VirTex Enterprises Acquires PPI-Time Zero

AUSTIN, Texas — VirTex Enterprises (“VirTex”), a leading vertically integrated electronic manufacturing services provider headquartered in Austin, Texas, is pleased to announce the acquisition of PPI-Time Zero (“PPI”). The company features over 100,000 square feet of manufacturing space with the ability to produce both complex electronic components and complete systems for customer platforms with volumes ranging from prototyping to full-scale production.

Brad Heath, CEO of VirTex, commented, “PPI provides many additional services that our customers have been asking for. We now can provide a single source for electronic design, metal fabrication, and wire and cable assembly, as well as the traditional services of supply chain, PCBA assembly and system build. This opens many new opportunities for our customers to consolidate their supply base with VirTex with the new capability to take a project from inception through end of life, all with in-house resources.”

Dana Pittman, president of PPI-Time Zero, noted, “We are very excited about the expanded geographic footprint of the combined entities that ensures redundant capacity and disaster recovery, as well as adding manufacturing facilities in close proximity to our existing customers. Prior to this, we have been focused primarily in the Northeast. We now have a presence and manufacturing capability to offer our customers locations in the Midwest, the Southwest and even a low-cost region in Mexico.”

About VirTex Enterprises

VirTex manufactures printed circuit board assemblies and other critical electronic systems for small and medium-sized customer programs across a wide range of industries, including industrial, aerospace and defense, automotive and medical. By providing a focused market-segment approach, VirTex can bring greater value and innovation to its customers, improve OEM competitiveness and deliver comprehensive, tailored solutions that are specific to each customer. VirTex is based in Austin, Texas, with additional manufacturing facilities in Menomonee Falls, Wisconsin, and Juarez, Mexico.

About PPI-Time Zero

PPI-Time Zero is a leading electronics manufacturing services (“EMS”) company which provides contract manufacturing of highly reliable components to the aerospace, defense, medical and industrial electronics industries. PPI has locations in Fairfield, New Jersey, Waynesboro, Virginia, and Norwood, Massachusetts. With 40 years of service within the EMS industry, PPI is known for its superior quality manufacturing of mission-critical products in the low-to-medium volume production environment.