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TORONTO, Feb. 7, 2013 (GLOBE NEWSWIRE) -- SMTC Corporation (Nasdaq:SMTX) ("SMTC"), a global electronics manufacturing services provider, today announced it has received the 2013 North American Frost & Sullivan Award for Growth Leadership in the Electronics Manufacturing Service (EMS) Industry.
Based on its recent analysis of the electronics manufacturing services (EMS) market, Frost & Sullivan have recognized SMTC Corporation with the 2013 North America Award for Growth Leadership. Each year, Frost & Sullivan presents this award to the company that demonstrates excellence in capturing the highest annual compound growth rate for the past three years.
"SMTC offers cost optimization benefits without compromising quality and delivery performance for its wide customer base," said Frost & Sullivan Research Analyst Lavanya Rammohan. "The company also partners with customers to not just provide manufacturing, but also engineering and design solutions as well, thereby tightening integration and long-term relationships."
"We are pleased to have our growth recognized by Frost and Sullivan," stated Claude Germain, co-Chief Executive Officer at SMTC. "Two of our strategic objectives are related to delivering profitable top line growth – generating new account revenues from Business Development, and growing revenues from existing accounts via Account Management. Combined, these strategic initiatives are aiming to deliver, over the long term, 10% year over year organic revenue growth. As part of this effort, we continue to target midmarket international OEM's, especially in the industrial, telecom and computing industries."
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.
Visit SMTC to read the Frost & Sullivan Analyst report