New Customer's Programs Expected to Contribute More Than $25
Million Annually
SPOKANE VALLEY, Wash.--(Business Wire)--
Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic
manufacturing services (EMS), today announced that it expects to begin
a new manufacturing program with Kaz, Incorporated, a worldwide leader
in consumer, health, home and garden products, in December 2008.
Over the long term, Key Tronic expects to add several other Kaz
product programs. When the combined Kaz programs are in full
production, they are anticipated to contribute over $25 million to Key
Tronic's annual revenue. Key Tronic intends to perform the
manufacturing operations in its primary manufacturing facility in
Juarez, Mexico.
"We are very pleased to be working with a world-class customer
like Kaz," said Jack Oehlke, President and Chief Executive Officer.
"The Kaz programs will leverage our strong engineering, account
management and production capabilities. This important new
relationship represents the kind of quality programs we are pursuing
and winning, which are expanding our customer base and contributing to
profitable long-term growth."
About Kaz, Incorporated
Headquartered in Southborough, Massachusetts, Kaz, Incorporated is
a leading global healthcare and home comfort device company. Kaz has
offered high-quality healthcare and home environment products since
founder Max Katzman's invention of the world's first electric
vaporizer over 80 years ago. Today, Kaz Inc. is a privately held
company which designs, manufactures and distributes innovative
products worldwide.
About Key Tronic
Key Tronic is a leading contract manufacturer offering value-added
design and manufacturing services from its facilities in the United
States, Mexico and China. The Company provides its customers full
engineering services, materials management, worldwide manufacturing
facilities, assembly services, in-house testing, and worldwide
distribution. Its customers include some of the world's leading
original equipment manufacturers. For more information about Key
Tronic visit: www.keytronic.com.
Some of the statements in this press release are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include all passages
containing verbs such as 'aims, anticipates, believes, estimates,
expects, hopes, intends, plans, predicts, projects or targets' or
nouns corresponding to such verbs. Forward-looking statements also
include other passages that are primarily relevant to expected future
events or that can only be fully evaluated by events that will occur
in the future. Forward-looking statements in this release include,
without limitation, the Company's statements regarding its
expectations with respect to revenue. There are many factors, risks
and uncertainties that could cause actual results to differ materially
from those predicted or projected in forward-looking statements,
including but not limited to the level of demand in the marketplace
for customer products; the accuracy of customer forecasts; success of
new customer programs; timing of the ramp up of new programs and the
other risks and uncertainties detailed from time to time in the
Company's SEC filings.
Key Tronic Corporation
Chief Financial Officer
Ron Klawitter, 509-927-5295
or
StreetConnect
Investor Relations
Michael Newman, 206-729-3625
Copyright Business Wire 2008
