Nortech Systems

Nortech Systems, Inc. operates as an electronic manufacturing services company. The firm offers a full range of value-added engineering, technical and manufacturing services and support including project management, designing, testing, prototyping, manufacturing, supply chain management and post-market services. Its manufacturing and engineering services include complete medical devices, printed circuit board assemblies, wire and cable assemblies, and complex higher-level electromechanical assemblies. The firm serves the Aerospace & Defense, Industrial & Commercial and Medical markets. The company was founded in December 1990 and is headquartered in Maple Grove, MN.

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Nortech Systems reports solid Q1 results, plans facility consolidation

Nortech Systems demonstrated financial stability and operational efficiency in Q1 2024, with a focus on optimizing facilities and driving innovation.
While facing challenges from shifting customer ordering trends, the company's strategic actions position them well for future growth and competitiveness.
Opportunities in fiber optic technology, IoT applications, and cost-saving initiatives offer avenues for Nortech Systems to enhance market position and profitability.

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MINNEAPOLIS--(BUSINESS WIRE)--Nortech Systems Incorporated (Nasdaq: NSYS) (the “Company”) today is announcing that on December 31, 2021, the Company executed a sixth amendment to its Bank of America (“BOA”) Loan and Security Agreement (“Credit Facility”). Nortech entered into the original agreement on June 15, 2017 and it was set to expire on June 15, 2022. Nortech and BOA have agreed to renew the Credit Facility and extend the maturity date four years until June 15, 2026. Under the Credit Faci

Nortech Systems Extends its Bank of America Credit Facility Until June 2026

MINNEAPOLIS--(BUSINESS WIRE)--Nortech Systems Announces $6.1 million PPP Loan Forgiveness

Nortech Systems Announces $6.1 million PPP Loan Forgiveness

Nortech Systems Incorporated (NSYS) CEO Jay Miller on Q3 2021 Results - Earnings Call Transcript

MINNEAPOLIS--(BUSINESS WIRE)--Nortech Systems Incorporated (Nasdaq: NSYS) (the “Company”), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets, reported net sales of $29.5 million for the quarter ended September 30, 2021, an increase of 11.7% compared to $26.4 million for the third quarter of 2020. The revenue improvement was primarily due to higher production

Nortech Systems Announces Third Quarter 2021 Results

MINNEAPOLIS--(BUSINESS WIRE)--Nortech Systems to Hold Third Quarter Conference Call on November 11

Nortech Systems to Hold Third Quarter Conference Call on November 11

MINNEAPOLIS--(BUSINESS WIRE)--Nortech Systems Incorporated (Nasdaq: NSYS), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets, announced today it will release its fiscal 2021 third quarter financial results for the period ended September 30, 2021 before the markets open on Thursday, November 11, 2021. About Nortech Systems Incorporated Nortech Systems is a lea

Nortech Systems to Report Fiscal 2021 Third Quarter Financial Results on November 11, 2021

MINNEAPOLIS--(BUSINESS WIRE)--Nortech Systems Incorporated (Nasdaq: NSYS) (the “Company”), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets, reported net sales of $30.2 million for the quarter ended June 30, 2021, an increase of 36.7% compared to $22.1 for the first quarter of 2021 and an increase of 14.0% compared to $26.5 million for the second quarter of

Nortech Systems Announces Second Quarter 2021 Results

MINNEAPOLIS--(BUSINESS WIRE)--Nortech Systems Incorporated (Nasdaq: NSYS), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets, announced today it will release its fiscal 2021 second quarter financial results for the period ended June 30, 2021 before the markets open on Thursday, August 12. About Nortech Systems Incorporated Nortech Systems is a leading provide

Nortech Systems to Report Fiscal 2021 Second Quarter Financial Results on August 12, 2021

MINNEAPOLIS--(BUSINESS WIRE)--Nortech Systems Incorporated (Nasdaq: NSYS) (the “Company”), today announced it has reached a bilateral Cooperation and Project Funding Agreement by and among Nortech Systems, Inc, Marpé Technologies (Marpé), and the BIRD (Israel-U.S. Binational Industrial Research and Development) Foundation. The agreement provides a conditional grant to Marpé Technologies and Nortech Systems to develop a total-body tele-dermatology scanning system. By using advanced scanning, sop

Nortech Systems announces Cooperation and Project Funding Agreement with Marpé Technologies and the BIRD Foundation

MINNEAPOLIS--(BUSINESS WIRE)--Nortech Systems Incorporated (Nasdaq: NSYS), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets, announced today that Chief Executive Officer Jay D. Miller and Chief Financial Officer Chris Jones have each adopted a prearranged trading plan under Rule 10b5-1 of the Securities exchange Act of 1934 to purchase shares of Nortech's co

