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MTS ANNOUNCES EXPANDED SERVICE CAPABILITIES IN EUROPE
Eden Prairie, Minn. – March 24, 2016 – MTS Systems Corporation (NASDAQ: MTSC), a leading global supplier of high-performance test systems and position sensors, today announced the expansion of Test Services capabilities in its Berlin facility. This expansion was driven by growing customer demand in Europe, which not only represents a meaningful portion of the installed base of MTS test equipment, but is also a key market for long-term growth of new, highly sophisticated Test equipment, driven by the European automotive OEM’s and other key research laboratories.
“This expansion of local service and system integration capability in Europe is vital to our growth strategy in both the equipment and services arena,” stated Dr. Jeffrey Graves, President and Chief Executive Officer of MTS. “As we develop new capabilities locally, we are better able to work with our customers to help expand and enhance their testing operations. This is particularly important given the ever more demanding local compliance standards that our customers must meet in operating their facilities. By having local service capability we can respond faster to our customers’ needs and ensure that their MTS equipment is operating to its full capability at all times throughout its life.”
As an example of the value offered to MTS European customers with the renovations and upgrade of the Berlin facility, MTS was able to rapidly respond to a recent German automotive customer’s request for support in expanding their testing capabilities in the laboratory of an Eastern European affiliate. By conducting the work locally in Germany, MTS was able to deliver the needed system three weeks ahead of schedule, and successfully install it at the customer site within one week of the customer acceptance at the Berlin facility. This capability to rapidly address the needs of European Test customers will enhance customer satisfaction and further stimulate demand for MTS products and services in the years ahead.
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” 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. Statements made under the heading “Outlook” are forward-looking statements, and words such as “may,” “will,” “should,” “expects,” “intends,” “projects,” “plans,” “believes,” “estimates,” “targets,” “anticipates,” and similar expressions identify forward-looking statements in other parts of the release.
Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those in such statements. Factors that could cause actual results to differ from those discussed in the forward-looking statements include, but are not limited to, those described in the “Risk Factors” section in the Company’s most recent Form 10-K filed with the Securities and Exchange Commission (“SEC”). The performance of our business and our securities may be adversely affected by these factors and by other factors common to other businesses and investments, or to the general economy. Forward-looking statements are qualified by some or all of these risk factors. Therefore, you should consider these forward looking statements with caution and form your own critical and independent conclusions about the likely effect of these risk factors on our future performance. Forward-looking statements speak only as of the date on which statements are made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made to reflect the occurrence of unanticipated events or circumstances. Readers should carefully review the disclosures and the “Risk Factors” described in the Company’s most recent Form 10-K filed with the SEC, including our Forms 10-Q and 8-K.