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PRESS RELEASE 14 OCTOBER 2013

SPECTRUM TECHNOLOGIES - WELSH LASER SYSTEMS SPECIALIST AIMS TO BECOME DRAGON IN CHINA
 

Spectrum Technologies PLC, a UK-based specialist in the design and
development of laser wire processing equipment for the aerospace industry,
has had a busy few years in the Chinese market following a number of major
contract awards from key aerospace manufacturers in the country. As a
result the company is changing its company status to become a FICE and is
moving to new larger offices in Shanghai.

Spectrum has had a presence in China since 2006 when the Company opened
its first Asia-Pacific office in Hong Kong with one Technical Sales
Engineer.  Spectrum subsequently employed a Field Service Engineer in
Beijing to support the growing customer base in the region.

In 2009, Spectrum replaced the Hong Kong office with a Representative
Office in Shanghai. The China office now employs a total of four people
including a Technical Sales Engineer and Sales & Marketing Assistant in
Shanghai, and a Technical Sales Engineer based in Shenzhen, in addition to
the Beijing based Service Engineer.

During this time Spectrum has established itself as the number one
supplier of wire marking equipment to the aerospace industry in China, as
well as to the rest of the world.

Spectrum has won a number of significant contracts in China, including
most recently the contract to supply Shanghai SAIFEI Aviation EWIS
Manufacturing Co. Ltd (SAIFEI) with a top of the range NovaT laser wire
marking system.

SAIFEI is a joint venture between Labinal the French Electrical Wiring and
Interconnect Systems (EWIS) giant and division of the Safran Group; and
Shanghai Aircraft Manufacturing Co., Ltd. (SAMC), a subsidiary of the
Commercial Aircraft Corporation of China (COMAC).  SAIFEI will be the
primary supplier of electrical wire harnesses for the COMAC C919 jet. This
system will bring the number of Spectrum UV laser wire markers installed
in China to 25, in addition to over 140 laser wire stripping products.

Spectrum counts amongst its customers in China large Western aerospace
manufacturers who now have in-country facilities, as well as the majority
of China's indigenous aircraft manufacturers, such as Shenyang Aircraft
Corporation, Changhe Aircraft Industries, Harbin Aircraft Manufacturing
Corporation and Xi'an Aircraft Company.

This year, Spectrum Technologies will be moving to new premises in Pudong,
Shanghai under a new trading status: from September 2013 Spectrum will
become a Foreign Invested Commercial Enterprise (FICE).

Spectrum's new China operation will provide a full service one stop shop
for customers, able to place and receive orders, import and export goods
including spare parts that will be stocked locally for fast turnaround to
local customers, and deal in local currency.

John Meahan, Spectrum International Sales & Marketing Director, explains,
"This change of status and new premises is a significant step for the
company; it demonstrates Spectrum's commitment to doing business in this
region and to establishing the right kind of support, technical and
commercial, for our customers there.  We also want to highlight that we
are the clear number one in this market and in this region, and that we
intend to remain so."

END