Coretec Inc. Leveraging India for Business Process Improvement.TORONTO -- Coretec Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CYY) announced today it is utilizing outsourcing arrangements to India to provide "flex" capacity across key business processes for product not covered not covered Health care adjective Referring to a procedure, test or other health service to which a policy holder or insurance beneficiary is not entitled under the terms of the policy or payment system–eg, Medicare. Cf Covered. under International Trade in Arms armed for war; in a state of hostility. See also: Arms Regulations (ITAR (International Traffic in Arms Regulations) U.S. State Department regulations that govern the export of restricted technology to foreign states other than Canada. ). "We have been piloting the use of resource in India as a strategy in response to a surge in demand for our printed circuit board (PCB PCB: see polychlorinated biphenyl. PCB in full polychlorinated biphenyl Any of a class of highly stable organic compounds prepared by the reaction of chlorine with biphenyl, a two-ring compound. ) manufacturing services", commented Jeff Canavor, Executive Vice President. "The results have been impressive. In addition to being a cost effective way to quickly increase capacity across key business processes, we have been pleased with the level of competency with respect to quality and timeliness." "Although we remain committed to the North American-based market for both rigid and rigid-flex PCBs out of our operations in Toronto, Denver and Cleveland, and also remain committed to house the foundation of our key business processes here, we nonetheless see outsourcing arrangements to India as a strategic imperative." "It is providing much needed flexibility in our business model, and looks to remain a key part of our continuous improvement focus on behalf of our customers." With operations in Toronto, Denver and Cleveland, as well as off-shore sourcing competency to Asia, Coretec is one of the leading North American-based designers and fabricators of rigid and rigid-flex printed circuit boards for the prototype and quick turnaround production segments of the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and European markets. Coretec distinguishes itself from its competitors by providing complete printed circuit board solutions, including design, advanced prototyping and quick turnaround production across a diverse range of product technologies and approvals. This news release may include statements about future expectations, plans and prospects that may constitute forward-looking statements. Coretec Inc. (TSX:CYY) |
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