Nortech Systems Announces Stock Buyback Plan
11 Juni 2024 - 11:30PM
Business Wire
Nortech Systems Incorporated (Nasdaq: NSYS) (“Nortech Systems”,
or the “Company”), a leading provider of engineering and
manufacturing solutions for complex electromedical and
electromechanical products serving the medical, aerospace &
defense and industrial markets, announced today the Company’s Board
of Directors approved a $100,000 common stock buy-back plan.
About Nortech Systems
Incorporated
Nortech Systems is a leading provider of design and
manufacturing solutions for complex electromedical devices,
electromechanical systems, assemblies, and components. Nortech
Systems primarily serves the medical, aerospace & defense, and
industrial markets. Its design services span concept development to
commercial design, and include medical device, software,
electrical, mechanical, and biomedical engineering. Its
manufacturing and supply chain capabilities are vertically
integrated around wire/cable/interconnect assemblies, printed
circuit board assemblies, as well as system-level assembly,
integration, and final test. Headquartered in Maple Grove, Minn.,
Nortech Systems currently has seven manufacturing locations and
design centers across the U.S., Latin America, and Asia. Nortech
Systems is traded on the NASDAQ Stock Market under the symbol NSYS.
Nortech's website is www.nortechsys.com.
Forward-Looking Statements
This press release contains forward-looking statements made
pursuant to the safe harbor provision of the Private Securities
Litigation Reform Act of 1995 including without limitation
statements regarding the ability of the Company to purchase shares
of its common stock in accordance with the repurchase plan
parameters adopted by the Company’s Board of Directors. You should
assume the information appearing in this document is accurate only
as of the date hereof, or as otherwise specified, as our business,
financial condition, results of operations and prospects may have
changed since such date. Except as required by applicable law,
including the securities laws of the United States and the rules
and regulations of the United States Securities and Exchange
Commission, we undertake no obligation to publicly update or revise
any forward-looking statement, whether as a result of new
information, future events or otherwise, to reflect actual results
or changes in factors or assumptions affecting such forward-looking
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20240611029894/en/
Andrew D. C. LaFrence Chief Financial Officer and Senior Vice
President of Finance alafrence@nortechsys.com 952-345-2243
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