Eden Prairie, Minn. – March 02, 2015 – MTS Systems Corporation (NASDAQ: MTSC), a leading global supplier of high-performance test systems and position sensors, today announced the world-wide introduction of MTS Exceed™ Testing Systems, a new product line designed for the growing material testing market for manufacturing and quality assurance applications.
"With this new product line, MTS greatly expands our product offerings for the materials testing markets," stated Dr. William Bachrach, MTS Senior Vice President and General Manager of Test. "MTS has offered solutions into these markets for almost 50 years, and is known as a premier brand in the testing arena. This new line will enable greater access to MTS technology for a wider range of customers through focused applications, and increased breadth of accessories."
The MTS Exceed product line complements the MTS Criterion® products in the static or monotonic testing area. These systems are typically used in high-volume testing of various materials, including composites, metals, plastics and more. Designed and built by the global MTS engineering team, these systems meet global standards for accuracy, safety and efficiency.
"We are very excited about this product line's introduction to the global marketplace," shared Dr. Jeffrey Graves, President and Chief Executive Officer of MTS. "At MTS, we have a long history of high-performance testing solutions, and this line broadens our product portfolio to meet the needs of the growing high-volume manufacturing and quality assurance environments. These products enable us to continue our growth trajectory into emerging regions and new markets."
About MTS Systems Corporation
MTS Systems Corporation's testing hardware, software and services solutions help customers accelerate and improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures. MTS' high-performance position sensors provide controls for a variety of industrial and vehicular applications. MTS had 2,180 employees at September 27, 2014 and revenue of $564 million for the fiscal year ended September 27, 2014. Additional information on MTS can be found at http://www.mts.com.
MTS Criterion is a registered trademark and MTS Exceed is a trademark of MTS Systems Corporation in the United States. These trademarks may be protected in other countries. RTM No. 211177.
This release contains "forward-looking statements" made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that are subject to certain risks and uncertainties, as well as assumptions, that could cause actual results to differ materially from historical results and those presently anticipated or projected. Words such as "may," "will," "should," "expects," "intends," "projects," "plans," "believes," "estimates," "targets," "anticipates," and similar expressions identify forward-looking statements in the release.
Forward-looking statements are based on our current expectations and assumptions, which may not prove to be accurate. Many factors could cause actual results to differ materially and adversely from these forward-looking statements. For a more thorough discussion of the risks associated with our business, see the "Risk Factors" section in the Company's most recent Form 10-K, 10-Q and 8-K filings. Except as required by law, the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.