EDEN PRAIRIE, Minn., Oct. 26, 2012 /PRNewswire/ -- MTS Systems Corporation (NASDAQ: MTSC), a leading global supplier of high performance test systems and position sensors, today announced that it has been selected by the Technical Center of China State Construction Engineering Corporation (CSCEC) to jointly develop an extremely large-capacity (8000 ton), state-of-the-art, multi-million dollar civil structural test system, which will be housed in their new Research and Development Center in Beijing.
CSCEC is the largest commercial building construction company in China, noted for its modern, extremely tall designs that are redefining urban skylines around the world. CSCEC is also the world's largest residential builder, and is currently ranked 100 on the Fortune 500 list.
When complete, the CSCEC test system will be the largest and most capable of its kind in the developing world, with capacity to support test articles up to 8,000 tons (7,257 kg) in size. Equipped with the ability to precisely apply real-world forces and motions to such large test articles in the test lab, CSCEC researchers will gain new insight for developing highly durable and earthquake-resistant super-skyscrapers and long-span structures.
"We're thrilled to be partnering with CSCEC to advance the development of civil structures in China and around the world," said Dr. Jeffrey Graves, MTS President and CEO. "We believe CSCEC chose MTS based upon our ability to understand their needs and apply unmatched expertise and innovation to address them. Our established business in China will also enable us to deliver the highest levels of service."
The CSCEC test system will be leveraged primarily for validating the safety performance of extremely tall and long structures under seismic conditions. It is also ideally suited for verifying joint strength and failure modes in complex structures, as well as for validating shake-resistance through compression-torsion dynamic tests on large isolation rubber bearings and load bearings.
"The CSCEC test system is expected to profoundly impact the safety and durability of large civil structures around the world," Graves said. "We consider it a privilege to be working alongside an industry leader to advance what's possible in building technology."
About MTS Systems Corporation
MTS Systems Corporation is a leading global supplier of high performance test systems and position sensors. The Company's testing hardware and software solutions help customers accelerate and improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures. MTS' high-performance position sensors provide controls for a variety of industrial and vehicular applications. MTS had 2,003 employees and revenue of $467 million for the fiscal year ended October 1, 2011. Additional information on MTS can be found on the worldwide web at http://www.mts.com.
This release contains "forward-looking statements" made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that are subject to certain risks and uncertainties, as well as assumptions, that could cause actual results to differ materially from historical results and those presently anticipated or projected. Words such as "may," "will," "should," "expects," "intends," "projects," "plans," "believes," "estimates," "targets," "anticipates," and similar expressions are used to identify these forward-looking statements.
Forward-looking statements are based on our current expectations and assumptions, which may not prove to be accurate. Many factors could cause actual results to differ materially and adversely from these forward-looking statements. Among these factors are risks related to: the Company's significant international business; volatility in the global economy; competition; failure to achieve the Company's growth plans for the expansion of its business; difficulties obtaining the services of skilled employees; failure to protect its intellectual property effectively or infringement upon the intellectual property of others; product liability and commercial litigation; difficulty obtaining materials or components for its products; government regulation; the irregularity and development of sales, delivery and acceptance cycle for the Company's products; the Company's customers are in cyclical industries; interest rate fluctuations; and the Company may be required to recognize impairment charges for long-lived assets. For a more thorough discussion of the risks associated with our business, see the "Risk Factors" section in the Company's most recent SEC Form 10-K, 10-Q and 8-K filings. Except as required by law, the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
