NORTECH SYSTEMS Business Summary

Nortech Systems Inc. (NSYS) operates as a full-service electronics manufacturing services (EMS) provider, generating revenue through the contract design, engineering, and production of complex electromedical and electromechanical products. The company’s business model is centered on a high-mix, low-volume strategy, serving original equipment manufacturers (OEMs) across three primary segments: Medical (including medical imaging and diagnostic devices), Aerospace and Defense, and Industrial. Nortech differentiates itself by moving up the value chain from basic assembly to vertically integrated solutions involving wire and cable assemblies, printed circuit board assemblies (PCBAs), and higher-level complete box builds. Its competitive landscape includes direct rivals such as Kimball Electronics, OSI Electronics, and Syncron EMS; within this peer group, Nortech positions itself as a specialized, mission-critical partner focused on high-reliability applications and strategic near-shoring through its AS9100-certified facilities in Mexico and China. Founded in 1990 by the Kunin family, the company remains under the significant influence of Chairman David B. Kunin, whose family holding company, Curtis Squire, Inc., maintains a controlling interest of approximately 52.6%. The executive leadership team is led by President and CEO Jay D. Miller, who joined in 2019 with a background as CEO of medical technology firms IMRIS, Zonare, and Vital Images, following tenures at Siemens and GE. Supporting him are CFO Andrew D.C. LaFrence, a former KPMG partner with extensive life sciences experience, and Andrew Walko, who was appointed Senior Vice President of Global Operations in January 2026 after leadership roles at Sanuwave and Biomerics. The board of directors features notable industry veterans including Ryan McManus, founder of techtonic.io, and Debarati Sen, a Group President at HMTX Industries and former 3M executive, while institutional backing is provided by firms such as Renaissance Technologies and Dimensional Fund Advisors.