SMTC Opens New Supply Chain Center-of-Excellence in Phoenix, AZ to Support Growth and Enable Continued Sourcing Advantage
September 11 2018 - 9:26AM
SMTC Corporation (Nasdaq:SMTX), a global electronics manufacturing
services provider, today announced the opening of its supply chain
center in Phoenix, AZ as one of several key initiatives in the
company’s ongoing drive to deliver “best-in-class” vertically
integrated supply chain services in support of its expanding base
of customers and strong year-over-year growth opportunities.
“While supply chain challenges reported by many of our peers
continue to affect the industry, SMTC’s focus on supply chain
excellence and the emphasis we have placed on this very important
part of the business continues to provide exceptional results for
our customers in these unprecedented times,” stated Ed Smith, SMTC
president and CEO. “Under the direction of our recently hired SVP
of Global Planning and Supply Chain Phil Wehrli, we have worked
with our customers and key partners to rethink our approach and
implement a number of initiatives to manage the risks associated
with component shortages and new tariffs. These initiatives,
including the new center in Phoenix, span the use of lean
manufacturing kan-ban programs, upgraded quoting-tools, tailor-made
customer-specific action plans, new agreements with Tier-1
distributors, and extensive investments in safety stock programs,
and optimizing our domestic and global integrated supply-chain
solutions,” Smith noted.
“SMTC is committed to achieving further transformations in our
operations and supply chain through enhanced intelligence and
analytics providing better strategic focus combined with increased
use of automated materials costing, real-time stock, and budgetary
pricing,” noted Wehrli. “While I am fortunate to lead a supply
chain organization that has received Frost & Sullivan Awards
for Product Quality, Growth Leadership & Customer Value
Leadership Awards, our team remains focused on making additional
improvements that reduce on-time delivery risk and increase our
customers' business agility to develop their market and grow
business for both our companies.”
Forward-Looking Statements
Except for the factual statements made herein, forward-looking
statements in this press release, including, without limitation,
statements regarding the Company’s financial expectations, growth
strategy and supply chain management effectiveness, are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. In some cases, these
forward-looking statements may be indicated by the use of words
such as “may,” “could,” “expect,” “intend,” “plan,” “seek,”
“anticipate,” “believe,” “estimate,” “predict,” “potential,”
“continue,” “likely,” “will,” “would” and variations of these terms
and similar expressions, or the negative of these terms or similar
expressions. These forward-looking statements are subject to risks
and uncertainties that could cause actual results to differ
materially from those projected, including those risk factors set
forth in SMTC’s Form 10-K for the year ended December 31, 2017 and
other factors detailed from time to time in our periodic reports
filed with the SEC. The Company undertakes no obligation to update
publicly any of these forward-looking statements to reflect actual
results, new information or future events, changes in assumptions
or changes in other factors affecting forward-looking statements,
except to the extent required by applicable laws. If the Company
updates one or more forward-looking statements, no inference should
be drawn that the Company will make additional updates with respect
to those or other forward-looking statements.
About SMTC Corporation
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
manufacturing facilities span a broad footprint in the United
States, China and Mexico. 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, networking and computing, power and energy and
medical market segments. SMTC is a public company incorporated in
Delaware with its shares traded on the Nasdaq National Market
System under the symbol SMTX. For further information on SMTC
Corporation, please visit our website at www.smtc.com
Investor Relations Contact
Peter SeltzbergManaging DirectorDarrow Associates,
Inc.516-419-9915 pseltzberg@darrowir.com
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