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| TTM Technologies, Inc. To Host Open House On May 5 Following Completion Of Its Chippewa Falls, Wisconsin Expansion In The First Quarter |
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| For Immediate Release |
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| SANTA ANA, CA - April 21, 2005 - TTM Technologies, Inc. (Nasdaq: TTMI), will host an open house at its Chippewa Falls, Wisconsin facility, following completion of its phase one expansion in the first quarter of 2005. Chippewa Falls is TTM's largest facility, serving the high-end, complex technology needs of some of its most sophisticated commercial customers. The expansion, which featured a 47,000 square foot addition, increased capacity by approximately 55 percent, at a capital cost of $10 million. |
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TTM Technologies
(ticker: TTMI, exchange: NASDAQ) |
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News Release:
04/21/2005 |
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Stacey Peterson
Chief Financial Officer
714/241-0303 |
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| "We made the decision to significantly expand our Chippewa Falls facility in response to increased customer demand and high capacity utilization rates," said Kent Alder, president and CEO of TTM Technologies. "Now we have the much needed capacity and the ability to better serve our customers." |
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| To mark the completion of the expansion, the company will host an open house at its Chippewa Falls facility, located at 234 Cashman Drive, on Thursday, May 5, 2005. The event will be open to the public, with a ribbon cutting ceremony and remarks from Dan Hedrington, Mayor of Chippewa Falls, and Kent Alder, CEO of TTM Technologies, from 1:00 p.m. to 2:00 p.m., and guided tours of the 240,000 square foot facility from 2:00 p.m. to 7:00 p.m. |
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| "To date, roughly 100 jobs have been added during the expansion, bringing total employment at the Chippewa Falls division to 1,050," said Tom Zwiefelhofer, Director of Human Relations at the Chippewa Falls Division. "And we plan to increase employment further in the first half of 2005." |
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| TTM Technologies, Inc. is a leading supplier of time-critical and technologically advanced printed circuit boards to original equipment manufacturers and electronic manufacturing services companies. TTM stands for time-to-market, representing how the company's time-critical, one-stop manufacturing services enable customers to shorten the time required to develop new products and bring them to market. |
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| This release contains forward-looking statements that relate to future events or performance. These statements reflect the company's current expectations, and the company does not undertake to update or revise these forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied in this or other company statements will not be realized. Furthermore, readers are cautioned that these statements involve risks and uncertainties, many of which are beyond the company's control, which could cause actual results to differ materially from the forward-looking statements. These risks and uncertainties include, but are not limited to, the company's dependence upon the electronics industry, the company's dependence upon a small number of customers, general economic conditions and specific conditions in the markets TTM addresses, the unpredictability of and potential fluctuation in future revenues and operating results, increased competition from low-cost foreign manufacturers, and other "Risk Factors" set forth in the company's most recent SEC filings. |
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