MtronPTI Recognized as a Strategic Supplier for Nortel
May 08, 2007
Yankton, South Dakota – May 8, 2007 – MtronPTI of Yankton, South Dakota, has been recognized as a Strategic Supplier by Nortel Networks.
MtronPTI, producer of frequency control products, was recognized with the award based on their broad product offering and continued customer service flexibility. The award also recognized the technology planning alignment demonstrated between MtronPTI and Nortel.
MtronPTI was one of only four Strategic Suppliers recognized by Nortel, surpassing the more than 85 North American competitors in their market alone. A recognition plaque was presented to MtronPTI in conjunction with the recent Nortel Supplier Conference in Beijing, China.
Nortel is a recognized leader in delivering communications capabilities. Serving both service provider and enterprise customers, Nortel delivers innovative technology solutions encompassing end-to-end broadband, Voice over IP, multimedia services and applications, and wireless broadband designed to help people solve the world's greatest challenges. Additional information is available at www.nortel.com.
MtronPTI’s VP Sales & Marketing, Dick Thompson, attended the Nortel Supplier Conference in Beijing together with Eddie Leung, the Managing Director of MtronPTI – Asia. Dick Thompson commented, “Nortel has considered MtronPTI a Preferred Supplier for more than 20 years. Elevation to a Strategic level is a special recognition of the close collaboration between our companies over the years. Many of the technology developments of MtronPTI can be directly tied to advanced requirements from Nortel. They continue to be a valued customer in setting MtronPTI’s technology development direction and robust business growth.”
MtronPTI was formed in October 2004 with the merger of M-tron Industries Inc. and Piezo Technology Inc. of Orlando, Florida. MtronPTI is a leading designer and manufacturer of advanced technology frequency control products and electronic filter products. The company specializes in developing custom products for advanced frequency control applications. It is based in Yankton, South Dakota with design, sales and manufacturing locations in North America, Asia and Europe. MtronPTI is a subsidiary of the LGL Group (formerly Lynch Corporation). LGL is listed on the American Stock Exchange and traded under the symbol – LGL. View the MtronPTI website at www.mtronpti.com
Caution Concerning Forward Looking Statements
This document includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors. More detailed information about those factors is contained in LGL Group’s filings with the Securities and Exchange Commission.