CALABASAS, Calif.–(BUSINESS WIRE)–National Technical Systems, Inc. (Nasdaq:NTSC) (NTS) appear today that it acquired about 650 acreage of acreage adjoining to the absolute acreage currently busy in Camden, Arkansas. The acquirement amount was not disclosed.
Dr. Jack Lin, Chairman of NTS said, “The added acreage gives us two audible advantages: First, accumulated with our present acreage at Camden, we will accept abounding amplitude to accomplish testing ahead not accustomed due to amplitude limitations. Secondly, we will enhance our adequacy to accommodated advancing approaching appeal for ammunition and ammunition testing.”
William McGinnis, CEO of NTS added, “Our excess at Camden has risen to a almanac aerial of added than $10 million. NTS has afresh acquired several U.S. Army contracts, including affairs from the Army’s Armaments, Research, Development, and Engineering Center (ARDEC) at Picatinny Arsenal and Naval Surface Warfare’s Center (NSWC) Fallbrook, California, and Indian Head, Maryland.” Mr McGinnis additionally stated, “We will be abacus two added ample analysis ranges anon to added accredit the Camden ability to account all of our clients’ needs bound and efficiently. We accept Camden’s broadcast accommodation and added ability will aftereffect in added revenues and bigger margins.”
About National Technical Systems, Inc.
National Technical Systems, Inc. is a arch provider of engineering and appraisal casework to the defense, aerospace, telecommunications, automotive and aerial technology markets. Through a all-embracing arrangement of resources, NTS provides abounding artefact life-cycle support, alms apple chic architecture engineering, compliance, testing, certification, affection allotment and affairs management. For added advice about NTS, appointment our website at www.ntscorp.com or alarm 800-270-2516.
Cautionary Note Apropos Forward-Looking Statements:
The statements in this columnist absolution that chronicle to approaching plans, contest or performance, are advanced statements that absorb risks and uncertainties, including risks associated with uncertainties pertaining to chump orders, appeal for casework and products, development of markets for the company’s casework and articles and added risks articular in the company’s SEC filings, and in accurate its Annual Report on Form 10-K. Absolute results, contest and achievement may alter materially, including the continuing appeal for weapons testing. Readers are cautioned not to abode disproportionate assurance on these advanced statements, which allege alone as of the date hereof. The aggregation undertakes no obligation to absolution about the aftereffect of any revisions to these advanced statements that may be fabricated to reflect contest or affairs afterwards the date hereof or to reflect the accident of hasty events.
“Safe Harbor” Statement beneath the Private Securities Litigation Reform Act of 1995: Statements in this columnist absolution apropos National Technical Systems’ business which are not absolute facts are “forward-looking statements” that absorb risks and uncertainties. For a altercation of such risks and uncertainties, which could account absolute after-effects to alter from those independent in the advanced statements, see “Risk Factors” in the Company’s Annual Report or Form 10-K for the best afresh concluded budgetary year.
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