August 11, 2008
Nortech Systems Achieves ISO 13485 Quality Certification
Nortech Systems Incorporated (NASDAQ: NSYS) announced it has achieved ISO 13485 quality certification for its electronics manufacturing services (EMS) facilities in Merrifield and Baxter, Minn. This certification allows Nortech to further demonstrate its ability to provide products and related services to the medical industry that consistently meet customer and regulatory requirements.
"The medical market continues to show strong growth and we believe this new ISO certification positions us to capitalize on additional business," said Mike Degen, president and CEO of Nortech Systems. The market research firm Technology Forecasters expects medical opportunities for EMS companies like Nortech to increase 17 percent annually through 2010, the fastest growth of any market sector.
According to Degen, Nortech Systems has already been proudly assisting numerous medical OEMs with the production of their non-invasive equipment, including potentially life-sustaining devices. "This certification validates and reinforces the critical supporting role we've been playing for our customers all along," he commented.
Based on the ISO 9001 international quality standard, ISO 13485 includes additional analysis of risk, safety and regulatory requirements. It also corresponds to a comparable standard of the U.S. Food & Drug Administration. All Nortech facilities are certified to ISO 9001:2001 standards and the company also employs an enterprise-wide lean manufacturing initiative utilizing tools such as kaizen, Six Sigma, rapid action, Balanced Scorecard and 5S.
Fortune Small Business magazine recently ranked Nortech Systems on its list of "America's 100 Fastest-Growing Small Public Companies."
About Nortech Systems, Incorporated
Nortech Systems Incorporated (www.nortechsys.com), based in Wayzata, Minn., is a full-service electronics manufacturing services (EMS) provider of wire and cable assemblies, printed circuit board assemblies, and higher-level complete box build assemblies for a wide range of industries. Markets served include industrial equipment, military/defense, medical and transportation.
The company has manufacturing capabilities and operating partners in the U.S., Asia and Latin America. Nortech Systems Incorporated is traded on the NASDAQ Stock Market under the symbol NSYS.
This press release contains forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. While this release is based on management's best judgment and current expectations, actual results may differ and involve a number of risks and uncertainties. Important factors that could cause actual results to differ materially from the forward-looking statements include, without limitation: volatility in market conditions which may affect market supply of and demand for the company's products; increased competition; changes in the reliability and efficiency of operating facilities or those of third parties; risks related to availability of labor; commodity and energy cost instability; general economic, financial and business conditions that could affect the company's financial condition and results of operations; as well as risk factors listed from time to time in the company's filings with the SEC.