SAN DIEGO, CA, Oct. 30, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- RF Industries, Ltd, (NASDAQ: RFIL), a national manufacturer and marketer of interconnect products and systems, today announced that it has added production capacity at its New York location in order to continue to better service its customers and meet demand.
The additional production space will be used to increase capacity of the Company’s hybrid fiber and specialty cable assembly products and allows for an overall increase in production company-wide on other products including jumpers and wire harnesses. The additional capacity will also enable the Company to add coaxial cable assembly on the East Coast.
Robert Dawson, President and CEO, said, “This additional space will allow both a larger and more streamlined production process to better serve our customers and meet demand as we execute on our plan to further penetrate our target markets. I appreciate the hard work of our team in helping us grow our business this past year and generating the increased opportunities we have seen from our customers to service their needs.”
RF Industries’ Yaphank, New York location resulted from the 2011 acquisition of Cables Unlimited, a Corning Gold Cable Assembly House.
About RF Industries
RF Industries designs and manufactures a broad range of interconnect products across diversified, growing markets including wireless/wireline telecom, data communications and industrial. The Company's products include RF connectors, coaxial cables, wire harnesses, fiber optic cables, custom cabling and data center equipment. The Company is headquartered in San Diego, California with operations in New York, Connecticut and New Jersey. Please visit the RF Industries website at www.rfindustries.com.
Forward-Looking Statements
This press release contains forward-looking statements with respect to future events, including higher sales, increased future demand for the Company's products, and improved profitability, which are subject to a number of factors that could cause actual results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to: changes in the telecommunications industry; the Company's reliance on certain distributors for a significant portion of anticipated revenues; the Company's ability to execute on its new go-to-market strategies and channel models; its ability to expand its OEM relationships; its ability to continue to deliver newly designed and custom fiber optic and cabling products to principal customers; its ability to maintain strong margins and diversify its customer base, and its ability to address the changing needs of the market. Further discussion of these and other potential risk factors may be found in the Company's public filings with the Securities and Exchange Commission (www.sec.gov) including its Form 10-K. All forward-looking statements are based upon information available to the Company on the date they are published and the Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or new information after the date of this release.