For Immediate Release
Mississauga ON Canada, 4 November 2002 - Microsys
Technologies announced today the opening of a new sales
and support office in Monterrey, Mexico. This office
will enable Microsys to improve customer support in the
region, and is in response to growing demand for
Microsys test products and solutions in Mexico and Latin
America. Microsys is pleased to announce that Mr.
Francisco Tamayo-Broes will head up this expansion.
The level of Microsys business within Mexico has been
steadily increasing and today represents over 20% of the
current installed base for SureFire, Microsys' industry
leading automotive occupant safety test system. This move
clearly highlights the importance of it's Mexican
customer base and puts Microsys in position to
aggressively expand business operations within the
region.
Corey Miller, Microsys' President said: "Mexico
has been one of our major markets for SureFire airbag
and seatbelt pretensioner test systems, and the opening
of a direct sales and support office is an essential
part of our strategy to have a major presence in all of
the world's top automotive markets."
Mexico is currently the world's 10th largest
worldwide producer of automotive vehicles and growing
rapidly. Mexican exports of autos and auto parts totaled
US$29 billion in 1999. More than US$5 billion has been
invested by automotive manufacturers and suppliers in
Mexico's auto industry in the past three years.
Another US$15 billion is expected over the next three
years.
Contact Francisco
Tamayo-Broes.