Fire at TTM Technologies’ Anaheim Facility Results in Minor Damage
February 08 2016 - 5:45PM
The Anaheim, CA facility of TTM Technologies, Inc. (Nasdaq:TTMI)
experienced a fire on Saturday afternoon, February 6th. No
injuries resulted from the fire and only minor damage to the
facility was incurred. There was no damage to any of the facility’s
production equipment. The fire was quickly extinguished
with the assistance of the local fire department.
The facility has been cleared from an environmental and
safety perspective and the Company has begun repairs and limited
production. The Company expects to resume full production
within one to two weeks.
TTM management will be working with customers to reschedule
orders or provide backup manufacturing from one of TTM’s other
facilities while repairs are being made. The Company does not
expect this event to have a material impact on the financial
results of the first quarter. “Our supervisors at the plant
handled the situation perfectly, evacuating employees and
working closely with the assistance of the local fire department
and other authorities to insure the safety of our employees at the
time of the fire and thereafter,” said Phil Titterton President of
TTM’s Aerospace, Defense & Specialty Business Unit.
About TTMTTM Technologies, Inc. is a leading
global printed circuit board (“PCB”) manufacturer, focusing on
quick-turn and technologically advanced PCBs, backplane assemblies
and electro-mechanical solutions. TTM stands for time-to-market,
representing how TTM's time-critical, one-stop manufacturing
services enable customers to shorten the time required to develop
new products and bring them to market. Additional information can
be found at www.ttm.com.
Forward-Looking Statements This release
contains forward-looking statements that relate to future events or
performance. TTM cautions you that such statements are simply
predictions and actual events or results may differ materially.
These statements reflect TTM's current expectations, and TTM does
not undertake to update or revise these forward looking statements,
even if experience or future changes make it clear that any
projected results expressed or implied in this or other TTM
statements will not be realized.
Clay Swain
VP Marketing & Communications
714-327-3074
cswain@ttmtech.com
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