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SMTC Corp. (SMTX) Announces Manufacturing Partnership with Prim’Tools

|Includes: Semtech Corporation (SMTC)

SMTC Corp. just announced the execution of a manufacturing partnership with Prim’Tools, one of the world’s most prominent manufacturers and distributors of laser level surveying equipment and measurement devices. Prim’Tools is part of Hexagon Group, a world leader in design, measurement, and visualization technologies and solutions.

SMTC’s Dongguan, China based manufacturing facility will provide Prim’Tools with a complete turn-key manufacturing solution for its next generation of laser precision measurement equipment. SMTC has assembled a dedicated core team for new product introduction (NPI) and performed design for manufacturing (DFM) analyses as part of its engineering solution based services. The company has also agreed to provide complex electronic manufacturing services, including Printed Circuit Board Assembly (PCBA) production, board level assembly and testing.

By leveraging SMTC’s expertise in Supply Chain Management (NYSE:SCM) services, Prim’Tools gains a well-established network of material sourcing and purchasing power to help drive costs and reduce delivery times. Eric Lee, General Manager of Prim’Tools, stated, “We are confident that SMTC will be committed to providing Prim’Tools with excellent turn-key solutions and we very much look forward to building on this partnership as we move forward.”

“We’re delighted to welcome Prim’Tools as our newest customer,” commented Andy Li, Vice President and General Manager of SMTC China. “Our customers rely on our dedicated people and manufacturing capabilities as they deliver mission critical solutions to their end customers. We look forward to partnering with Prim’Tools to deliver superior service and operational excellence.”

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