TORONTO, Nov. 24 /PRNewswire/ -- SMTC Corporation ("SMTC"), a leader in electronics manufacturing services, today announced the expansion of its outsourcing relationship with MKS Instruments, Inc. a global provider of technologies to power, control, deliver, monitor, measure and analyze advanced processes in high growth markets.
SMTC's regional manufacturing center in Toronto will provide PCBA and subassembly manufacturing services for MKS's elite(TM) product line of air cooled RF Generators. MKS served markets include manufacturers of capital equipment for thin film applications including semiconductor devices, flat panel displays, light emitting diodes (LEDs), solar cells, data storage media and coatings, as well as medical equipment, energy generation and environmental monitoring processes and other industrial manufacturing.
"SMTC is a focused and capable outsourcing partner with the ability to scale to our needs. They are a key contributor in our effort to simplify and expand our outsourcing strategy, reduce costs, and eliminate supply chain challenges as we aggressively pursue our target markets," said Brian Quirk, Vice President, MKS Instruments, Inc. "SMTC's global operating presence provides an ideal footprint in support of MKS' global manufacturing objectives."
"SMTC is very proud of our expanding relationship with MKS Instruments," said John Caldwell, President & Chief Executive Officer, SMTC Corporation. "Through our product lifecycle support services including engineering support and optimization, new product introduction, product assembly and test, and after sales support, we will help MKS meet both cost and time-to-market objectives, reinforcing their competitive position in the renewable energy marketplace."
About SMTC: SMTC Corporation, founded in 1985, is a mid-size provider of end-to-end electronics manufacturing services (EMS) including PCBA production, systems integration and comprehensive testing services, enclosure fabrication, as well as product design, sustaining engineering and supply chain management services. SMTC's ISO 9001 and ISO 13485 facilities span a broad footprint in the United States, Canada, and Mexico, and a partnering relationship in China, with over 1,500 full time employees. SMTC services extend over the entire electronic product life cycle from the development and introduction of new products through to the growth, maturity and end-of-life phases. SMTC offers fully integrated contract manufacturing services with a distinctive approach to global original equipment manufacturers (OEMs) and emerging technology companies primarily within industrial, computing and communication market segments.
SMTC is a public company incorporated in Delaware with its shares traded on the Nasdaq National Market System under the symbol SMTX and on the Toronto Stock Exchange under the symbol SMX.
Note for Investors: The statements contained in this release that are not purely historical, including our expectations regarding continued revenue and earnings growth in 2007, are forward-looking statements which involve risk and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. These statements may be identified by their use of forward looking terminology such as "believes", "expect", "may", "should", "would", "will", "intends", "plans", "estimates", "anticipates" and similar words, and include, but are not limited to, statements regarding the expectations, intentions or strategies of SMTC Corporation. For these statements, we claim the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995. Risks and uncertainties that may cause future results to differ from forward-looking statements include the challenges of managing quickly expanding operations and integrating acquired companies, fluctuations in demand for customers' products and changes in customers' product sources, competition in the EMS industry, component shortages, and others discussed in the Company's most recent filings with securities regulators in the United States and Canada. The forward-looking statements contained in this release are made as of the date hereof and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ materially from those projected in the forward-looking statements.
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