{"id":399449,"date":"2020-12-14T17:03:27","date_gmt":"2020-12-14T22:03:27","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=399449"},"modified":"2020-12-14T17:03:27","modified_gmt":"2020-12-14T22:03:27","slug":"nortech-systems-announces-two-new-board-members","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nortech-systems-announces-two-new-board-members\/","title":{"rendered":"Nortech Systems Announces Two New Board Members"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\">\n\u00a0<b>Nortech Systems Announces Two New Board Members<\/b><\/p>\n<p>MINNEAPOLIS&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<span style=\"font-weight:normal\">Nortech Systems Incorporated (Nasdaq: NSYS), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace &amp; defense and industrial markets, announced today Phil Smith and Dan Sachs were recently appointed to the company\u2019s board of directors.<\/span><\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20201214005825\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201214005825\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 320px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201214005825\/en\/846660\/4\/Dan_Sachs_Headshot.jpg\" alt=\"Dan Sachs (Photo: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">Dan Sachs (Photo: Business Wire)<\/p>\n<\/div>\n<p><span style=\"font-weight:normal\">\u201cWe are happy to welcome Mr. Smith and Dr. Sachs to our board of directors,\u201d said Jay Miller, Nortech\u2019s Systems\u2019 president and CEO. \u201cIn recent years, Nortech\u2019s strategic investments in the U.S., Mexico and China, coupled with important measures taken to strengthen its balance sheet, have diversified the company\u2019s capabilities and improved efficiencies to enhance profitability and support future growth.\u201d Miller added, \u201cPhil and Dan bring a wealth of management and financial expertise to help guide and oversee that future growth and profitability.\u201d <\/span><\/p>\n<p><span style=\"font-weight:normal\">Mr. Smith\u2019s 25 years of healthcare experience includes investment banking as well as executive management. Mr. Smith currently serves as a Managing Director of the Healthcare M&amp;A practice at Duff &amp; Phelps, an investment banking firm that provides valuation, corporate finance and other services. He has expertise in assisting public and private companies as well as private equity firms. Prior to Duff &amp; Phelps, he held positions at BMO Capital Markets (formerly Greene, Holcomb and Fisher), where he focused on healthcare mergers and acquisitions. Before that, he was a member of the medical device investment banking team at Piper Jaffray in Minneapolis. Earlier in his career, Smith served as an executive for DIGIMED Ortho, Vital Images, Thermonix and Image-Guided Neurologics. Smith began his career as a successful sales leader at GE Medical Systems (now GE Healthcare). Smith received an MBA from the Wharton School of the University of Pennsylvania and a B.S. in electrical engineering from the University of Florida.<\/span><\/p>\n<p><span style=\"font-weight:normal\">Dr. Sachs brings broad experience as a medical professional, investor, and entrepreneur with a keen focus on medical device technology and startups. Dr. Sachs is a founder of Respicardia, Inc. (FKA Cardiac Concepts), and Mainstay Medical Inc., and Program Director of the Innovation Fellows Program within the Institute for Engineering in Medicine at the University of Minnesota. He was previously a venture capital investor with Investor Growth Capital and Spray Venture Partners, for which he was the founding investor in CoTherix, Inc. (CTRX, FKA Exhale Therapeutics), Neuronetics, Inc. (STIM), and other private companies. He served on the Board of Directors of Neuronetics, Inc., CoTherix, Inc. (acquired), CHF Solutions Inc. (acquired), Respicardia, Inc, and Mainstay Medical, Inc. He previously served as Instructor in Medicine in the Division of Emergency Medicine at Harvard Medical School. Dr. Sachs earned BA and MD degrees from the University of Michigan, and an MBA from Harvard Business School. <\/span><\/p>\n<p><span style=\"font-weight:normal\">Nortech specializes in complex cable harnesses, printed circuit board assemblies (PCBAs) and box builds for low-volume, high-mix global engineering development and manufacturing. Nortech\u2019s 30-year history and rapidly growing expertise in digital connectivity and data management helps its customers stay competitive today and well into the future. <\/span><\/p>\n<p><i>Nortech uses intelligence, innovation, speed, and global expertise to provide high-quality, high performance engineering and manufacturing solutions to resolve our customers\u2019 most important challenges to be leaders in secure, reliable digital connectivity &amp; data management. Nortech strives to be a premier workplace that fosters valued relationships internally and in our communities.<\/i><\/p>\n<p><b><span class=\"bwuline\">About Nortech Systems Incorporated<\/span><\/b> Nortech Systems is a leading provider of design and manufacturing solutions for complex electromedical devices, electromechanical systems, assemblies, and components. Nortech Systems primarily serves the medical, aerospace &amp; defense, and industrial markets. Its design services span concept development to commercial design, and include medical device, software, electrical, mechanical, and biomedical engineering. Its manufacturing and supply chain capabilities are vertically integrated around wire\/cable\/interconnect assemblies, printed circuit board assemblies, as well as system-level assembly, integration, and final test. Headquartered in Maple Grove, Minn., Nortech currently has seven manufacturing locations and design centers across the U.S., Latin America, and Asia. Nortech Systems is traded on the NASDAQ Stock Market under the symbol NSYS. Nortech\u2019s website is <span class=\"bwuline\"><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.nortechsys.com&amp;esheet=52348379&amp;newsitemid=20201214005825&amp;lan=en-US&amp;anchor=www.nortechsys.com&amp;index=1&amp;md5=d087c4e4ca5032c185bb2c3f485b41d1\">www.nortechsys.com<\/a><\/span>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201214005825r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201214005825\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201214005825\/en\/<\/a><\/span><\/p>\n<p>\nJay Miller, President and CEO<br \/>\n<br \/>(612) 720-2829\n<\/p>\n<p><b>KEYWORDS:<\/b> Minnesota United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Manufacturing Technology Medical Devices Engineering Aerospace Manufacturing Hardware Health Data Management<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201214005825\/en\/648499\/3\/Nortech_Logo-2018.