New Hiring Initiative
1110 Maple Street ¨ P.O. Box 300 ¨ Elma, New York 14059-0300 ¨ 716-655-5990 ¨ FAX 716-655-6012
SERVOTRONICS, INC. EXPANDS New HIRING INITIATIVE
TO SUPPORT PLANNED GROWTH EFFORTS
Elma, NY – Servotronics, Inc. (NYSE-MKT), a designer and manufacturer of servo-control components and other advanced technology products, plans to hire approximately 25 additional full-time employees at its recently expanded Elma, New York facility. This hiring initiative is in response to growing customer demand and to deliver new capabilities in Servotronics’ servo valve and motion control products. Servotronics has systematically increased its workforce by more than 20% over the past 12 months and the current hiring initiative is expected to increase the total headcount by an additional 10%.
“Maintaining an employee base with strong skill-sets is key to taking advantage of new opportunities in the industry,” said Kenneth D. Trbovich, President of Servotronics. “The Company is at historic levels of employment and this hiring program is a strategic initiative designed to increase our capacity even further. We are looking to recruit talented, experienced, motivated individuals across multiple departments while we continue to provide all our employees with career opportunities and ongoing training that promotes job advancement.”
The Company seeks qualified applicants for a wide range of positions on multiple shifts, including entry level, skilled labor, and senior management candidates. Available jobs include requisitions for a senior sales engineer, IT administrator, design engineers and draftsmen, machinists / toolmakers, CNC operators, technicians, assemblers, and quality inspectors. Prospective employees with aerospace / motion control industry experience or manufacturing experience with precision grinding, milling, lathe, deburring, EDM, and induction brazing operations are strongly encouraged to apply.
Applicants may download job applications for both posted positions and general consideration at http://www.servotronics.com/careers.htm. Completed applications may be emailed to email@example.com, attention Susan Szucs, Human Resources Manager.
Servotronics, Inc. is composed of two groups – the Advanced Technology Group (ATG) and the Consumer Products Group (CPG). The ATG primarily designs, develops and manufactures servo control and other components for various commercial and government applications (i.e., aircraft, jet engines, missiles, manufacturing equipment, etc.). The CPG designs and manufactures cutlery, bayonets, machetes and combat, survival, sporting, agricultural, and pocket knives for both commercial and government applications.
Certain paragraphs of this release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, such as those pertaining to the Company’s expectation of new business and success in its entry into new product programs. Forward-looking statements involve numerous risks and uncertainties. The Company derives a material portion of its revenue from contracts with agencies of the U.S. Government or their prime contractors. The Company’s business is performed under fixed price contracts and the following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: uncertainties in today’s global economy and global competition, difficulty in predicting defense appropriations, the vitality and ability of the commercial aviation industry to purchase new aircraft, the willingness and ability of the Company’s customers to fund long-term purchase programs, market demand and acceptance both for the Company’s products and its customers’ products which incorporate Company-made components and the ability of the Company to successfully execute its strategic plans. The success of the Company also depends upon the trends that affect the national and international economy. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management’s analysis only as of the date hereof. The Company assumes no obligation to update forward-looking statements.
SERVOTRONICS, INC. (SVT) IS LISTED ON NYSE MKT