SMTC Corp Appoints Currie as Interim CFO, Bailey to Continue as Director and Chairman of the Board

SMTC Corporation SMTX ("SMTC"), a global electronics manufacturing services provider, today announced the appointment of Jim Currie as its Interim Chief Financial Officer effective April 16, 2014. With this appointment, Clarke H. Bailey will continue to serve as a Director and Chairman of the Board. Mr. Currie has provided services as a financial executive to a number of public and private companies. Most recently, Mr. Currie was with Kapsch Trafficcom IVHS Inc. where he was employed from 2009 to 2012 as Vice President Finance and Chief Financial Officer. He was responsible for financial management of that company's high technology research and development and manufacturing with sales in excess of $75 million. Previously, he was employed with the AB Sciex LP and MDS Analytical Technologies divisions of MDS Inc. from 2001 until its acquisition by Danaher Corporation in 2009. He was Vice President Finance and responsible for financial management of that company's global high technology research and development and manufacturing of medical equipment with sales in excess of $600 million. Mr. Currie has led various financial initiatives including significant mergers and acquisitions as well as developing strategic business proposals resulting in substantial cost savings. "We are pleased to welcome Jim to SMTC and are confident that with his extensive experience he will continue to lead and deliver on the successes we have had over the past year. We look forward to Jim's assistance in the refinement of our controls and processes and in the leadership of our financial staff," stated CEO and President Sushil Dhiman. "With Jim joining SMTC as Interim CFO, Clarke will continue to serve on the Board as the Chairman and a Director. On behalf of the Board and shareholders I would like to thank Clarke for his support and guidance this past year. Clarke played a vital role in efforts to drive down working capital, developed action plans on key issues in addition to improving our relationship with the bank," stated CEO and President Sushil Dhiman.