National Technical Systems Acquires Telecommunications Test Laboratory in Calgary: Third Test Facility Outside U.S.; Purchase Part of Global Expansion Strategy
CALABASAS, CA – August 10, 2004 –National Technical Systems Inc. (Nasdaq:NTSC) (NTS), a leading provider of quality, conformance and certification testing, quality registration and managed services, announced today the purchase of a world class telecommunications product test laboratory in Calgary, Canada, the third NTS test laboratory outside the United States. The 14,000-square-foot
NTS Chairman and CEO Dr. Jack Lin stated, "Although this laboratory is presently small compared to other NTS operations, it represents a key milestone in our strategic global expansion plan to acquire additional international laboratories that allow us to market our services globally at locations convenient to our clientele. It also compliments our Telecommunication Certification and Test services and is an enhancement to our plans for expanding services and technology in the wireless product certification testing."
The laboratory has both 3-meter and 10-meter ambient-free chambers with state-of-the-art test equipment and customized measurement systems. The laboratory is ISO-17025 accredited by Standards Council of Canada and has numerous global agency approvals from countries including the United States, Canada, Korea, Japan, Taiwan and Australia
President and Chief Operating Officer William C. McGinnis commented, "The acquisition of this lab allowed NTS to concurrently enter into a testing agreement with a large Canadian telecommunication manufacturer. Strategically, this addition means NTS can now offer convenient services to other companies located in and the northern . Also, the addition of a 10-meter chamber expands our ability to offer a complete one-stop test and certification service shop, which gives us a distinct advantage over our competitors."
To learn more about NTS' universal and multi-disciplined test capabilities and related services, call 800-946-2687, or visit its Web site at www.nts-pr.com.
National Technical Systems Inc. is a business-to-business services company providing organizations in the aerospace, defense, information technology (IT) and high technology markets integrated testing, certification, quality registration, systems evaluation and IT staffing services. For additional information about National Technical Systems, visit its Web site at www.ntscorp.com.
The statements in this press release that relate to future plans, events or performance, are forward-looking statements that involve risks and uncertainties, including risks associate with uncertainties pertaining to operating new facilities, customer orders, demand for services and products, development of markets for the company's services and products and other risks identified in the company's SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The companies undertake no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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