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Fire at TTM Technologies' Anaheim Facility Results in Minor Damage
for immediate release
COSTA MESA, CA - February 8, 2016 - The Anaheim, CA facility of TTM Technologies, Inc. (Nasdaq:TTMI) experienced a fire on Saturday afternoon, February 6th. No injuries resulted from the fire and only minor damage to the facility was incurred. There was no damage to any of the facility's production equipment. The fire was quickly extinguished with the assistance of the local fire department. The facility has been cleared from an environmental and safety perspective and the Company has begun repairs and limited production. The Company expects to resume full production within one to two weeks.
TTM management will be working with customers to reschedule orders or provide backup manufacturing from one of TTM's other facilities while repairs are being made. The Company does not expect this event to have a material impact on the financial results of the first quarter. "Our supervisors at the plant handled the situation perfectly, evacuating employees and working closely with the assistance of the local fire department and other authorities to insure the safety of our employees at the time of the fire and thereafter", said Phil Titterton President of TTM's Aerospace, Defense & Specialty Business Unit.