RF Industries Adds Production Capacity at Long Island Manufacturing Facility
October 30 2018 - 4:05PM
via NEWMEDIAWIRE --
RF Industries, Ltd, (NASDAQ: RFIL), a
national manufacturer and marketer of interconnect products and
systems, today announced that it has added production capacity
at its New York location in order to continue to better service its
customers and meet demand.
The additional production space will be used to increase
capacity of the Company’s hybrid fiber and specialty cable assembly
products and allows for an overall increase in production
company-wide on other products including jumpers and wire
harnesses. The additional capacity will also enable the Company to
add coaxial cable assembly on the East Coast.
Robert Dawson, President and CEO, said, “This additional space
will allow both a larger and more streamlined production process to
better serve our customers and meet demand as we execute on our
plan to further penetrate our target markets. I appreciate the hard
work of our team in helping us grow our business this past year and
generating the increased opportunities we have seen from our
customers to service their needs.”
RF Industries’ Yaphank, New York location resulted from the 2011
acquisition of Cables Unlimited, a Corning Gold Cable Assembly
House.
About RF Industries
RF Industries designs and manufactures a broad range of
interconnect products across diversified, growing markets including
wireless/wireline telecom, data communications and industrial. The
Company's products include RF connectors, coaxial
cables, wire harnesses, fiber optic cables, custom
cabling and data center equipment. The Company is
headquartered in San Diego, California with operations in New York,
Connecticut and New Jersey. Please visit the RF Industries website
at www.rfindustries.com.
Forward-Looking Statements
This press release contains forward-looking statements with
respect to future events, including higher sales, increased future
demand for the Company's products, and improved profitability,
which are subject to a number of factors that could cause actual
results to differ materially. Factors that could cause or
contribute to such differences include, but are not limited to:
changes in the telecommunications industry; the Company's reliance
on certain distributors for a significant portion of anticipated
revenues; the Company's ability to execute on its new go-to-market
strategies and channel models; its ability to expand its OEM
relationships; its ability to continue to deliver newly designed
and custom fiber optic and cabling products to principal customers;
its ability to maintain strong margins and diversify its customer
base, and its ability to address the changing needs of the
market. Further discussion of these and other potential risk
factors may be found in the Company's public filings with the
Securities and Exchange Commission (www.sec.gov) including its Form
10-K. All forward-looking statements are based upon
information available to the Company on the date they are published
and the Company undertakes no obligation to publicly update or
revise any forward-looking statements to reflect events or new
information after the date of this release.
Contacts:
RF Industries
Mark Turfler
SVP/CFO
(858) 549‑6340
rfi@rfindustries.com
MKR Group Inc.
Todd Kehrli
Analyst/Investor Contact
(323) 468-2300
rfil@mkr-group.com
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