NN, Inc. (NASDAQ:NNBR) ("NN" or the "Company"), a global diversified industrial company that engineers, co-develops and manufactures precision components and assemblies with six sigma quality, today provided an update on developments in its Medical Products business, one of the Company’s key targeted growth markets. The components of the Medical Products growth program are:
- Specialized quality control systems in the plants that make medical products
- Dedicated, specialized CNC machining equipment
- Dedicated special purpose floor space
- Medical industry experts on staff
- Attendance at top medical device shows
- State-of-the-art stainless steel machined products
- Global footprint in North America, China, South America, Europe
With this new customer, the new medical certification, and new medical products, NN’s medical new business pipeline has increased in size by ~$25 million and is now approximately $75 million overall. This is now a meaningful component of NN’s total corporate new business pipeline of >$750 million which includes all products for all markets.
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