In addition to the Company award, MTS-China President Gary Chen received the '2012 China Economic Business Leadership Award', which is given to a select group of 100 Chinese business executives who demonstrate superior leadership qualities. Mr. Chen was chosen based on his excellent reputation among colleagues, customers and industry peers, as well as his proven commitment to personal integrity, business ethics, and social responsibility in leading the MTS-China Team over the last decade.
"Our strategy, to provide customers with world-leading technologies combined with a deep understanding of their business, aligns well with the growing needs to satisfy the demands of the rapidly expanding and complex consumer population in China and other developing economies," Graves said. "We look forward to continuing to invest in these economies with innovative technology, application knowledge, and local talent and leadership."
About MTS Systems Corporation MTS Systems Corporation is a leading global supplier of high-performance test systems and position sensors. The Company's testing hardware and software 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's high-performance position sensors provide controls for a variety of industrial and vehicular applications. MTS had 2,147 employees and revenue of $542 million for the fiscal year ended September 29, 2012. Additional information on MTS can be found on the worldwide web 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. 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.Forward-looking statements are based on our current expectations and assumptions, which may not prove to be accurate. Many factors could cause actual results to differ materially and adversely from these forward-looking statements. Among these factors are risks related to: the Company's significant international business; volatility in the global economy; competition; failure to achieve the Company's growth plans for the expansion of its business; difficulties obtaining the services of skilled employees; failure to protect its intellectual property effectively or infringement upon the intellectual property of others; product liability and commercial litigation; difficulty obtaining materials or components for its products; government regulation; the irregularity and development of sales, delivery and acceptance cycle for the Company's products; the Company's customers are in cyclical industries; interest rate fluctuations; and the Company may be required to recognize impairment charges for long-lived assets. For a more thorough discussion of the risks associated with our business, see the "Risk Factors" section in the Company's most recent SEC Form 10-K, 10-Q and 8-K filings. Except as required by law, the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. SOURCE MTS Systems Corporation