CALABASAS, CA – August 3, 2006 –National Technical Systems, Inc. (NASDAQ: NTSC) (NTS), a leading provider of engineering services, announced today the acquisition of Dynamic Labs, an EMI and Environmental Testing Laboratory with locations in Phoenix, AZ and Austin, TX. The Phoenix laboratory offers EMI, Environmental and Dynamics testing for both the Aerospace and Defense industries, including tests to RTCA/DO-160, MIL-STD 810, MIL-STD 461, as well as many commercial SAE and ASTM specifications. The Austin facility also offers Aerospace, Environmental, and Dynamic testing, and is able to accommodate higher levels and larger test items, including pyroshock and thermal vacuum capabilities.
William McGinnis, President and CEO stated, “The purchase of Dynamic Labs, which will be included in our Engineering and Evaluation Group, continues the strong growth trend that NTS has established in the past few years. As organizations outsource more non-core competencies, such as testing services, NTS continues to position itself as the choice for those outsourced services.”
NTS Director of Corporate Development, Derek Coppinger stated, "These two facilities provide additional capabilities and capacity and enhance the services offered by our Tempe, AZ and Plano, TX facilities. This acquisition is part of our growth strategy to provide local services and increase our domestic capacity.“
Derek Coppinger went on to say, “Companies may not have the testing capability or capital to invest in large testing programs. They do however need the testing completed and want it locally to help reduce costs and ensure a fast time to market. This is where NTS provides the solution.”
The capabilities of the Phoenix, AZ and Austin, TX laboratories include EMI/EMC testing in fully anechoic chambers capable of 200 v/M and frequencies to 40 GHz; numerous Environmental chambers covering temperature, humidity, altitude, thermal vacuum, rain, salt fog and dust; dynamic testing including shock and vibration up to 30,000 force pounds; space simulation in three-flight hardware chambers as well as thermal vacuum testing in a 40 foot by 12 foot chamber. The laboratory is ISO 17025 accredited by the American Laboratory Accreditation Association (A2LA).
National Technical Systems, Inc. is a leading provider of engineering services to the defense, aerospace, telecommunications, automotive and high technology markets. Through a worldwide network of resources, NTS provides full product life-cycle support, offering world class design engineering, compliance testing and certification, quality registration systems evaluation and program management. For additional information about NTS, visit our website at www.ntscorp.com or call 800-270-2516.
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 associated with uncertainties pertaining to customer orders, demand for services and products, development of markets for the companies’ services and products and other risks identified in the companies’ 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.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding National Technical Systems' business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.