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CTI Technology, Inc. Names Robert W. Egan as VP-Business Development

30 June 2000

CTI Technology, Inc. Names Robert W. Egan as Vice President-Business Development

    SPRINGFIELD, Mass. - CTI Technology Inc. a provider of electronic manufacturing services announces that Robert W. Egan has joined the company as Vice President, Business Development. Mr. Egan will have overall responsibility for the company's strategic marketing and tactical sales direction.

    "We are pleased to welcome Bob to our management team as we act to expand our customer and business base for electronic manufacturing services via our dual approach of both acquisition based growth and internally generated growth by expanding our customer base and the markets they serve," said Chairman and CEO George C. Davies.

    Mr. Egan has over 20 years of marketing, sales and general business management experience in the general EMS marketplace. His most recent position was that as Vice President of Business Development for ACT Manufacturing Co., Inc. of Hudson, MA where he helped grow that organization in (6) six years from approximately $50 million to over $600 million. He has also held senior management level positions with Lockheed-Martin Electronics in Hudson, MA and SCI Systems, Inc. of Hookset, NH.

    About CTI Technology, Inc.

    CTI provides custom electronic manufacturing services to original equipment manufacturers in the electronics, computer, and telecommunications industries. These services include design assistance and prototype production at the product development stage and a wide variety of assembly, integration, packaging, and test services at different levels of volume production. Our services benefit our customers by reducing time to market for new and existing products, and by reducing overall sourcing and manufacturing costs at various stages of product growth. CTI has fully integrated manufacturing facilities in Springfield, MA, Yanceyville, NC and Pompano Beach, FL.