posted
I've owned this one for a while. I think this company will do well in the coming months, especially if this keeps up!
SMTC Signs Agreement with StarBak Communications to Provide Highly Scalable Manufacturing Services for Next Generation IP Video Systems - SMTC chosen as preferred electronic manufacturing service (EMS) partner by leading provider of integrated network video solutions
- SMTC's fabrication, systems integration and configure to order capabilities deliver critical manufacturing scalability that helps StarBak meet its growth projections
TORONTO, May 17 /CNW/ - SMTC Corporation (NASDAQ:SMTX/TSX:SMX), a global provider of electronics manufacturing services today announced that it has signed a strategic outsource manufacturing agreement with StarBak Communications Inc., a leading provider of integrated network video solutions for enterprise, educational and government customers. The StarBak solution allows organizations to easily create, manage, deliver and display video-based applications over IP networks. SMTC will provide full system integration, configure to order, global end-customer distribution and after sales support for StarBak's complete product line. SMTC will also work closely with StarBak to integrate into their hardware design activities to support design to cost initiatives and enhance StarBak's time to market requirements for its next generation products. "Our selection of SMTC as the premier manufacturing arm for StarBak provides us with a world-class manufacturing solution based in Franklin, Massachusetts," commented Peter Minihane, Chief Operating and Financial Officer of StarBak. "SMTC gave us the ability to gracefully scale our business as we meet our customer's growth expectations, which was something we found extremely compelling." "We are delighted that StarBak Communications has selected SMTC as their premier EMS provider," stated John Caldwell, SMTC President and Chief Executive Officer. "Our proven performance in the areas of system integration, build to order and configure to order, along with our cost effective product distribution services has positioned us to support both StarBak's legacy and emerging IP based technologies. We are very encouraged by the prospect of expanding the relationship as StarBak continues to enhance its unique product offerings."
About StarBak Communications, Inc. - "Where Video Applications Converge"
StarBak Communications provides a complete IP-based video communications platform that allows organizations to simply and easily create, manage, deliver and display their video applications. StarBak's award-winning Integrated Network Video (INV) solutions are used by hundreds of companies worldwide, including many of the Fortune 500, government agencies, and educational institutions. StarBak solutions are available through a network of value-added resellers and full-service integrators, including IBM Global Services, SPL Integrated Solutions and others. StarBak is a fully authorized, licensed and certified partner for Microsoft Windows Media and StarBak technology is also available to OEMs requiring Windows Media streaming capabilities in Linux and UNIX-based devices. For more information, visit www.StarBak.com.
About SMTC Corporation:
SMTC Corporation is a global provider of advanced electronic manufacturing services. The Company's electronics manufacturing, technology and design centers are located in Appleton, Wisconsin; Boston, Massachusetts; San Jose, California; Toronto, Canada; and Chihuahua, Mexico with a third party facility in Chang An, China. SMTC offers technology companies and electronics OEMs a full range of value-added services. SMTC supports the needs of a growing, diversified OEM customer base primarily within the industrial, networking, communications and computing markets. SMTC is a public company incorporated in Delaware with its shares traded on the Nasdaq National Market System under the symbol SMTX and on The Toronto Stock Exchange under the symbol SMX. Visit SMTC's web site, www.smtc.com, for more information about the Company.
Note for Investors: The statements contained in this release that are not purely historical 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.
For further information: For customer related enquiries, contact: Steve Hoffrogge, Senior Vice President of Business Development, SMTC Corporation, (905) 479-1810 ext. 2248, www.smtc.com; For SMTC investor-related inquiries, please contact: Jane Todd, Senior Vice President Finance and Chief Financial Officer, (905) 479-1810, ext. 2465, Email: jane.todd@smtc.com
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