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Nortech Systems Expands Relationship With GE; Receives Order for LocoCAM(TM) Railroad Camera System

Posted on: Wednesday, 28 September 2005, 18:00 CDT

Nortech Systems (Nasdaq:NSYS), a provider of electronics manufacturing services (EMS), has received an order from GE's Rail business to supply components for the LocoCAM(TM) video camera system, designed to record audiovisual information about railroad accidents, including at vehicle crossings or involving pedestrians.

In addition to sourcing and integrating components for the LocoCAM system, Nortech is building custom printed circuit board assemblies, programming and testing software, and performing environmental stress screening to simulate difficult operating conditions experienced by locomotives in the field.

"We're very pleased to expand our relationship with GE Rail, while also broadening our decade-long partnership with several GE divisions," says Mike Degen, President and Chief Executive Officer of Nortech Systems. "This very significant project utilizes the best value-added capabilities we can offer, and involves multiple Nortech locations."

GE has started initial LocoCAM product deliveries to BNSF Railway Company and CSX Railroad. Deliveries to Canadian Pacific Railroad are scheduled to begin later this year.

The LocoCAM system is integrated with GE's primary on-board computer and communications management module -- LOCOCOMM(R) -- which is also built by Nortech Systems. LOCOCOMM provides the operating platform for GE Rail applications, such as tracking geographic location and monitoring fuel consumption.

Nortech Systems' history serving GE dates back more than 10 years, primarily with GE Healthcare Technologies. For GE diagnostic imaging equipment, Nortech builds custom wire harnesses, cable assemblies and printed circuit board (PCB) assemblies. Nortech also services existing PCB assemblies with diagnostics, repair and refurbishing.

About Nortech Systems

Nortech Systems Incorporated (www.nortechsys.com), based in Wayzata, Minn., is a full-service EMS provider of wire and cable assemblies, printed circuit board assemblies, higher-level assemblies and box builds for a wide range of industries. Markets served include medical, automotive, defense, computer, commercial, recreational, government and consumer. The company has manufacturing facilities in Baxter, Bemidji, Fairmont and Merrifield, Minnesota; Augusta, Wisconsin; and Monterrey, Mexico. Nortech Systems 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 and demand of 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.

The factors identified above are believed to be important factors (but not necessarily all of the important factors) that could cause actual results to differ materially from those expressed in any forward-looking statement made by the company. Unpredictable or unknown factors not discussed herein could also have material adverse effects on forward-looking statements. All forward-looking statements included in this press release are expressly qualified in their entirety by the forgoing cautionary statements. The company undertakes no obligations to update publicly any forward-looking statement (or its associated cautionary language) whether as a result of new information or future events.

Source: Business Wire

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