SMTC and IDNEO to Showcase Services Capabilities at DESIGN West San Jose
Toronto, Canada. – April 4, 2013 – SMTC Corporation (Nasdaq: SMTX) (“SMTC”), a global electronics manufacturing services provider, announces a new partnership agreement with IDNEO, a leading European engineering design company with over 200 engineers. IDNEO specializes in the research and development of new products, offering services from product concept design to reliability and compliance testing.
Through this partnership IDNEO will offer localized design expertise at SMTC’s manufacturing facility in the heart of Silicon Valley. SMTC will offer its customers the expertise of IDNEO, a world-class product realization enterprise committed to product design and development within the Industrial, Medical, Consumer, Communication and Automotive markets. IDNEO's knowledge covers a wide range of services, including design and engineering of embedded software, electro-mechanical components, power circuits, hardware and packaging.
This innovative partnership is unique in the depth, breadth and scope of both companies. W ith a large global presence, customers will be supported from full product design through volume production. IDNEO’s commitment to innovation and technology and SMTC’s expertise in manufacturing, state-of-the- art practices, and key investments in infrastructure, is a strategic partnership that is both unique and embraced by customers.
“We are excited to offer our customers a complete range of unique services that will enable both established and emerging OEMs to have an innovative partner with a multitude of design capabilities that will accelerate their time to market and provide a strong competitive advantage in the marketplace”, said Joel Bustos, Vice President and General Manager of SMTC, San Jose.
“This strategic partnership between our companies will provide a significant value to our customers by enabling our OEM partners to have access to SMTC’s global manufacturing facilities, offering a depth of knowledge and years of experience in taking products from new product introduction to volume production”, Said Raul Lucas, General Manager of IDNEO.
IDNEO and SMTC will be exhibiting at the DESIGN West Conference on April 23-25, 2013, at the San Jose Convention Center, where they will showcase their unique design and manufacturing capabilities in the valley and meet with customers to discuss their new ‘Innovators Advance’ program, an accelerated business model that enables high-tech companies to realize their unique product design and development needs, while partnering with a global electronics manufacturing services provider.
Visit IDNEO and SMTC at Booth 1920
About IDNEO: is a technology company which specializes in product design and engineering. Its competitive advantage lies in the ability to manage projects covering the full product cycle, from the initial design concept to product development and certification. Developing products successfully requires finding a balance between many factors including quality, cost and time, and with a collective of more than 200 engineers with extensive experience, IDNEO is an industry expert and market leader. IDNEO’s experience and knowledge covers a broad number of specialties including: Design and engineering of: embedded software, mechanical 3D product and packaging solutions, analog and digital hardware, power circuits, and researching EMC solutions (Electro-Magnetic Compatibility). IDNEO also offers professional experience with display technologies and Digital RF transmission (DVB) for terrestrial or satellite products.
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 facilities span a broad footprint in the United States, Canada, Mexico, and China, with more than 2,300 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 was recognized in 2012 by Frost & Sullivan with the Global EMS Award for Product Quality Leadership and
2013 with the North American Growth Leadership Award in the EMS industry, as one of the fastest growth companies in 2012.
SMTC is a public company incorporated in Delaware with its shares traded on the Nasdaq Global Market under the symbol SMTX. For further information on SMTC Corporation, please visit our website at
Note for Investors: The statements contained in this release that are not purely historical, including our expectations regarding continued revenue and earnings growth in 2013, 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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