Nortech Systems Announces Stock Buyback Plan
Nortech Systems Incorporated (Nasdaq: NSYS) (“Nortech Systems”, or the “Company”), a leading provider of engineering and manufacturing solutions for c Nortech Systems Incorporated (Nasdaq: NSYS) has announced a $100,000 common stock buy-back plan. The company is a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products in the medical, aerospace & defense, and industrial markets. Nortech Systems currently operates seven manufacturing locations across the U.S., Latin America, and Asia. This press release contains forward-looking statements, including statements regarding the ability of the Company to purchase shares of its common stock in accordance with the repurchase plan parameters. The information is accurate only as of the date hereof, as it may change since then.
公開済み : 10ヶ月前 沿って の Finance
MINNEAPOLIS--( )--Nortech Systems Incorporated (Nasdaq: NSYS) (“Nortech Systems”, or the “Company”), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets, announced today the Company’s Board of Directors approved a $100,000 common stock buy-back plan.
Nortech Systems is a leading provider of design and manufacturing solutions for complex electromedical devices, electromechanical systems, assemblies, and components. Nortech Systems primarily serves the medical, aerospace & defense, and industrial markets. Its design services span concept development to commercial design, and include medical device, software, electrical, mechanical, and biomedical engineering. Its manufacturing and supply chain capabilities are vertically integrated around wire/cable/interconnect assemblies, printed circuit board assemblies, as well as system-level assembly, integration, and final test. Headquartered in Maple Grove, Minn., Nortech Systems currently has seven manufacturing locations and design centers across the U.S., Latin America, and Asia. Nortech Systems is traded on the NASDAQ Stock Market under the symbol NSYS. Nortech's website is .
This press release contains forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 including without limitation statements regarding the ability of the Company to purchase shares of its common stock in accordance with the repurchase plan parameters adopted by the Company’s Board of Directors. You should assume the information appearing in this document is accurate only as of the date hereof, or as otherwise specified, as our business, financial condition, results of operations and prospects may have changed since such date. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the United States Securities and Exchange Commission, we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, to reflect actual results or changes in factors or assumptions affecting such forward-looking statements.
Andrew D. C. LaFrence Chief Financial Officer and Senior Vice President of Finance [email protected] 952-345-2243
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