House Democrats contend the $15 per hour minimum wage bill will lift workers who have not seen the benefits of a strong economy.Politicsread more
Analysts think Microsoft's Azure cloud growth slowed in the fiscal fourth quarter. But Windows revenue could benefit from better-than-expected PC sales.Technologyread more
Trump said the USS Boxer fired on and destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
Stocks erased earlier losses, but the rise was kept in check as Wall Street digested a mixed batch of corporate earnings results.US Marketsread more
The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
"It's better to take preventative measures than to wait for disaster to unfold," Williams told the annual meeting of the Central Bank Research Association.The Fedread more
The fact that interest rates are relatively low makes the idea of a so-called insurance rate cut later this month an attractive option for the Fed.Market Insiderread more
Video of the event does not show the president disagreeing with his supporters. Instead, it shows that Trump paused as the chant began, allowing his supporters to continue...Politicsread more
President Trump said he's looking at the JEDI Contract that will be awarded to Microsoft or Amazon.Technologyread more
Wealthy clients liquidate some investments every year to cover their tax bill, so presumably this was higher than what Morgan Stanley has seen previously.Financeread more
Hacker Square at Facebook's headquarters pays homage to the company's early motto of moving fast and breaking things.Technologyread more
TORONTO, July 12, 2016 (GLOBE NEWSWIRE) -- SMTC Corporation (Nasdaq:SMTX) 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 full product design services, value engineering solutions and supply chain management services. Since 1985, it has built many long-term partnerships with Fortune 500 companies by providing outstanding engineering and manufacturing support. As a full-service Electronics Manufacturing Services (EMS) provider, SMTC offers the manufacturing capabilities, engineering technical resources, and customized supply chain management programs normally associated with larger EMS companies; along with the agility, flexibility and responsiveness usually found with smaller EMS companies.
Although printed circuit board (PCB) assembly and test is its strongest area of growth, the company offers complete turnkey services, from design services to quick-turn prototyping all the way through to fully electromechanical assembly, also referred to in the industry as “box build”. Since the company is continuously presented with unique manufacturing opportunities, its capabilities have stayed diverse and vertically integrated. Remaining flexible and in control of these unique requirements has led to the development of many hard to coordinate, integrated processes. For PCB assembly, these include test development and design related to in-circuit test, functional test, thermal stress screening, and chip programming.
Over the past 30 years, SMTC has remained a key player in the EMS Industry with a strong reputation and recognized awards for providing outstanding quality services and technical support to global original equipment manufacturers (OEMs) and emerging technology companies primarily within industrial & commercial, computing & networking, communication & instrumentation, consumer & high-tech electronics, medical & life science and power & energy market segments. The secret to this success is SMTC’s Vision Statement, “To simplify the lives of our customers by delivering extraordinary Customer Service, Responsiveness, Quality, Technology Solutions and Value, fueling their Success and Our growth”.
Steve Brown, Vice President of Quality & Engineering at SMTC, said there are many important aspects to the company’s success; however, the following are what SMTC focuses on most heavily:
Customer-Centric Culture: Our business structure is formed around the principles of responsiveness, flexibility, and entrepreneurialism - all our people have a vested interest to make the right decision by the company for the customer.
Flexibility & Responsiveness: The ability to customize the deployment of our capabilities and services to suit the needs of our customers’, which accelerates customers’ product to market. SMTC is there for its customers. Period. If a customer requests a change (that makes sense and is realistic), SMTC will make it happen.
Engineering & Quality: In-depth knowledge and skills specializing in delivering highly manufacturable products while supporting complex OEM requirements.
Customer Service: Steve said, “SMTC takes being a collaborative partner to heart. We bring literally hundreds of years of manufacturing and supply chain experience to the table to help our customers solve their business problems and win in their marketplace”. This sounds simple … but so many companies today do not actually deliver on that promise. SMTC does and often uses it global footprint to work issues on a 24/7 basis.
