NEW YORK, July 29, 2015 /PRNewswire/ --
ACI Association has initiated research coverage on Sanmina
Corporation (NASDAQ: SANM). Select highlights from the internally
released reports are being made available to the general public
(included below), with access to the entirety of the research
available to new members.
Today, membership is open to readers on a complementary basis at
the following URL: http://www.aciassociation.com/?c=SANM
Highlights from our SANM Report include:
- Strategic cooperation agreement with Thales Nederland
- On May 27, 2015, Sanmina
Corporation reported about its non-exclusive strategic cooperation
agreement with Thales Nederland (Thales) - a subsidiary of Thales
Group. Sanmina informed that the Memorandum of Understanding (MoU)
signed between the duos is associated with the development and
manufacturing of sub-systems for advanced radar equipment. Thales
is a major provider of safety and mission critical systems to the
defence, aerospace and transportation industries while Sanmina is a
leading integrated manufacturing solutions provider serving the
fastest-growing segments of the global Electronics Manufacturing
Services (EMS) market.
- Joint aim behind the partnership - The aforesaid
collaboration aims to jointly develop, engineer and produce
components and sub-systems for Thales' radar equipment, which will
be for exported worldwide, and in particular support candidate
radar systems from Thales to the National Ship Procurement Strategy
(NSPS) Canadian Surface Combatant (CSC) Project. Moreover, the
relationship between the two companies is expected to extend
further for the development of future technologies for radar
components and sub-systems. The Company stated that Thales and
Sanmina fully appreciate and support the need for a strong Canadian
based value proposition for the CSC program and other Canadian
defence projects. According to the Company, the MOU is the
framework to implement and deliver on these commitments in
Canada.
- Management's comments - Commenting on the
development, Sanmina's Vice President of Engineering for the
Optical and Microelectronic Division, said, "We are very pleased to
expand our long standing relationship with Thales for development
and production of their latest radar solutions, and especially in
support of the CSC program. This MOU provides a solid framework to
expand our RF/Microwave and Optical engineering and manufacturing
expertise, focusing on next generation radar systems, with 'Made in
Canada' technologies. Sanmina is
further investing in a new, state of the art facility in Ottawa, to
support high technology design and manufacturing requirements for
our customers." Vice President Surface Radar at Thales,
Geert van der Molen added, "This MOU
is a logical next step towards implementing a stronger strategic
cooperation with Sanmina. We are very excited about the
opportunities that lay ahead of us and are convinced that a
combined Thales - Sanmina team can and will deliver significant
benefit to both Canadian and global customers for these radar
systems."
To find out how this influences our rating on Sanmina
Corporation, read the full report in its entirety here:
http://www.aciassociation.com/?c=SANM
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