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MTS ANNOUNCES PRODUCTION IN UK TO ADDRESS NEW OPPORTUNITIES IN AUTOMOTIVE AND OTHER HIGH-GROWTH MARKETS
Eden Prairie, Minn. – February 15, 2016 – MTS Systems Corporation (NASDAQ: MTSC), a leading global supplier of high-performance test systems and position sensors, continues to take steps to bring its engineering expertise closer to important clusters of industrial activity to better serve its customers. On January 23, the company announced the grand opening of its newest manufacturing facility in Guildford, UK.
The Guildford site will focus on making advances in energy recovery technology, including the development and manufacture of next-generation electric power systems (EPS) and solutions for more efficient vehicles. Key applications for such technology include racing and other motorsports, where performance is critical, as well as mass market electric and hybrid-power automobiles and aerospace applications.
The location in the south east of England is well-positioned to support the recent electrification expansion of premier European motorsports teams involved in competitions such as Formula 1, the World Endurance Championships (WEC) and Formula E. The official opening of the new MTS facility was attended by representatives from McLaren Applied Technologies, rFpro, Williams Grand Prix Engineering Ltd, Qinetiq, Unico, the University of Surrey, the Ford Motor Company, Jaguar Land Rover, Scuderia Toro Rosso, and Ferrari.
“It was an honour to be invited to officially open the new MTS UK facility. We a have a long, diverse and successful relationship with MTS Systems. The new state-of-the-art Energy Recovery System assembly and test cells are a welcome addition to MTS’ Electric Power Systems capability,” shared Mr. Thierry Baritaud, Head of Energy Recovery, Turbo and Injection Systems of Ferrari S.p.A.
Professor Dr. Mark Gillan, Director of Motorsport Technology at MTS, who is based at the Guildford facility, explains: “Although we have served the UK market for many years, adding an engineering and production presence brings real value to our EPS customer base - both in the UK and across Europe.“
About MTS Systems Corporation
MTS Systems Corporation’s testing hardware, software and services solutions help customers accelerate and improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures. MTS’ high-performance position sensors provide controls for a variety of industrial and vehicular applications. MTS had 2,400 employees at October 3, 2015 and revenue of $564 million for the fiscal year ended October 3, 2015. Additional information on MTS can be found at http://www.mts.com.
This release contains “forward-looking statements” regarding financial projections made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that are subject to certain risks and uncertainties, as well as assumptions, that could cause actual results to differ materially from historical results and those presently anticipated or projected. Words such as “may,” “will,” “should,” “expects,” “intends,” “projects,” “plans,” “believes,” “estimates,” “targets,” “anticipates,” and similar expressions are used to identify these forward-looking statements.