service capabilities.
“Adding a PCBA manufacturing option in Mexico has always been a popular request from our customers,” said Rich Wasielewski, president and CEO of Nortech Systems. “We’re happy to provide these partners a great option that provides high value with assuredness of Nortech’s strong quality and speed-to-market.”
Nortech initially established its Monterrey facility in 2002, focusing on complex wire and cable assembly production services. The facility features ISO 9001 certification and on-site manufacturing engineering support. The PCBA expansion – co-located next to existing wire/cable operations – offers both SMT and manual “thru-hole” production to meet growing customer needs.
In addition to Monterrey, Nortech also features PCBA manufacturing capabilities at its facilities in Mankato and Merrifield, Minnesota, along with related integration and box-build manufacturing services. All three facilities will share engineering, design and other support resources on projects to offer customers optimized scheduling and cost benefits.
About Nortech Systems Incorporated
Nortech Systems Incorporated (www.nortechsys.com), based in Maple Grove, Minn., is a full-service electronics manufacturing services (EMS) provider of wire and cable assemblies, printed circuit board assemblies, and higher-level complete box build assemblies for a wide range of industries. Markets served include industrial equipment, aerospace/defense and medical. The company has manufacturing capabilities in the U.S. and Latin America. Nortech Systems Incorporated is traded on the NASDAQ Stock Market under the symbol NSYS.
This press release contains forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. While this release is based on management’s best judgment and current expectations, actual results may differ and involve a number of risks and uncertainties. Important factors that could cause actual results to differ materially from the forward-looking statements include, without limitation: volatility in market conditions which may affect market supply of and demand for the company’s products; increased competition; changes in the reliability and efficiency of operating facilities or those of third parties; risks related to availability of labor; commodity and energy cost instability; general economic, financial and business conditions that could affect the company’s financial condition and results of operations; as well as risk factors listed from time to time in the company’s filings with the SEC.