Nortech Systems Names Jay D. Miller President and CEO

Industry Veteran Brings Deep Experience in Medical Imaging and Medical
Devices

MINNEAPOLIS–(BUSINESS WIRE)–Nortech Systems Incorporated (NASDAQ: NSYS) today named Jay D. Miller as
president and chief executive officer, effective February 27. He has
been serving as interim president since January 1 and has been an
independent director of the company since May 2018.


“We are pleased that Jay will guide Nortech Systems into the future
because he brings the vision, leadership and experience necessary for us
to achieve our next chapter of growth,” said David Kunin, chairman of
Nortech’s board of directors. “Our national executive search process was
widespread and rigorous, as we evaluated numerous qualified candidates,”
added Kunin. “After careful review, Jay’s unique combination of
management experience, technical background and deep familiarity with
our business made him an outstanding choice.” Kunin also credited
Miller’s important role in strategic planning, his seamless transition
from board member and the enthusiastic reception he has received from
senior management across all locations.

Kunin cited Miller’s excellent marketing credentials and robust
understanding of the medical imaging and medical device markets,
including both emerging and established technology platforms supported
by Nortech. The medical market has posted strong growth for Nortech the
past few years, fueled in part by the company’s expanding engineering
capabilities.

Commenting on his new role, Miller said, “Nortech aspires to be the most
innovative and nimble engineering and manufacturing services company in
the Upper Midwest, while taking great care of our employees, customers
and vendor partners.” He added, “Nortech’s greatest strength will always
be our skilled and dedicated employees, and I’m looking forward to
working even more closely with this very talented team.” Miller noted
that the company’s cutting-edge engineering and manufacturing services
continue to evolve to better serve customers across the medical,
industrial, defense and aerospace industries.

In recent years, Nortech’s strategic investments in the U.S., Mexico and
China have diversified the company’s capabilities and improved
efficiencies to enhance profitability and support future growth. For
example, the Nortech medical device product development group, which
helps clients accelerate the commercialization process from ideation
through manufacturing, recently relocated to Nortech’s headquarters in
Maple Grove, Minn.

“I believe in our growth strategy – including leveraging these
investments – as the best path to enhancing shareholder value, which
remains a top priority of our entire management team,” Miller commented.

Miller brings Nortech broad executive leadership and business experience
with a wide range of medical technology companies. He also serves on the
boards of a number of medical imaging and medical device companies.
Previously Miller held CEO positions with IMRIS, Inc., Zonare, Inc. and
Vital Images, Inc., in the medical imaging industry. Earlier in his
career Miller worked for the medical divisions of both Siemens and GE.

He earned a master’s degree of business administration in marketing and
management from the Kellogg School of Management at Northwestern
University, a master’s degree in biomedical engineering from the
University of Virginia and a bachelor’s degree in chemistry from
Dartmouth College.

Chairman David Kunin reiterated the company’s gratitude to Miller’s
predecessor, Rich Wasielewski, who is retiring after 15 years with
Nortech Systems as previously announced. Wasielewski joined the company
in 2004 as vice president and chief financial officer; he was named
senior vice president in 2008 and president and CEO in 2014. “Rich made
invaluable contributions to strengthening Nortech’s foundation and
spearheading our evolution into a global solutions provider,” concluded
Kunin. “We appreciate his assistance to Jay and our entire leadership
team throughout this transition and wish him the very best in his
retirement.”

About Nortech Systems Incorporated
Nortech
Systems (www.nortechsys.com),
based in Maple Grove, Minn., is a full-service engineering and
electronics manufacturing services (EMS) provider of complex
interconnect solutions, printed circuit board assemblies, higher-level
assemblies and box builds. Markets served include medical device,
industrial and commercial equipment, aerospace and defense. Nortech has
a range of specialized, high-tech facilities in the U.S., Latin America
and Asia used for customized design, manufacture, testing and repair of
its solutions. Nortech Systems is traded on the NASDAQ Stock Market
under the symbol NSYS.

Forward-Looking Statements
This
press release contains forward-looking statements made pursuant to the
safe harbor provision of the Private Securities Litigation Reform Act of
1995. While this release is based on management’s best judgment and
current expectations, actual results may differ and involve a number of
risks and uncertainties. Important factors that could cause actual
results to differ materially from the forward-looking statements
include, without limitation: volatility in market conditions which may
affect market supply of and demand for the company’s products; increased
competition; changes in the reliability and efficiency of operating
facilities or those of third parties; risks related to availability of
labor; commodity and energy cost instability; general economic,
financial and business conditions that could affect the company’s
financial condition and results of operations; as well as risk factors
listed from time to time in the company’s filings with the SEC.

Contacts

Connie Beck
Nortech Systems Incorporated
(952) 345-2244
or
Warren
Djerf
Brookside Communications Group
952-920-3908 / [email protected]

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