Company Announcements

MINNEAPOLIS--(BUSINESS WIRE)--Apr. 22, 2025-- In honor of Earth Day, Nortech Systems (“Nortech” or the “Company) is proud to announce its continued annual support for Neighborhood Forests, a partnership that has flourished over the past three years. As a sequoia-level sponsor, Nortech has donated over 10,000 trees to the program, demonstrating its unwavering commitment to environmental sustainability and community enrichment.

"Nortech's support of Neighborhood Forests is a testament to our dedication to innovative, green technologies," said Jay D. Miller, President and CEO of Nortech. "We are proud to contribute to a program that not only enhances our environment but also strengthens our communities. By supporting Neighborhood Forests, Nortech is helping to create lasting connections between people and nature, fostering a sense of responsibility and stewardship for the planet."

Nortech's mission, vision and values, including innovation, are at the heart of this initiative. Nortech's commitment to innovation and the development of technology platforms that are lighter, faster, and more sustainable helps to reduce its customers' overall carbon footprint. By integrating digital transformation strategies with sustainable engineering initiatives, Nortech is reimaging connections from traditional copper cables to fiber optic technology that is higher-performance, lower cost, and significantly less carbon-intensive.

Neighborhood Forests is dedicated to planting trees in urban areas, fostering greener, healthier communities. Since its inception, Neighborhood Forests has planted thousands of trees across various cities, significantly enhancing urban green spaces and contributing to improved air quality, reduced urban heat islands, and increased biodiversity. The program's impact includes the planting of over 25 million urban trees annually in the U.S., which adds an additional 353 million tons of carbon storage.

For more information about Neighborhood Forests and how you can get involved, please visit https://www.neighborhoodforest.org/

About Nortech Systems Incorporated

Nortech Systems is a leading provider of design and manufacturing solutions for complex electromedical devices, electromechanical systems, assemblies, and components. Nortech primarily serves the medical imaging, medical device, aerospace & defense, and industrial markets. Its design services span concept development to commercial design, and include medical device, software, electrical, mechanical, and biomedical engineering. Its manufacturing and supply chain capabilities are vertically integrated around wire, cable, and interconnect assemblies, printed circuit board assemblies, as well as system-level assembly, integration, and final test. Headquartered in Maple Grove, Minn., Nortech currently has six manufacturing locations and design centers across the U.S., Latin America, and Asia. Nortech Systems is traded on the NASDAQ Stock Market under the symbol NSYS. Nortech's website is www.nortechsys.com.

Forward-Looking Statements

This press release contains forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 including without limitation statements regarding future financial results, gaining approval of customers relating to moving production from one facility to another Company-owned facility, strengthening of customer relationships, achieving long-term strategic goals, effects of restructuring and consolidating manufacturing facilities, sustained long-term health and growth, ability to scale our business, reducing cost structure and optimism about customer pipeline. While this release is based on management's best judgment and current expectations, actual results may differ materially from those expressed or implied and involve a number of risks and uncertainties. Important factors that could cause actual results to differ materially from the forward-looking statements include, without limitation: (1) commodity cost increases coupled with challenges in raising prices and/or customer pressure to reduce prices; (2) supply chain disruptions leading to shortages of critical components; (3) volatility in market conditions which may affect demand for the Company's products; (4) increased competition and/or reduced demand; (5) changes in the reliability and efficiency of operating facilities or those of third parties; (6) risks related to the availability of labor; (7) the unanticipated loss of any key member of senior management; (8) geopolitical, economic, financial and business conditions; (9) the Company's ability to steadily improve manufacturing output and product quality; (10) the impact of global health epidemics on our customers, employees, manufacturing facilities, suppliers, the capital markets and our financial condition; or (11) challenges with customers with respect to moving production from one facility to another Company-owned facility. Some of the above-mentioned factors are described in further detail in the section entitled "Risk Factors" in our annual and quarterly reports, as applicable. You should assume the information appearing in this document is accurate only as of the date hereof, or as otherwise specified, as our business, financial condition, results of operations and prospects may have changed since such date. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the United States Securities and Exchange Commission, we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, to reflect actual results or changes in factors or assumptions affecting such forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250422122306/en/

Andrew D. C. LaFrence
Chief Financial Officer and Senior Vice President of Finance
alafrence@nortechsys.com
952-345-2243

Source: Nortech Systems Incorporated