NEWS PRESS RELEASE
FOR IMMEDIATE RELEASE Tuesday, January 31, 2012
SMTC Wins New Business with Alstom Transport to Build Leading Edge Signalling and Information SystemsWorld leader in transportation and information solutions forms manufacturing agreement with global EMS provider
Toronto, Canada. - January 31, 2012 - SMTC Corporation (Nasdaq: SMTX, TSX; SMX) ("SMTC"), a global electronics manufacturing services provider, and Alstom Transport, a global leader in transport, train and track, today announced the completion of a signed contract agreement to manufacture Alstom's leading edge transportation technology systems and products.
Alstom Transport is the world's only manufacturer able to master all businesses of the rail sector, offering a complete range of high performance applications: rolling stock, infrastructures, information systems, services and turnkey solutions. With a market share of 12% and sales of 5.6 billion Euros, Alstom Transport is number one worldwide in the high and very high speed train sector and ranks second worldwide in the urban transport market, regional trains, signalling, infrastructure equipment and all associated services.
Through this new contract, SMTC will provide Alstom Transport with a range of electronic manufacturing and integrated service solutions at their Markham, Canada facility in order to support Alstom Transport's range of complex transportation, signalling and information systems. These services will include NPI (New Product Introduction), PCBA (Printed Circuit Board Assembly), module level assembly, system integration and test. In addition, SMTC will support Alstom Transport's US content requirements by producing controlled products at their manufacturing facility in San Jose, California.
"This highly complex marketplace of leading edge transportation technology is a strategic focus for SMTC. We have made significant investments in talent, process and manufacturing technologies to support our growing customer base for these complex products," said Paul Blom, Executive Vice President of Operation for SMTC. "Alstom Transport is an industry leader with a reputation for creating innovative technologies, and we are excited to have been selected by them to industrialize and manufacture their new products."
About SMTC Corporation: SMTC Corporation, founded in 1985, is a global provider of flexible and customized electronics manufacturing services (EMS) including PCBA production, systems integration and testing, enclosure fabrication, as well as design, engineering and supply chain management services. SMTC facilities span a broad footprint in Mexico, United States, Canada and China, with more than 1,875 full-time employees. 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 offers fully integrated contract manufacturing services with a distinctive approach to global originalNEWS PRESS RELEASE
equipment manufacturers (OEMs) and emerging technology
companies primarily within industrial, medical, computing and
communication market segments.
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. For further information on SMTC Corporation,
please visit our website at www.smtc.com (http://www.smtc.com/)
Investor Relations information:
Claude Germain
President and Chief Executive Officer
Telephone: (905) 413.1272
Email: investorrelations@smtc.com
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Public Relations information: Tom Reilly
Director of Marketing
Telephone: (905) 413.1188
Email: public.relations@smtc.com
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About Alstom Transport
As part of a sustainable mobility commitment, Alstom
Transport designs and offers the most complete range of
systems, equipment and services on the railway market. With a
12% market share and a 5.6 billion euro turnover, Alstom is
the leading producer of high and very high speed trains
and the world's second largest supplier of urban
transport solutions (tramways and metros), signalling,
infrastructure equipment, and services.
The increasing complexity of technical solutions and
infrastructure projects is leading many customers to demand
comprehensive solutions. Present in over 60 countries with
25,500 employees, Alstom Transport is capable of managing an
entire transport system and offering turnkey solutions, from
rolling stock and signalling to infrastructure and services.
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