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SMTC Corporation Receives 5-year, $9 Million Contract from the United States Navy

TORONTO — SMTC Corporation, a global electronics manufacturing services provider announced that SMTC’s subsidiary MC Test Services, Inc.  was recently awarded a $9 million, 5-year contract to support the U.S. Naval Undersea Warfare Center Division. SMTC expects to begin production, and provide full engineering, testing, and support for the MK48 MOD 6 Exercise Electronics System and Torpedo Swim Out Box beginning in the second quarter of 2019. This new application will be in full compliance with all domestic and foreign contract requirements.

“We are honored for the opportunity to support our United States Navy and our nation’s platforms and look forward to providing these systems with the highest level of quality and reliability for many years to come,” said Ed Smith, SMTC’s President and CEO. “The Navy’s selection of our Company reflects positively on our commitment to operational excellence and employing the latest in manufacturing technology to support defense and aerospace requirements,” Smith added.

About SMTC Corporation

SMTC Corporation was founded in 1985 and acquired MC Assembly Holdings, Inc. in November 2018.  Following this acquisition, SMTC has more than 50 manufacturing and assembly lines in United States, China and Mexico which creates a powerful low-to-medium volume, high-mix, end-to-end global EMS provider. With local support and expanded manufacturing capabilities globally, including fully integrated contract manufacturing services with a focus on global original equipment manufacturers (OEMs) and emerging technology companies, including those in the medical and safety, semiconductor, defense and aerospace, telecommunications, computing and networking, energy, power, industrial and clean technology, sensing and IoT, retail and payment systems, and test and measurement industries. As a mid-size provider of end-to-end electronics manufacturing services (EMS), SMTC provides printed circuit boards assemblies (PCB production, systems integration and comprehensive testing services, enclosure fabrication, as well as product design, sustaining engineering and supply chain management services. SMTC services extend over the entire electronic product life cycle from the development and introduction of new products through to the growth, maturity and end-of-life phases.

SMTC is a public company incorporated in Delaware with its shares traded on the Nasdaq National Market System under the symbol SMTX and was added to the Russell Microcap® Index in 2018. For further information on SMTC Corporation, please visit our website at www.smtc.com.

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