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Technology Stocks : Alcatel (ALA) and France -- Ignore unavailable to you. Want to Upgrade?

To: zbyslaw owczarczyk who wrote (2728)	11/2/2000 7:44:20 AM
From: zbyslaw owczarczyk	Read Replies (1) \| Respond to of 3891

SMTC Signs Multi-Year Supply Agreement With Alcatel Canada Business Editors TORONTO--(BUSINESS WIRE)--Nov. 1, 2000--SMTC Corporation, (TSE:SMTX.)(NASDAQ:SMX) a leading provider of advanced electronic manufacturing services, announced today that it has been selected by Alcatel Canada (formerly Newbridge Networks) as the primary manufacturer for a selection of high complexity printed circuit board assemblies. The two companies value this long-term supply agreement at approximately $350 to $400 million over the next three years. Alcatel has chosen to outsource its higher volume DSL printed circuit assemblies as a complement to its internal manufacturing capacity. This agreement enables Alcatel to continue deploying its leading edge products as rapidly as possible, while providing customers with improved density and flexibility in delivering multiple services. "In order to meet the growing demand of our customers, it is very timely for us to engage with SMTC," commented Mike Doiron, Vice President and Plant General Manager, Alcatel Canada. "Within an amazingly short period of time SMTC has aligned themselves to our needs, by quickly establishing a team and assets that could support our aggressive manufacturing ramp. This is something that pays big dividends towards credibility in this industry. As we continue to focus our efforts within the high growth, high value telecommunication and networking markets, we are very excited to partner with Alcatel Canada, who is a leading player within the networking infrastructure and DSL space," said Paul Walker, SMTC President and CEO. The long term manufacturing agreement calls for SMTC to provide volume board level assembly and test at its Toronto-Canada manufacturing and technology center. Services include turnkey material management, printed circuit board assembly and in-circuit and functional test. This program was launched this past July and is now in full production. About SMTC: SMTC Corporation (NASDAQ:SMTX and TSE:SMX) is a leading provider of advanced electronics manufacturing services to electronics OEMs worldwide. The Company's manufacturing and technology centers are located in Appleton-Wisconsin, Austin-Texas, Boston-Massachusetts, Charlotte-North Carolina, Denver-Colorado, San Jose-California, Toronto-Canada, Cork-Ireland and Chihuahua-Mexico. SMTC offers a broad range of services including design, new product introduction, test development, integrated supply chain management, PCB assembly and test, precision enclosure fabrication, complex system configuration/integration and test, build-to-order, global distribution and warranty/repair services. SMTC supports the needs of a diversified OEM customer base within the networking, fixed and wireless communications and computing markets. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These statements may be identified by their use of forward-looking terminology such as "believes", "expect", "may", "should", "would", "will", "intends", "plans", "estimates", "anticipates" and similar words. Such forward-looking statements include, but are not limited to, statements regarding the expectations, intentions or strategies of SMTC Corporation described above. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. Risks and uncertainties that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, factors discussed from time to time in reports filed by SMTC Corporation with the Securities and Exchange Commission. The forward-looking statements contained in this news release are made as of the date hereof and SMTC Corporation assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ materially from those projected in the forward-looking statements.