(SANM) Announces Appointment of New Chief Operating Officer

Contec Holdings, LTD, (“Contec” or the “Company”) the market leader in repair and refurbishment services business, today announced the appointment of Jyoti (JK) Kapoor as its Chief Operating Officer. Mr. Kapoor will assume this role effective immediately.

“We are delighted to have Mr. Kapoor join the Contec team” said Hari Pillai, President and Chief Executive Officer of Contec. “Mr. Kapoor’s outstanding operations experience gained over multiple international and U.S. assignments with leading edge technology companies, combined with his proven track record of scaling organizations in growth environments is perfectly matched to Contec’s needs as we embark on a period of rapid expansion and growth.”

“I am very pleased to join the Contec team,” said Mr. Kapoor. “Contec’s strong positive reputation with its blue-chip customers is indicative of the quality, cohesion and performance of the organization. I particularly like the detailed roadmap for accelerated investment and growth that leverages the experience and strength of the management team. I’m really looking forward to contributing to the success of the organization and unlocking the company’s enormous potential” added Mr. Kapoor.

Prior to joining Contec, Mr. Kapoor served as Global Vice President of Operations at ABB (NYSE:ABB) where he led photovoltaic inverter manufacturing operations and spearheaded dramatic improvements in customer satisfaction, profitability, working capital and product quality. Prior to that, Mr. Kapoor served in a number of Operations Management roles at Sanmina-SCI (NASDAQ:SANM), the California-based design and manufacturing services company and Iomega (NYSE:IOM), a global leader in data storage products for consumers and business enterprises. Mr. Kapoor holds an MBA in Operations Management from Thunderbird School of Global Management, Arizona and Bachelors in Chemical Engineering from MIT, India.

About Contec

Leveraging 35 years of experience in the cable industry and its industry leading test solutions such as QuickTest®, Contec is the market leader in the test, repair and refurbishment of customer premise equipment for the world’s leading cable, satellite and IP-based Multiple-System Operators (MSO’s). More recently, the company has expanded its services to include repair and refurbishment of a wide array of electronics hardware products. With an expanding network of service centers around the world, Contec is headquartered in Schenectady, New York. Learn more at www.gocontec.com.