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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Nortech Systems Inc | NASDAQ:NSYS | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.3086 | -2.96% | 10.11 | 9.85 | 10.98 | 10.70 | 9.8794 | 10.37 | 8,940 | 22:30:00 |
Nortech Systems Incorporated (Nasdaq: NSYS) (“Nortech Systems”, or the “Company), a leading provider of engineering and manufacturing solutions for the aerospace and defense industry, has announced the Company has certified trainers and operators to build printed circuit board assemblies (PCBAs) to the IPC-J-STD-001 Space Addendum standard. Certification to build to the IPC-J-STD-001 Space Addendum standard enhances Nortech System's capabilities in producing PCBAs that meet the stringent requirements of the aerospace and defense (A&D) industry. This ensures that all products manufactured under this standard adhere to rigorous quality and reliability criteria, making them suitable for use in critical space applications.
“Expanding our capabilities to be certified to build to the J-STD Space Addendum standard is a testament to our unwavering dedication to delivering high quality, mission-critical products to Nortech’s aerospace and defense customers," stated Jay D. Miller, CEO of Nortech Systems. "Certifying our trainers and operators expands Nortech’s capacity to meet the complex demands of the A&D industry and highlights the Company’s strategic commitment to grow our business in this segment.”
Key Benefits of the IPC-J-STD-001 Space Addendum Certification:
The IPC-J-STD-001 Space Addendum is a comprehensive set of guidelines and requirements designed to ensure the production of high-reliability electronic assemblies for use in space environments. It complements the existing IPC-J-STD-001 by adding specific criteria tailored for space applications, focusing on factors critical to performance and safety in space, such as thermal management, vibration tolerance, and radiation resistance. The Addendum outlines stringent criteria for materials selection, workmanship standards, and testing procedures to meet or exceed industry benchmarks for durability and reliability. The adoption of the IPC-J-STD-001 standard by Nortech Systems will result in the production of components that can withstand the unique challenges of the aerospace environment, providing assurance to our customers that our systems will function optimally under the demanding conditions of space missions.
Nortech Systems has a long history of serving the aerospace and defense markets with a wide range of engineering and manufacturing solutions. The addition of the IPC-J-STD-001 Space Addendum certified trainers and operators to build printed circuit board assemblies further solidifies the company’s position as an industry leader in delivering reliable, high-performance products.
About Nortech Systems Incorporated
Nortech Systems Incorporated is a leading provider of design and manufacturing solutions for complex electromedical devices, electromechanical systems, assemblies, and components. Nortech primarily serves the medical, aerospace & defense, and industrial markets. Its design services span concept development to commercial design, and include medical device, software, electrical, mechanical, and biomedical engineering. Its manufacturing and supply chain capabilities are vertically integrated around wire/cable/interconnect assemblies, printed circuit board assemblies, as well as system-level assembly, integration, and final test. Headquartered in Maple Grove, Minn., Nortech currently has seven manufacturing locations and design centers across the U.S., Latin America, and Asia. Nortech Systems is traded on the NASDAQ Stock Market under the symbol NSYS. Nortech's website is www.nortechsys.com.
Forward-Looking Statements
This press release contains forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 including without limitation statements regarding the impacts of adopting the IPC-J-STD-001 standard. While this release is based on management's best judgment and current expectations, actual results may differ materially from those expressed or implied and involve a number of risks and uncertainties. Some of these risks and uncertainties are described in further detail in the section entitled "Risk Factors" in our annual and quarterly reports, as applicable. You should assume the information appearing in this document is accurate only as of the date hereof, or as otherwise specified, as our business, financial condition, results of operations and prospects may have changed since such date. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the United States Securities and Exchange Commission, we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, to reflect actual results or changes in factors or assumptions affecting such forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241008883052/en/
Andrew D. C. LaFrence Chief Financial Officer and Senior Vice President of Finance alafrence@nortechsys.com 952-345-2243
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