Eden Prairie, Minn. – June 25, 2015 – MTS Systems Corporation (NASDAQ: MTSC), a leading global supplier of high-performance test systems and position sensors, announced today that they have been selected by the Korea Institute of Science and Technology (KIST) to supply advanced mechanical testing equipment to be used in KIST's research programs. KIST is investigating the use of new composite materials as they research how to improve the performance and fuel efficiency of airplanes and vehicles.
"This will be the first system of this kind in South Korea and we are very pleased with our decision to work with MTS to design and manufacture it for us," stated Dr. Jun-Kyung Kim, Jeonbuk Branch Composite Material Technology Institute Director General of KIST. "The system will offer the complete capabilities that we need to continue and expand our research in the field of composite materials science, with our goal to become the world's leading researcher in this area."
Founded in 1966, KIST is the premiere Korean institute dedicated to the exploration, discovery and development of new materials for the aerospace and automotive industries. The test system supplied by MTS will be used to determine the physical properties of newly developed and existing composite materials. These new, advanced materials are designed to be lightweight for energy efficiency, while possessing the strength and resiliency to withstand the extreme environments of aircraft, and the durability and performance needed in vehicle development.
"KIST is the oldest and one of the most prestigious research institutes in Korea dedicated to science and technology for economic development. We are proud that they have selected MTS for collaboration in advanced materials testing," stated Dr. Jeffrey Graves, Chief Executive Officer and President of MTS. "MTS has had the privilege of helping establish knowledge centers such as these around the world. We look forward to continued success and new discoveries with KIST in the years ahead."
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.