Key Tronic Corporation Changes Name to `KeyTronicEMS Co.'; KeyTronicEMS Listed in Manufacturing Market Insider's Annual Top 50 EMS Providers.Business Editors/Technology Writers SPOKANE, Wash.--(BUSINESS WIRE)--May 9, 2001 Key Tronic Key Tronic is a computer equipment manufacturer founded in 1969. Its core product group includes keyboards, mice and other input devices. They are considered to be one of the pioneers in ergonomic keyboard design. Corporation (Nasdaq:KTCC KTCC Kiarti Thanee Country Club (Thailand) ), a world-class electronics manufacturing This article presents a typical manufacturing process of an electronic assembly. Component manufacturing Components such as resistors, capacitors and integrated circuits are generally made by specialized contractors. service (EMS) provider and worlds leading independent keyboard manufacturer, has announced it has begun doing business as KeyTronicEMS Co. as part of a transition to position the company firmly in the EMS (electronic manufacturing services) industry, company executives said. KeyTronicEMS has also designed a new logo and launched a new corporate website. The name change supports the increased market presence of KeyTronicEMS's electronic manufacturing services business. The company's EMS growth rate of over 100% per year comes from its expertise at seamlessly transferring complex products with demanding manufacturing processes from the customer site to a KeyTronicEMS facility. This success is attributed to Program Management led cross-functional teams In business, a cross-functional team is a group of people with different functional expertise working toward a common goal. It may include people from finance, marketing, operations, and human resources departments. who are dedicated to each customer program from cradle to grave. The purpose of this change is to create a new identity consistent with overall business initiatives. The keyboard manufacturing and distribution business unit of KeyTronicEMS will continue to be identified as Key Tronic. The keyboard business unit will remain committed to manufacturing and supplying high quality input devices and new emerging technology products such as biometric bi·o·met·rics n. (used with a sing. verb) The statistical study of biological phenomena. bi and thin client keyboards. "The high quality our keyboard customers expect will remain the same. We will continue to offer innovative products with additional value as we move forward with developing and marketing our new generation of keyboard products," says Craig Gates, Executive Vice President Sales, Marketing and Engineering. Coinciding co·in·cide intr.v. co·in·cid·ed, co·in·cid·ing, co·in·cides 1. To occupy the same relative position or the same area in space. 2. To happen at the same time or during the same period. 3. with the change in corporate identity, KeyTronicEMS is included in the annual Manufacturing Market Insider (MMI (Man Machine Interface) See HMI. 1. MMI - Man-Machine Interface. 2. (company) MMI - The company which developed the first Programmable Array Logic devices. MMI was bought by AMD. ) Top 50 EMS providers. MMI ranks worldwide EMS providers by their EMS revenue only, as opposed to total revenue. To make the list without keyboard revenue supports the direction of the company's growth efforts. In Fall 2000, Electronic Business Magazine surveyed electronics contract manufactures from around the world, and ranked KeyTronicEMS at number 38 out of the top 100. "By the end of our fiscal year 2000, our EMS revenue was at a record 75% of total revenue. Our new name and logo follows the corporate direction, established over two years ago," says Jack Oehlke, President and Chief Executive Officer. "Our new name positions us in the global electronic manufacturing services industry and reinforces our commitment to becoming a leading EMS provider in performance, quality and service. As the EMS industry's growth rate continues to increase, our new identity will help open up new opportunities and win new contracts in this exciting industry." KeyTronicEMS customers enjoy world-class capabilities and pricing, while receiving a level of customer service and quality unparalleled in the EMS industry. KeyTronicEMS will continue to assist a growing customer base of today's leading OEM's meet their time to market and cost targets by providing a unique combination of mechanical and electrical design services and vertically integrated production A farming system that produces high quality food and other products by using natural resources and regulating mechanisms to replace polluting inputs and to secure sustainable farming. capabilities. The new name reinforces the company's commitment to becoming a leading provider of EMS services, and recognizes the transition underway. About KeyTronicEMS KeyTronicEMS is a leading electronic manufacturing service provider offering value-added design and manufacturing services from its facilities in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Mexico, Ireland and China. The Company provides its customers full engineering services, materials management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, , worldwide manufacturing facilities, assembly services, in-house testing, and worldwide distribution. Its customers include some of the world's leading original equipment manufacturers. The company is also is a global leader in the design and manufacture of computer keyboards and advanced input products, marketed and distributed under the Key Tronic name. For more information about KeyTronicEMS visit www.keytronicems.com. Certain statements contained in this release constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results or performance of this strategic manufacturing relationship to differ materially from those contemplated, expressed or implied, by such forward-looking statements. Such factors are discussed in detail in KeyTronicEMS Securities and Exchange filings. Given these uncertainties prospective KeyTronicEMS investors are cautioned not to place undue reliance on such forward-looking statements. |
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