MINNEAPOLIS--(BUSINESS WIRE)--HEI, Inc. (Pink Sheets: HEII; http://www.heii.com) announced today that it has engaged an advisory firm to assist in reviewing strategic options, including the possibility of selling all or part of the company, in addition to financing, investing and consolidation alternatives.
“Our objective is to continue to service our customers and build quality product as we explore our options,” stated Robert Heller, Chairman and CEO.
HEI, Inc. designs, develops and manufactures ultra-miniature microelectronics, high density interconnect flexible and rigid-flex substrates, electromechanical hardware, and embedded software with complex user interface solutions for customers engaged in the medical, hearing, telecommunications, military, aerospace, and industrial markets. HEI provides its customers with a single point of contact that can take an idea from inception to a fully functional and cost effective product utilizing innovative design solutions and by the application of state-of-the-art materials, processes and manufacturing capabilities.
|Corporate & HEI –Victoria (Microelectronics Contract Manufacturing)||1495 Steiger Lake Lane, Victoria, MN 55386|
|HEI – Boulder (Design and Development, Box Build and ATE)||4801 North 63rd Street, Boulder, CO 80301|
|HEI – Tempe (Quick Turn and Production High Density Interconnect Flex and Rigid-Flex)||610 South Rockford Drive, Tempe, AZ 85281|
FORWARD LOOKING INFORMATION
Information in this news release, which is not historical, includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. You can identify these statements by forward-looking words such as “may,” “will,” “expect,” “anticipate,” “believe,” “intend,” “estimate,” “continue,” and similar words. Statements contained in this press release, including the implementation of business strategies, growth of specific markets, results and estimated HEI revenue, orders, shipments, cash flow and profits, are forward looking statements. All such forward-looking statements involve risks and uncertainties including, without limitation, adverse business and market conditions, the ability of HEI to secure and satisfy customers, the availability and cost of materials from HEI’s suppliers, HEI’s ability to satisfy financial or other obligations or covenants set forth in its financing agreements, adverse competitive developments, change in or cancellation of customer requirements, collection of receivables and outstanding debt, HEI’s ability to control fixed and variable operating expenses, and other risks detailed in previous HEI SEC filings. Since HEI is no longer reporting to the SEC, readers are cautioned to weigh the potential for additional risk factors based on ongoing business activities and current economic conditions. The information set forth herein should be read in light of such risks. We undertake no obligation to update these statements to reflect ensuing events or circumstances, or subsequent actual results.