Monday, June 25, 2018
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SMTC and FICOSA Announce Strategic Arrangement
TORONTO, Canada - 
SMTC Corporation, a global electronics manufacturing services provider, and FICOSA International S.A. ("Ficosa"), a global leader in
automotive systems and parts, announce the signing of a strategic manufacturing agreement. Under this agreement, Ficosa will transition the manufacturing of select programs to SMTC's Suzhou plant in China.

Ficosa is a multinational corporation devoted to the research, development, production and commercialization of systems and parts for the automotive industry, for both commercial and industrial vehicles. Founded in 1949, the company has its headquarters in Barcelona (Spain), and an operating presence in 19 other countries across the globe.

Under the terms of the strategic manufacturing agreement, SMTC will provide Ficosa with a range of automotive electronics manufacturing services at SMTC's facility in Suzhou (China). These services will  include manufacturing engineering support, PCBA (Printed Circuit Board Assembly) manufacturing, system integration, module assembly, and logistics services. Ficosa will also leverage SMTC's expertise in
global supply chain management services by utilizing its well-established global network of material sourcing and supplier partners. Ficosa will contribute also in the development of SMTC as a supplier for the automotive industry.

Through this partnership, SMTC will also offer its customers the expertise of Idneo, a product design subsidiary of FICOSA. With 180 engineers, Idneo is a world-class product realization enterprise committed to product design and development for customers within the Industrial, Medical, Consumer and Automotive markets. Idneo's knowledge covers a wide range of specialties, including design and engineering of embedded software, electro-mechanical components, power circuits,
hardware and packaging.

"The marketplace of leading edge automobile electronics is a good fit
for SMTC's advanced manufacturing expertise. We have made significant investments in talent, process and manufacturing technologies to support our growing industrial customer base," said Claude Germain, President and Chief Executive Officer for SMTC. "Ficosa is an industry leader with a reputation for creating innovative technologies, and we are excited to have been selected by them to help industrialize and manufacture their new products."

"We are very impressed with SMTC's depth of knowledge and expertise in
this type of technology. They have years of experience taking products from new product introduction to volume production, and a reputation for high quality. Working closely with SMTC, and leveraging their global resources and footprint, allows us to cost-effectively and rapidly ramp-up our products," said Javier Pujol, Chief Executive Officer of Ficosa.

About SMTC Corporation: SMTC Corporation, founded in 1985, is a mid-size provider of end-to-end electronics manufacturing services (EMS) including PCBA production, systems integration and comprehensive testing services, enclosure fabrication, as well as product design, sustaining engineering and supply chain management services. SMTC facilities span a broad footprint in the United States, Canada, Mexico, and China, with more than 1,875 full-time employees. SMTC services extend over the entire electronic product life cycle from the development and introduction of new products through to the growth, maturity and end-of-life phases. SMTC offers fully integrated contract manufacturing services with a distinctive approach to global original equipment manufacturers (OEMs) and emerging technology companies primarily within industrial, computing and communication market segments. SMTC was recognized in 2012 by Frost & Sullivan with the Global EMS Award for Product Quality Leadership.

SMTC is a public company incorporated in Delaware with its shares
traded on the Nasdaq Global Market under the symbol SMTX. For further
information on SMTC Corporation, please visit their website at .

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