Competitive pricing: With locations in USA, Mexico and Asia, SMTC operates a global footprint, specializing in customized delivery of localized electronics manufacturing and engineering support. Regardless of our customers’ location, SMTC is positioned to provide customers global competitiveness. We help customers determine where to manufacture and how to best capitalize on low-cost global geographies by leveraging in-country sourcing. With our global supply chain, we are able to source quality materials in region that can reduce our customers’ total cost of ownership.
Long-term partnerships: SMTC only works with partners whose low-maintenance, high-quality equipment runs reliably year after year. It is because of this stance that SMTC first started working with Kurtz Ersa North America more than 3 years ago.
Since the beginning of SMTC’s relationship with Ersa in 2013, it has run thousands of boards on Ersa’s equipment. Today, SMTC has two VERSAFLOW 3/45 dual pot selective soldering machines. These systems are ideal for automating manual soldering operations on high-density products or on products that must have through-hole components on both sides of a PCBA due to their fit in their final application. Ersa’s patented electromagnetic pump technology consistently delivers high reliability solder joints which SMTCs customers expect and rely on. Steve said that Ersa’s customer service principals are in line with SMTC’s: “They are highly collaborative as demonstrated by their excellent application development support. They bring their knowledge to bear which cuts time to market by minimizing the effort required to tune the production process to a high degree of repeatability.” He added that SMTC uses Ersa’s technology for all of its selective soldering needs and the company plans to continue using Ersa into the future because it yields the best results.
VERSAFLOW is the industry’s most widely used in-line selective soldering platform. This platform is the most repeatable system on the market with technology highlights such as maintenance-free electromagnetic solder pumps, servo-driven gantry systems, expandable modularity, multiple solder pots in various combinations, fiducial recognition, board warpage detection, process camera, auto nozzle cleaning, top- and bottom-side heating and offline programming.
Ernie Grice, Vice President of Sales for Kurtz Ersa North America, says, “SMTC is a progressive company and we are happy to have them be a part of the ERSA Family”.
Low-Mid Volume, High-Mid Mix Electronics Manufacturing
SMTC specializes in the production of low-mid volume, high-mid mix electronics built for today demanding markets. While many companies specialize in high volume production, SMTC have developed an entire global business process founded on the support of low-mid volumes high-mid mix complex devices. Across our global facilities, SMTC manufactures almost a 1,000 different products annually with volumes ranging from 1 to 20,000 pieces per month.
SMTC is sensitive to their customers’ electronics manufacturing needs, which enables them to build personal relationships with our partners. We ensure that communication takes place throughout the entire process. In order to deliver highly complex variable demand electronics devices, SMTC is able to fully understand and produce exactly what our customers need and want, providing peace of mind and a strong sense of partnership.
As a leading EMS company in the growing global economy, SMTC is continually challenged by the many unique manufacturing opportunities presented by its customers. It works to exceed those demands, challenges and opportunities by focusing on hard work and quality, and by working closely with partners like Ersa.
About Kurtz Ersa North America: Kurtz Ersa North America, a leading supplier of electronics production equipment, develops and produces high-quality machines and appliances for the electronics manufacturing industry under the ERSA trademark. Its portfolio includes stencil printers, soldering machinery and tools, as well as rework and inspection systems. The Kurtz Group of companies, founded in 1779 in Germany, is a collection of highly efficient small- and medium-sized companies representing diverse sectors in the Metals, Electronics and Plastics Industries. For more details visit: www.ersa.com.
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 approximately 1,170 employees. SMTC services extend over the entire electronic product life cycle, from the development and introduction of new products 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, communication, and medical market segments. SMTC is a public company incorporated in Delaware with its shares traded on the Nasdaq National Market System under the symbol SMTX. For further information on SMTC Corporation, please visit our website at www.smtc.com (http://www.smtc.com/).
Investor Relations Information:Blair McInnisCorporate ControllerTelephone: (905) 413.1211Email: firstname.lastname@example.orgPublic Relations Information:Tom ReillyDirector of MarketingTelephone: (905) 413.1188Email: email@example.com