Nortech Systems Announces Establishment of Two 10b5-1 Trading Plans

MINNEAPOLIS--(BUSINESS WIRE)--Nortech Systems Incorporated (Nasdaq: NSYS) (the “Company”), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets today announced that it is applying for the Employee Retention Credit (“ERC”) to support ongoing investment in Nortech's frontline workforce and to drive increased manufacturing output to meet customers' rising demand fo

Nortech Systems to Apply for the Employee Retention Credit (ERC)

MINNEAPOLIS--(BUSINESS WIRE)--Nortech Systems Incorporated (Nasdaq: NSYS), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets, today announced the addition of Stacy Kruse to its board of directors. Ms. Kruse will contribute strategic capabilities in finance and operations to support Nortech's growth initiatives and profitability objectives. Ms. Kruse currently

Nortech Systems Announces the Addition of Stacy Kruse to its Board of Directors

MINNEAPOLIS--(BUSINESS WIRE)--Nortech Systems Incorporated (Nasdaq: NSYS) (the “Company”), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets, reported net sales of $22.1 million for the quarter ended March 31, 2021, a decline of 19.6% compared to $27.4 for the first quarter of 2020. The decline was primarily due to COVID-related factors including supply chain

Nortech Systems Announces First Quarter 2021 Results

MINNEAPOLIS--(BUSINESS WIRE)--Nortech Systems Incorporated (Nasdaq: NSYS) (the “Company”), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets, announced today it will release its fiscal 2021 first quarter financial results for the period ended March 31, 2021 before the markets open on Thursday, May 13. About Nortech Systems Incorporated Nortech Systems is a le

Nortech Systems to Report Fiscal 2021 First Quarter Financial Results on May 13, 2021

MINNEAPOLIS--(BUSINESS WIRE)--Nortech Systems Incorporated (Nasdaq: NSYS) (the “Company”), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets, reported net sales of $104.1 million for the year ended December 31, 2020, a decline of 10.5% compared to $116.3 for fiscal 2019. The decline was primarily due to reduced demand from medical and industrial customers imp

Nortech Systems Announces 2020 Results

MINNEAPOLIS--(BUSINESS WIRE)--Nortech Systems Incorporated (Nasdaq: NSYS), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets, announced today Phil Smith and Dan Sachs were recently appointed to the company's board of directors. “We are happy to welcome Mr. Smith and Dr. Sachs to our board of directors,” said Jay Miller, Nortech's Systems' president and CEO. “

 Nortech Systems Announces Two New Board Members

MINNEAPOLIS--(BUSINESS WIRE)--Nortech Systems Incorporated (Nasdaq: NSYS) (the “Company”), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets, reported net sales of $26.3 million for the third quarter ended September 30, 2020, compared with $30.1 million for the third quarter of 2019. Operating income for the third quarter of 2020 was $2.7 million which includ

Nortech Systems Announces Third-Quarter 2020 Results

MINNEAPOLIS--(BUSINESS WIRE)--Nortech Systems Incorporated (Nasdaq: NSYS), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets, named Christopher D. Jones as Chief Financial Officer and Senior Vice President of Finance effective today. “We are very pleased that Chris has joined Nortech's team as the leader of the global finance team. He brings the experience, e

Nortech Systems Names Christopher D. Jones CFO & Senior Vice President of Finance

MINNEAPOLIS--(BUSINESS WIRE)--Nortech Systems Incorporated (Nasdaq: NSYS), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets, announced that it has completed the sale and leaseback transactions for its manufacturing facilities in Bemidji and Mankato, Minnesota at a sale price of $6.3 million. The proceeds from the sale will be used to pay down debt as well as

Nortech Systems Announces Completion of Sale-Leaseback

MINNEAPOLIS--(BUSINESS WIRE)--Nortech Systems Incorporated (Nasdaq: NSYS), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets, has announced today that Connie Beck has tendered her resignation as Chief Financial Officer of the company effective August 28, 2020. Ms. Beck is leaving Nortech to pursue an executive position at a private, Minnesota based company.

Nortech Systems Announces CFO Resignation & New CFO Search

MINNEAPOLIS--(BUSINESS WIRE)--Nortech Systems Incorporated (Nasdaq: NSYS), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets, reported net sales of $26.5 million for the second quarter ended June 30, 2020, compared with $27.3 million for the second quarter of 2019. Operating income for the second quarter of 2020 was $49,000, which compares with an operating l

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