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SMTC Corp. and FICOSA announce strategic arrangement

SMTC Corporation and FICOSA International announce the signing of a strategic manufacturing agreement. Under this agreement, Ficosa will transition the manufacturing of select programs to SMTC's Suzhou plant in China. Under the terms of the strategic manufacturing agreement, SMTC will provide Ficosa with a range of automotive electronics manufacturing services at SMTC's facility in Suzhou.