Smiths Aerospace Corporation Awards Agreement to National Technical Systems for Testing and Compliance Services
Calabasas, CA – May 19, 2005 - National Technical Systems, Inc. (Nasdaq: NTSC), a leading provider of quality and conformance testing and managed services, announced that it has been awarded a long term agreement with Germantown, MD-based Smiths Aerospace, a business unit of the Smiths Group plc, (LSE:SMIN), covering testing and compliance services in the environmental and structural areas. The agreement runs through April 2006.
Under the agreement, National Technical Systems, (NTS), will provide a wide range of testing services including temperature and humidity, mechanical vibration and shock, electromagnetic interference and structural load testing for Smiths Aerospace and other Smiths business units including: Smiths Medical, Titflex Corporation, Smiths Mechanical Systems, Smiths Electronic Systems, and Beagle Aircraft Limited. These qualification test programs are conducted to assure compliance to the broad range of commercial and government requirements necessary to bring Smiths Aerospace’s products to market. NTS will automatically be included in the competitive bidding for any Smiths Aerospace outsourced testing requirements in the environmental and structural fields. Having test labs throughout the U.S. and overseas, NTS can provide a wide range of environmental and structural test capabilities as well as diverse engineering services with the flexible volume capacity often required for multiple product development, qualification and certification programs. Smiths’ vendor selection program is designed to identify and utilize top suppliers in each industry in order to maximize the availability of advanced solutions and products while maintaining a minimum number of subcontractor relationships and affecting the maximum cost-efficiency of large scale procurements.
“Selection by this aerospace industry leader is significant,” notes NTS President and COO William C. McGinnis. “Our ability to effectively provide global test and compliance capabilities is becoming widely recognized as a cost-effective strategy for manufacturers.”
NTS has established strategic partnerships with a number of government agencies and corporations providing engineering, testing, test witnessing, and certification services. Among its agreements, NTS currently provides global testing and compliance services for UTC Corporation; operates a Siemens Laboratory in
About Smiths Aerospace
Smiths Aerospace is one of four world leading businesses forming Smiths Group plc, a focused engineering company and member of the UK Stock Exchange FTSE 100. Smiths Aerospace is the leading transatlantic aerospace equipment and systems company, with more than 10,000 staff and nearly $2 billion sales split between Europe and
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 engineering solutions. 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 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.