Nortech Systems Inc (NSYS) company profile

Nortech Systems Incorporated provides engineering design and manufacturing solutions for complex electromedical devices, electromechanical systems, assemblies, and components. Operating within the contract manufacturing segment of the electronics manufacturing services industry, the company delivers engineering, technical, and manufacturing services across the product life cycle. Its offerings include medical devices, printed circuit board assemblies, wire and cable assemblies, and box-build higher-level assemblies. Nortech Systems serves original equipment manufacturers across four principal target markets: medical devices, medical imaging, aerospace and defense, and industrial applications.

Headquartered in Maple Grove, Minnesota, the company operates across the United States, Mexico, and China. Its physical footprint encompasses domestic facilities in Minnesota, including an FDA-registered operation in Milaca, as well as leased manufacturing plants located in Monterrey, Mexico, and Suzhou, China. Nortech Systems employs 685 full-time personnel alongside 28 part-time or temporary workers across its corporate administration, manufacturing, technical support, and commercial operations.

Summary of the business section of Nortech Systems's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.

“We have 878 full-time, 58 part-time and 5 temporary employees as of December 31, 2007.”