SMTC Corporation Receives Frost & Sullivan’s Best Practices Award for Customer Value Leadership in the Electronics Manufac...
May 22 2019 - 8:00AM
SMTC Corporation (Nasdaq:SMTX), a global electronics manufacturing
services provider, today announced it is the recipient of the 2019
Frost & Sullivan Best Practices Award for Customer Value
Leadership in the Electronics Manufacturing Services industry. The
honor, now being awarded to SMTC for the second time in three
years, recognizes the company as a leader in global electronics
manufacturing services for its superior leadership, technological
innovation, and exceptional customer service.
“Frost & Sullivan is pleased to announce that SMTC is the
recipient of our 2019 Best Practices Award for Customer Value
Leadership in the Electronics Manufacturing Services industry. SMTC
stands out in the market by virtue of its ability to meet all of
its customers’ end-to-end EMS needs, from design and development to
new product launches, across a broad array of end markets,” said
Aravind Seshagiri, research director, Frost & Sullivan.
“We are honored again to be recognized by Frost & Sullivan
with their prestigious EMS Customer Value Leadership award. The
award reflects our organization’s dedication to delighting our
customers with superior service that seamlessly supports their
businesses with innovative solutions and products,” said Ed Smith,
SMTC’s president and chief executive officer. “Our improving
financial performance, gains in expanding our customer base,
operational efficiency, human capital and growth potential were
also contributing factors for our selection,” Smith added.
Frost & Sullivan’s team of analysts independently evaluated
SMTC and other companies in the EMS market and measured performance
through in-depth interviews, analysis, and extensive research to
identify best practices. To be recognized as an awardee a company
must demonstrate best-in-class excellence in implementing
strategies that proactively create material and lasting value for
their customers—and focus on improving the customer’s return on
investment (ROI). This award also recognizes a company’s unique
focus on augmenting the value that its customers receive—beyond
providing good customer service—such that it leads to improved
customer acquisition and long-term retention.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company,
collaborates with clients to leverage visionary innovation that
addresses the global challenges and related growth opportunities
that will make or break today's market participants. For more than
50 years, Frost & Sullivan has been developing growth
strategies for the global 1000, emerging businesses, the public
sector, and the investment community.
About SMTC Corporation
SMTC Corporation was founded in 1985 and acquired MC Assembly
Holdings, Inc. in November 2018. Following the MC Assembly
acquisition, SMTC has more than 50 manufacturing and assembly lines
in United States, China and Mexico which creates a powerful
low-to-medium volume, high-mix, end-to-end global EMS provider.
With local support and expanded manufacturing capabilities
globally, including fully integrated contract manufacturing
services with a focus on global original equipment manufacturers
(OEMs) and emerging technology companies, including those in the
Defense and Aerospace, Industrial, Power and Clean Technology,
Medical and Safety, Retail and Payment Systems, Semiconductors and
Telecom, Networking and Communications; and Test and Measurement
industries. As a mid-size provider of end-to-end electronics
manufacturing services (EMS), SMTC provides printed circuit boards
assemblies (PCB) production, systems integration and comprehensive
testing services, enclosure fabrication, as well as product design,
sustaining engineering and supply chain management services. 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 is a public company incorporated in Delaware with its
shares traded on the Nasdaq National Market System under the symbol
SMTX and was added to the Russell Microcap® Index in 2018. For
further information on SMTC Corporation, please visit our website
at www.smtc.com.
Investor Relations Contact
Peter SeltzbergManaging DirectorDarrow Associates,
Inc.516-419-9915pseltzberg@darrowir.com
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