EDEN PRAIRIE, MN, Feb. 1, 2016 /PRNewswire/ -- MTS Systems Corporation (NASDAQ: MTSC), a leading global supplier of high-performance test systems and position sensors, has announced the formal opening of its Indian sales and service office in Chennai. MTS has been doing business in India for more than 35 years and, with the Chennai facility, the company will continue to expand upon its strong sales and service presence in India. In addition, MTS is recruiting the best in local engineering talent, so that it can support the technical and logistical requirements of its customers in the region.
As part of the opening ceremony, a reception was held at the new MTS office. This was attended by 110 representatives from MTS' valued customers, colleagues and dignitaries in India. Dr. Jeffrey Graves, MTS' President and Chief Executive Officer, travelled to India to join the celebration and to learn more about the important work of MTS' Indian customers. Dr. Graves also shared the company's strategy for addressing the rapidly expanding Indian market, particularly the automotive, aerospace, manufacturing and rail transportation sectors. During his address, Dr. Graves announced plans to establish a headquarters in Bangalore early next year to expand MTS' R&D and IT capabilities in support of the Indian customer base.
"India has been a key part of our global commercial activities for decades and we see a host of exciting possibilities ahead that will generate growth for both MTS and our customers," says Dr. Graves. "Government programs like 'Make India' and 'Digital India' are bringing new vibrancy to the country's economy, encouraging the establishment of India as a major power in engineering and technology."
According to Umesh Krishnappa, President - MTS India, "The excitement expressed by our customers and colleagues regarding MTS' commitment to this region is inspiring. I could not be more proud to work with such an innovative, customer-focused global organization."
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 2,400 employees as of October 3, 2015 and revenue of $564 million for the fiscal year ended October 3, 2015. Additional information on MTS can be found at http://www.mts.com.
This release contains "forward-looking statements" regarding financial projections 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 are used to identify these forward-looking statements.
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 discussion of the risks associated with our business, see the "Risk Factors" section in the Company's most recent SEC 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.
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