Spokane Valley, WA— September 9, 2008 -- 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.