Profile: MTS Systems Corp (MTSC.O)

MTSC.O on Nasdaq

67.97USD
1 Oct 2014
Price Change (% chg)

$-0.29 (-0.42%)
Prev Close
$68.26
Open
$68.40
Day's High
$68.79
Day's Low
$67.76
Volume
66,716
Avg. Vol
57,807
52-wk High
$78.90
52-wk Low
$56.87

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MTS Systems Corporation (MTS), incorporated on September 12, 1966, is a global supplier of test systems and position sensors. The Company’s operations are organized and managed in two business segments: the Test segment and the Sensors segment, based upon global similarities within their markets, products, operations and distribution. During the fiscal year ended September 29, 2013 (fiscal 2013), the Test and Sensors segments represent approximately 80% and 20% of Company revenue, respectively. In June 2014, MTS acquired 100% Roehrig Engineering, Inc., testing systems utilizing electric and electromagnetic actuation technology.

Test Segment

The Test segment (Test) provides testing solutions, including hardware, software and service. Products are used by customers in their development of new products to characterize the product’s mechanical properties. A typical test system includes a reaction frame to hold the prototype specimen, a hydraulic pump or electro-mechanical power source, piston actuators to create the force or motion, and a computer controller with specialized software to coordinate the actuator movement and record and manipulate results. In addition to these basic components, Test sells a range of accessories and spare parts, as well as services, including installation, calibration, maintenance, training and consulting. Products and customers are grouped into the three global markets: Ground Vehicles, Materials, and Structures. Ground Vehicles market consists of automobile, truck, motorcycle, motorsports vehicles, construction equipment, agricultural equipment, rail, and off-road vehicle manufacturers and their suppliers. Test systems are utilized in customer testing of vehicles, subsystems and components. MTS offering include road simulators for the purpose of durability simulation; tire performance and rolling resistance measurement systems; and moving road-plane systems and balances used for aerodynamic measurements in wind tunnels.

Materials market covers industries, such as power generation, aerospace, vehicles, and bio-medical. The Company’s products and services support customers in the research and development of products through the physical characterization of materials, such as ceramics, composites and steel. Bio-medical applications include systems to test durability and performance of implants, prostheses, and other medical and dental materials and devices. This global market represents approximately 35% of Test orders.

Structures market serves the structural testing needs in the fields of aerospace, wind energy, structural engineering, and petroleum. The aerospace structural testing market consists of manufacturers of commercial, military, and private aircraft and their suppliers, who use the Company’s products, systems, and software to perform static and fatigue testing of aircraft and space vehicles. The wind energy market consists of wind turbine manufacturers and their component suppliers. Systems for structural engineering include static and dynamic testing, as well as seismic simulation tables used globally to test the design of structures, such as bridges and buildings, and to help governments set building codes. Structural engineering customers include construction companies, government agencies, universities, and the manufacturers of building materials. This global market represents approximately 20% of Test orders.

Sensors Segment

The Sensors segment (Sensors) products are used by industrial machinery and mobile equipment manufacturers to automate the operation of their products safety and end-user productivity. Customer industries include manufacturers of plastic injection molding machines, steel mills, fluid power, oil and gas, medical, wood product processing equipment, mobile equipment, and energy. Sensors products are also used to measure fluid displacement, such as liquid levels for customers in the process industries. Sensors manufactures products utilizing magnetostriction technology. MTS has developed an implementation of the technology, known as Temposonics. This technology offers non-contact position sensing.

Company Address

MTS Systems Corp

14000 Technology Dr
EDEN PRAIRIE   MN   55344-2290
P: +1612.9374000
F: +1952.9374515

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