About SMTC

SMTC Corporation provides end-to-end electronics manufacturing services (EMS). The company provides product design and engineering services, printed circuit board assembly (PCBA), production, enclosure, cable assembly, precision metal fabrication, systems integration and comprehensive testing services, configuration to order (CTO), build to order (BTO) and direct order fulfillment (DOF). As of January 1, 2021, the company operated more than 50 manufacturing and assembly lines in over 560,000 square feet of production space worldwide at strategically located facilities in the United States and Mexico, which provide local support, flexibility, fast turn around and delivery times; and volume manufacturing capabilities, as well as new product integration (NPI) services, to its global customers. The company’s services extend over the entire electronic product life cycle from new product development and NPI through to growth, maturity and end of life phases. The company offers fully integrated contract manufacturing services to global original equipment manufacturer (OEMs), technology companies, Defense Prime Contractors, the U.S. Department of Defense (DoD), and various U.S. government agencies. The company focuses on seven market sectors, such as avionics, aerospace and defense; industrial, IoT (Internet of Things) power and clean technology; medical and safety; retail and payment systems; semiconductors; telecom, networking and communications; and test and measurement. The company has customer relationships with industry leading OEMs, Defense Prime Contractors, the DoD, and various other U.S. government agencies. The company developed these relationships by capitalizing on the continuing trend of OEMs outsourcing non-core manufacturing services to consolidate their supplier base and forming long-term strategic partnerships with select high-quality EMS providers. The company works with, and is highly responsive to, its customers throughout the design, manufacturing and distribution process, providing value-added services. The company seeks to grow its business through the expansion of its share of business with existing customers, participating in the growth of existing customers, the addition of new high-quality customers, and from time-to-time, through strategic acquisitions, such as its acquisition of MC Assembly Holdings, Inc. (MCA), a privately held EMS provider based in Melbourne, Florida, in 2018 (the ‘MCA Acquisition’). In connection with the MCA Acquisition, the company expanded its operations to include locations in Melbourne, Florida, Billerica, Massachusetts, and Zacatecas, Mexico (which it is consolidating with its Chihuahua, Mexico facility). The company’s Melbourne, Florida operation provides comprehensive electronic manufacturing services with a focus on delivering product to its customer base. The company’s EMS activities span the entire electronic product life cycle from the development and introduction of new products through the growth, maturity, and end of life phases. The company offers three vertically-integrated manufacturing streams, such as enclosures and precision metal fabrication products; PCBA products; and larger-scale systems. For each of these streams, the company provides a broad range of end-to-end manufacturing services, from assembly, test, integration and box-build through to system level test, CTO, BTO, and DOF. These core services are complemented with cable assembly, interconnect and value engineering services. The company’s vertically-integrated manufacturing services include: New Product Introduction Services: In 2019, the company added a new capability to its Billerica, Massachusetts, the United States location that provides its customers with world-class 'Quick-turn' manufacturing. This new capability is designed to enable an accelerated launch timetable for its customers’ products with the flexibility to scale into a low-cost geography that is available from the company’s other sites. PCBA Services: The company provides advanced product assembly and system level integration and test services combined with advanced manufacturing equipment and processes. Its flexible environment allows the company to support low-medium and high-mix and volume manufacturing requirements, as well as to deliver a final product directly to the end customer. System-Level Integration, Box-Build and Test: The company’s system and subsystem assembly services involve combining a wide range of subassemblies, including PCBAs, cables and harnesses, battery boxes and connector blocks, power supplies, backplanes and thermal controls. Its test expertise encompasses the full array of technologies, including high-speed digital, radio frequency, precision analog, power, thermal and optical. The company provides complete electrical and mechanical testing for cables, harnesses, PCBAs, subassemblies and systems to meet its customers’ requirements and specifications. Its in-house expertise enables the company to provide custom test development services to its customers and to implement their product specific tests. Enclosures and Precision Metal Fabrication: The company uses premium grade sheet steel, stainless steel, and aluminum to ensure high quality. Technologically advanced equipment and processes enable the company to produce medium to complex product enclosures and metal parts. Custom Interconnect: The company engages in the design, development and manufacturing of interconnect assemblies, such as optical and electrical cable and harness assemblies offering customers advanced expertise options. In 2020, the company’s Fremont, California location added wire bonding capabilities with a clean room to support its customers. Engineering Services: The company provides services across the entire product life cycle, including product design, prototyping, qualification testing and sustaining engineering through product end of life. Global Procurement and Supply Chain Network: As an extension of the company’s offering of vertically-integrated manufacturing services, its Global Procurement Group (GPG) plays a fundamental role in its managing a portfolio of assets and relationships in the most efficient manner. The company’s GPG is responsible for all aspects of its supply network. Management Methods and Tools: The company has a web-based system through which it can communicate, collaborate and plan throughout the entire supply chain in real-time with its customers and suppliers. Strategies The company’s key strategies include providing outstanding customer service and performance; focusing on well defined customer markets; providing advanced technological capabilities; and providing comprehensive service offerings. Marketing and Sales The company has developed relationships and established a network of sales representatives that focus on specific territories in the U.S. The company develops relationships with its customers and markets its vertically-integrated manufacturing services through its direct marketing and sales teams. Its direct sales teams work with the customers' engineering and technical personnel to better understand their requirements. The company’s marketing team supports its business strategy of providing end-to-end services by encouraging cross selling of vertically-integrated manufacturing services across a broad range of major OEM products. Environmental and Social Commitment The company’s commitment is to conduct its business in such a way that protects and preserves the environment, health and safety of its employees, its customers and the communities where the company lives and operates. Its commitment to this responsibility includes compliance to the European Directives, such as Waste Electronic and Electrical Equipment, and Restriction of Hazardous Substances, as well as assisting customers with conflict minerals and complying with the human trafficking resolutions passed in the California Transparency in Supply Chains Act of 2010. All of the company’s facilities remain in operation and it has progressively implemented measures to safeguard the company’s employees from COVID-19 infection and exposure, in accordance with guidelines established by the Centers for Disease Control, the World Health Organization, governmental requirements, and the company’s own safety standards. History SMTC Corporation was founded in 1985.