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201214005825\/en\/846660\/3\/Dan_Sachs_Headshot.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Dan Sachs (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201214005825\/en\/846661\/3\/Philip_Smith_1027_159x202.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Philip Smith (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Nortech Systems Announces Two New Board Members MINNEAPOLIS&#8211;(BUSINESS WIRE)&#8211;Nortech Systems Incorporated (Nasdaq: NSYS), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace &amp; defense and industrial markets, announced today Phil Smith and Dan Sachs were recently appointed to the company\u2019s board of directors. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20201214005825\/en\/ Dan Sachs (Photo: Business Wire) \u201cWe are happy to welcome Mr. Smith and Dr. Sachs to our board of directors,\u201d said Jay Miller, Nortech\u2019s Systems\u2019 president and CEO. \u201cIn recent years, Nortech\u2019s strategic investments in the U.S., Mexico and China, coupled with important measures taken to strengthen its balance sheet, have diversified the company\u2019s capabilities and improved &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nortech-systems-announces-two-new-board-members\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Nortech Systems Announces Two New Board Members&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-399449","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nortech Systems Announces Two New Board Members - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nortech-systems-announces-two-new-board-members\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nortech Systems Announces Two New Board Members - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"\u00a0Nortech Systems Announces Two New Board Members MINNEAPOLIS&#8211;(BUSINESS WIRE)&#8211;Nortech Systems Incorporated (Nasdaq: NSYS), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace &amp; defense and industrial markets, announced today Phil Smith and Dan Sachs were recently appointed to the company\u2019s board of directors. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20201214005825\/en\/ Dan Sachs (Photo: Business Wire) \u201cWe are happy to welcome Mr. Smith and Dr. Sachs to our board of directors,\u201d said Jay Miller, Nortech\u2019s Systems\u2019 president and CEO. \u201cIn recent years, Nortech\u2019s strategic investments in the U.S., Mexico and China, coupled with important measures taken to strengthen its balance sheet, have diversified the company\u2019s capabilities and improved &hellip; Continue reading &quot;Nortech Systems Announces Two New Board Members&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/nortech-systems-announces-two-new-board-members\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-14T22:03:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20201214005825\/en\/846660\/4\/Dan_Sachs_Headshot.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nortech-systems-announces-two-new-board-members\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nortech-systems-announces-two-new-board-members\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Nortech Systems Announces Two New Board Members\",\"datePublished\":\"2020-12-14T22:03:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nortech-systems-announces-two-new-board-members\\\/\"},\"wordCount\":761,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nortech-systems-announces-two-new-board-members\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20201214005825\\\/en\\\/846660\\\/4\\\/Dan_Sachs_Headshot.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nortech-systems-announces-two-new-board-members\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nortech-systems-announces-two-new-board-members\\\/\",\"name\":\"Nortech Systems Announces Two New Board Members - 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View the full release here: https:\/\/www.businesswire.com\/news\/home\/20201214005825\/en\/ Dan Sachs (Photo: Business Wire) \u201cWe are happy to welcome Mr. Smith and Dr. Sachs to our board of directors,\u201d said Jay Miller, Nortech\u2019s Systems\u2019 president and CEO. \u201cIn recent years, Nortech\u2019s strategic investments in the U.S., Mexico and China, coupled with important measures taken to strengthen its balance sheet, have diversified the company\u2019s capabilities and improved &hellip; Continue reading \"Nortech Systems Announces Two New Board Members\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/nortech-systems-announces-two-new-board-members\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-14T22:03:27+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20201214005825\/en\/846660\/4\/Dan_Sachs_Headshot.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nortech-systems-announces-two-new-board-members\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nortech-systems-announces-two-new-board-members\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Nortech Systems Announces Two New Board Members","datePublished":"2020-12-14T22:03:27+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nortech-systems-announces-two-new-board-members\/"},"wordCount":761,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nortech-systems-announces-two-new-board-members\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20201214005825\/en\/846660\/4\/Dan_Sachs_Headshot.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nortech-systems-announces-two-new-board-members\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/nortech-systems-announces-two-new-board-members\/","name":"Nortech Systems Announces Two New Board Members - 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