Ambrell Honored for Enabling Manufacturing
Excellence
inTEST Corporation (NYSE American: INTT), an independent designer,
manufacturer and marketer of thermal management products and
semiconductor automatic test equipment (ATE) interface solutions,
today announced that its thermal segment subsidiary, Ambrell
Corporation, has been recognized as a Manufacturing Leadership (ML)
Awards winner for its outstanding achievement in the category of
“Operational Excellence.”
“We are honored to receive this prominent award
recognizing Ambrell’s manufacturing initiative,” said Tony
Mazzullo, President of Ambrell. “In 2018, Ambrell’s
Operations department undertook a Strategic Process Improvement
Initiative with a goal to reduce delivery lead times and to
simultaneously improve on-time delivery by 50%. Delivery
performance is considered by our customers to be of primary
importance.”
Mazzullo added, “The initiative required
collaborative participation across the organization. The team
members followed common process improvement techniques including
detailed process mapping, and the results have been
impressive. Ambrell has achieved the project delivery goals
along with other significant improvement in key operational
processes. Customers appreciate the faster, consistent
delivery of our induction heating solutions. The initiative
also resulted in a high level of employee satisfaction.”
“This is the second year in a row that Ambrell
has been recognized for excellence by the ML Council,” commented
James Pelrin, inTEST President and CEO, “and we are very proud of
their achievements. The activities undertaken in support of
this initiative have had a very positive impact, and Ambrell has
made solid contributions to inTEST’s operations, further supporting
inTEST’s position as a global leader in today’s marketplace.
2018 was a banner year for Ambrell, with bookings up 18% from full
year 2017 bookings – the highest bookings ever achieved in the
history of Ambrell – and record shipments for the year, up 25% from
full year 2017 revenues. In light of these results, the
investments made in technology and manufacturing are especially
gratifying as they played a key role in benefitting our
customers. The record shipments would not have been possible
without the additional floor space, combined with the efficiencies
gained in manufacturing, at the new Rochester, NY facility, which
we opened in 2018. The 80,000 square foot manufacturing
facility doubled the size of the previous location and included an
all-new Applications Laboratory, as well as a highly efficient
manufacturing floor to maximize throughput.”
Jeff Moad, Director of the Manufacturing
Leadership Awards, noted, “With this recognition, Ambrell is again
included in an elite group of world-class manufacturing companies
that are redefining excellence and shaping the future of global
manufacturing, bringing fundamental changes to the way we
live. Ambrell plays a key enabling role, accelerating the
transformative era of thermal processing technologies, and
delivering significant value to the Company’s global customer
base.”
Ambrell will be recognized at the 15th Annual
Manufacturing Leadership Awards Gala, which is to be held on the
last day of the Manufacturing Leadership Summit, June 10-12, 2019
at the Hyatt Regency Huntington Beach Resort and Spa in Huntington
Beach, CA.
About the Manufacturing Leadership
AwardsThe Manufacturing Leadership Awards, now in their
15th year, honor manufacturing companies and individual
manufacturing leaders that are shaping the future of global
manufacturing. Winning projects and individual manufacturing
leaders have demonstrated achievement in one of a wide range of
categories, and are chosen by a panel of expert judges for results
that have delivered clear and compelling value, return on
investment, and other tangible outcomes. There will be several
winners in each category, including one High Achiever’s Award in
each category, as well as a 2019 Manufacturer of the Year for both
small and large enterprises. Also unveiled at the Gala will be the
ML Awards Manufacturing Leader of the Year and Lifetime Achievement
Award winners.
The projects and individuals on the list of ML
Awards winners represent small and large enterprises in a wide
range of manufacturing markets. They all leverage best-in-class
processes, technologies, and engaged teams to set themselves apart
from the competition. Winners for 2019 include Boeing, Cisco
Systems, Lockheed Martin, Merck, and Peterbilt.
The theme for the 15th Annual Manufacturing
Leadership Summit is “Strategies to Deliver Business Value Through
Manufacturing 4.0.” The event enables senior-level executives in
all aspects of manufacturing an opportunity to network with and
learn from the best minds in the industry.
For more information on the Manufacturing
Leadership Awards or the Manufacturing Leadership Summit, please go
to www.mlsummit.com.
About the National Association of
ManufacturersThe National Association of Manufacturers
(NAM) is the largest manufacturing association in the United
States, representing small and large manufacturers in every
industrial sector and in all 50 states. Manufacturing employs
more than 12 million men and women, contributes $2.25 trillion to
the U.S. economy annually, has the largest economic impact of any
major sector and accounts for more than three-quarters of all
private-sector research and development in the nation. The
NAM is the powerful voice of the manufacturing community and the
leading advocate for a policy agenda that helps manufacturers
compete in the global economy and create jobs across the United
States.
The NAM’s world-class staff of policy experts
provides unmatched access and information on the key issues
affecting your business and bottom line. We are on the front
lines of a wide range of policy battles, from immigration reform
and labor relations, to energy and the environment, to trade policy
and taxes. At every turn, we are working on behalf of
manufacturers in America to advance policies that help
manufacturers do what they do best: create economic strength and
jobs. www.nam.org
About inTEST CorporationinTEST
Corporation designs and manufactures engineered solutions for ATE
and other electronic test, as well as industrial process
applications. Our products are used by semiconductor
manufacturers to perform development, qualifying and final testing
of integrated circuits (ICs) and wafers, and for other electronic
test across a range of industries including the automotive,
defense/aerospace, energy, industrial and telecommunications
markets. We offer induction heating products for joining and
forming metals in a variety of industrial markets, including
automotive, aerospace, machinery, wire & fasteners, medical,
semiconductor, food & beverage, and packaging. Specific
products include temperature management systems, induction heating
products, manipulator and docking hardware products, and customized
interface solutions. We have established strong relationships
with our customers globally, which we support through a network of
local offices. For more information visit www.intest.com.
Forward-Looking
StatementsThis press release includes
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements do
not convey historical information, but relate to predicted or
potential future events and financial results that are based upon
management's current expectations. These statements are
subject to risks and uncertainties that could cause actual results
to differ materially from those expressed or implied by such
statements, as well as other risk factors set forth from time to
time in our SEC filings, including, but not limited to, our
periodic reports on Form 10-K and Form 10-Q. inTEST
undertakes no obligation to update the information in this press
release to reflect events or circumstances after the date hereof or
to reflect the occurrence of anticipated or unanticipated
events.
Contacts
inTEST Corporation
Hugh T. Regan, Jr.
Treasurer and Chief Financial Officer
Tel: 856-505-8999
Investors:
Laura Guerrant-Oiye, Principal
Guerrant Associates
lguerrant@guerrantir.com
Tel: (808) 960-2642
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