U.S. Small Business Administration Names SBS Technologies, Inc. Region VI Subcontractor of the Year
SBS Technologies, Inc. (&8220;SBS&8221;) (Nasdaq: SBSE) today announced that it has been named the 2000 Region VI &8220;Small Business Subcontractor of the Year&8221; by the U.S. Small Business Administration. Raytheon Company, Electronic Systems, located in El Segundo, CA, one of SBS&8217; long-time leading industry customers, nominated SBS for this award. Recipients of this award at the regional level are nominees for the National &8220;Small Business Subcontractor of the Year&8221; award, which will be announced at the 33rd Annual Joint Industry SBA Procurement Conference June 12-14, 2000 in Washington, D.C. &8220;We are very honored to receive this distinction from the SBA, and are especially gratified to have received the nomination and endorsement from Raytheon, a technology leader in its markets,&8221; said Christopher J. Amenson, Chairman and Chief Executive Officer of SBS Technologies. &8220;We place great effort in providing high quality products and supporting them with careful customer service at SBS, and this effort has helped maintain our leadership position in the markets we serve, including defense, telecommunications, medical electronics and industrial automation and control. This recognition ratifies our continued focus on building customer satisfaction through technological leadership, product breadth, and overall service,&8221; added Amenson. &8220;The technical achievements and dedication to customer service demonstrated by SBS Technologies are great examples of the vital contribution that Small Businesses make to our nation's economic and technological stability,&8221; said Stephen Ogg, director of supply chain management at Raytheon Company's Electronic Systems. &8220;And SBS is to be congratulated for this important recognition by the U.S. Small Business Administration.&8221; Each year, the U.S. Small Business Administration honors small businesses that have provided the government and industry with outstanding goods and services, either as prime contractors or as subcontractors. A federal agency may nominate a small business for Small Business Prime Contractor of the Year, and a large prime contractor may nominate a small business for Small Business Subcontractor of the Year. To be nominated, the company must excel in overall management, technical capabilities, customer interface, quality performance, and exceptional results. Region VI of the U.S. Small Business Administration includes Arkansas, Louisiana, New Mexico, Oklahoma, and Texas. The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to assist small businesses, to preserve free competitive enterprise, and to maintain and strengthen the overall economy of our nation. The mission of the SBA, simply put, is to help small businesses succeed. The SBA provides financial assistance, business education and training, and procurement assistance programs to small businesses. During times of disaster, the SBA also serves as the nation&8217;s disaster bank, making loans to homeowners, renters and business owners to repair and replace damaged real estate and personal property. SBS Technologies, Inc. is a leading designer and manufacturer of open-architecture, standard bus embedded computer components that OEM system designers can easily utilize to create custom solutions. SBS embedded computers are used in a variety of applications, such as telecommunications, medical electronics, industrial control and aerospace. SBS customers include leading industry companies such as Lucent, Nokia, Ericsson, GE, PE Biosystems, Applied Materials, Lam Research, Boeing and Lockheed Martin. SBS product lines include CPU boards, general purpose and Wide Area Network input/output (I/O) modules, avionics interfaces, computer interconnection and expansion units, and integrated computing platforms. For news releases, product and other information, visit the SBS Web site at http://www.sbs.com. This release contains forward-looking statements regarding future events or the future financial performance of SBS, and are subject to a number of risks and other factors which could cause the actual results to differ materially from those contained in the forward-looking statements. Among such factors are: business and economic conditions generally, and in the markets addressed by SBS&8217; products; customer acceptance of and demand for SBS&8217; products; SBS&8217; ability to design, test and introduce new products on a timely basis; the cyclical nature of the markets addressed by SBS&8217; products; and the risk factors listed in SBS&8217; Form 10-K for the year ended June 30, 1999 filed with the Securities and Exchange Commission on September 23, 1999.