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TTM Technologies, Inc. Completes Acquisition of Tyco Printed Circuit Group
For Immediate Release
 
SANTA ANA, CA - October 27, 2006 - TTM Technologies, Inc. (Nasdaq: TTMI), a leading manufacturer of time-critical and technologically advanced printed circuit boards (PCBs), today announced completion of the acquisition of the Tyco Printed Circuit Group business unit from Tyco International Ltd. (NYSE: TYC, BSX: TYC). Tyco Printed Circuit Group is a leading producer of complex, high performance and specialty printed circuit boards and one of the major suppliers of military and aerospace PCBs in North America.  
TTM Technologies
(ticker: TTMI, exchange: NASDAQ)
News Release:
10/27/2006
Steve Richards
Chief Financial Officer
714/241-0303
 
   
The purchase price of $226 million was financed with a $200 million, 6-year term loan and cash on the balance sheet. The term loan has no prepayment penalties and carries an interest rate of LIBOR + 225 basis points. TTM also has a $40 million unused revolving credit facility.  
   
"Tyco Printed Circuit Group has a strong reputation for its advanced technological capabilities and excellence in customer service," said Kent Alder, President and CEO of TTM Technologies. "Together, our diversified customer base and end-market exposure, expanded geographic presence, and additional purchasing leverage will make us a more formidable competitor with greater-than-ever opportunities for growth and profitability."  
   
Conference Call/Webcast

TTM will discuss the acquisition and respond to questions during its third quarter conference call hosted on Wednesday, November 1, 2006, at 4:30 p.m. Eastern/1:30 p.m. Pacific time. Telephone access is available by dialing 800-946-0783. The call also will be simulcast and available for replay until November 8, 2006, on the company's website, www.ttmtech.com.

  
   
TTM Technologies, Inc. is a leading supplier of time-critical and technologically advanced printed circuit boards to original equipment manufacturers and electronics 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.  
   
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding TTM Technologies' business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.