Posted in | Microscopy | Nanobusiness

SMTC Teams Up with Microscope Provider FEI

SMTC Corporation (Nasdaq: SMTX, TSX: SMX) ("SMTC"), a global electronics manufacturing services provider, announced today a strategic relationship with FEI Company (Nasdaq:FEIC) (FEI).

FEI is a premier provider of electron and ion-beam microscopes and tools for nanoscale applications across many industries: industrial and academic materials research, life sciences, semiconductors, data storage, natural resources and more. With a 60-year history of technological innovation and leadership, FEI has set the performance standard in transmission electron microscopes (TEM), scanning electron microscopes (SEM) and DualBeams(TM), which combine a SEM with a focused ion beam (FIB) technologies.

SMTC will manufacture integrated control cabinets for FEI's Titan(TM) Transmission Electron Microscopes leveraging the internal precision sheet metal fabrication, printed circuit board assembly and cable harness assembly capabilities of its Chihuahua, Mexico campus. The low-cost North American operation provides best-in-class technical support and manufacture capabilities for low to medium volume, high complexity system integration and test solutions for industrial capital equipment, life science instrumentation and telecommunication applications.

"The relationship with SMTC is part of our strategy to leverage low-cost region supply chain partners," said Gijs Oude Elberink, Sr Director Global Sourcing for FEI. "This partnership is also key to our "Green Back" program, which is our initiative to selectively increase our supplier spend in US dollars to offset the variability of the Euro. It is our intention to expand this promising relationship with SMTC as part of our Green Back initiatives and as part of our supply chain strategy in supporting the strong demand for our products."

"We are excited about the opportunity to be part of the FEI's longer term supply chain strategy to capitalize on SMTC's expanded high quality large scale system integration and metal fabrication capability within our highly competitive Chihuahua Mexico facility and to offer US denominated pricing to allow FEI to reduce its currency exposure" stated John Caldwell, President and Chief Executive Officer of SMTC. "We are delighted to be selected by FEI and look forward to supporting its growth".


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