|Standex's Spincraft Achieves United Technologies Corporation Supplier Gold Status for Second Consecutive Year|
SALEM, N.H., Mar 31, 2011 (BUSINESS WIRE) --
Standex International Corporation(NYSE:SXI) today announced that the Spincraft Massachusetts unit of its Engineering Technologies Group has earned United Technologies Corporation's (NYSE:UTX) Supplier Gold status for the second consecutive year. Spincraft supplies a variety of complex assemblies and components for aerospace and energy applications to the United Technologies Corporation's (U.T.C.) Pratt & Whitney division. U.T.C.'s Supplier Gold program was established to "facilitate and accelerate superior supplier performance and to recognize suppliers for their exceptional performance."
Spincraft achieved Supplier Gold recertification by earning high marks once again in several key areas for a second consecutive 12-month period. The company demonstrated continued excellence in quality and delivery, performed well in a customer feedback analysis of cost, quality and service, and received high marks in U.T.C.'s demanding on-site Lean assessment. Furthermore, out of 2,100 suppliers enrolled in the U.T.C. Supplier Gold Program, Spincraft Massachusetts is one of only 107 who have achieved Gold Certification.
"We are pleased and honored to have achieved Supplier Gold status for the second year in a row, and extend our sincere thanks to U.T.C. for including us in this prestigious program," said Len Paolillo, President of the Standex Engineering Technologies Group. "Spincraft has long been dedicated to continuous improvement, and Supplier Gold recertification is tangible evidence of the progress we are making on this ongoing journey. We view the Supplier Gold assessment process as an opportunity to work collaboratively with the outstanding team at Pratt & Whitney to enhance our operational performance and deliver higher levels of quality and service - not only to Pratt & Whitney and other U.T.C. companies, but to all of our valued customers."
About the Standex Engineering Technologies Group
Operating as three business units, the Standex Engineering Technologies Group is a key supplier of complex assemblies and components to the aerospace, aviation, energy, marine, medical, and oil & gas industries. Using a range of comprehensive metal working and assembly processes, the group delivers integrated, single-source manufacturing solutions for complex components and assemblies of every scope. With locations in North Billerica, Massachusetts, New Berlin, Wisconsin, and in Newcastle upon Tyne, U.K. the company offers world-class capabilities for metal spinning, heat-treating, machining, welding and fabrication for virtually all workable metal alloys. Their components and assemblies can be found in today's most advanced space launch vehicles, commercial and military aircraft, naval propulsion systems, land-based gas turbines, and critical medical devices. For more information, visit the Group's website at http://www.spincraft.net.
Standex International Corporation is a multi-industry manufacturer in five broad business segments: Food Service Equipment Group, Air Distribution Products Group, Engineering Technologies Group, Engraving Group and the Electronics and Hydraulics Group with operations in the United States, Europe, Canada, Australia, Singapore, Mexico, Brazil, India, Turkey and China. For additional information, visit the Company's website at www.standex.com.
SOURCE: Standex International Corporation
Standex International Corporation