MINNEAPOLIS – Nortech Systems Inc. (NASDAQ: NSYS) today reported net sales of $28.3 million for the third quarter ended September 30, compared with net sales of $29.7 million for the third quarter of 2016. For the nine months ended September 30, Nortech’s net sales were $86.8 million, compared with $87.6 million for the same period […]
New SMT Technology Offers Improved Speed and Quality October 25, 2017 – Minneapolis, Minn., and Rolling Meadows, Ill. – Nortech Systems Incorporated (NASDAQ: NSYS) and Panasonic have collaborated on a new, total-line-solution installation of integrated hardware and software. It provides enhanced Surface Mount Technology (SMT) component placement capability and quality while increasing efficiency and Statistical […]
MINNEAPOLIS – Nortech Systems Incorporated (Nasdaq: NSYS), a leading provider of full-service electronics manufacturing services (EMS), today announced that its board of directors has approved a stock repurchase program under which the company is authorized to repurchase shares of its common stock in an amount up to $250,000 over the next year, in amounts of […]
Sales and Profits Increase MINNEAPOLIS – Nortech Systems Incorporated (NASDAQ: NSYS) today reported net sales of $30.1 million for the second quarter ended June 30, 2017, a four percent increase over net sales of $28.9 million for the second quarter of 2016. For the six months ended June 30, 2017, Nortech Systems’ net sales rose […]
MINNEAPOLIS – Nortech Systems Incorporated (Nasdaq: NSYS), a leading provider of full-service electronics manufacturing services (EMS), today announced it has closed a new credit facility of up to $21 million with Bank of America Merrill Lynch with an additional $20 million accordion feature. “This important agreement is an endorsement of the corporate strategies we outlined […]
MINNEAPOLIS – Nortech Systems Incorporated (Nasdaq: NSYS), a leading provider of full-service electronics manufacturing services (EMS), today announced that its board of directors has appointed Matt Mahmood, 47, as chief operating officer (COO). In this role, Mahmood will be responsible for overseeing all aspects of Nortech’s manufacturing, engineering, global sourcing and business development for its […]
Sales and Profits Increase MINNEAPOLIS – Nortech Systems Incorporated (Nasdaq: NSYS), a leading provider of full-service electronics manufacturing services (EMS), today reported net sales of $28.3 million for the first quarter ended March 31, 2017, compared with net sales of $29.0 million for the first quarter of 2016. For the first quarter of 2017, operating […]
Sales and Profits Increase MINNEAPOLIS – Nortech Systems Incorporated (Nasdaq: NSYS), a leading provider of full-service electronics manufacturing services (EMS), today reported net sales of $29.0 million for the fourth quarter ended December 31, 2016, compared with net sales of $31.4 million for the fourth quarter of 2015. Net sales for the 2016 fiscal year […]
Quarterly Conference Call March 9 at 10:00 a.m. (CDT) 866-635-0172 MINNEAPOLIS – Nortech Systems Incorporated (NASDAQ: NSYS) will hold a conference call at 10:00 a.m. (CST) on Thursday, March 9, 2017, to discuss the company’s fourth quarter and fiscal year results, which will be released after the U.S. stock market closes on March 8. Anyone […]
Operating Profits Improve MINNEAPOLIS – Nortech Systems Inc. (NASDAQ: NSYS) today reported net sales of $29.7 million for the third quarter ended September 30, compared with net sales of $30.4 million for the third quarter of 2015. For the nine months ended September 30, Nortech’s net sales increased 5 percent to $87.6 million. Operating income […]
Intercon 1 by Nortech specializes in machine vision technology and is the premier producer of camera cable and assemblies in the United States. Since 1978 it has led the camera cable market in serving machine vision customers – providing sophisticated engineering, specialized tools and methodologies to support ground breaking vision technology.