inTEST Relocates Headquarters (INTT)

inTEST Corporation INTT today announced that it will complete the relocation of its corporate headquarters, including the operations of its Mechanical Products segment, from Cherry Hill, New Jersey to Mount Laurel, New Jersey, on January 14, 2011. In addition, inTEST noted that Temptronic Corporation, a part of its Thermal Products segment, will relocate from Sharon, MA to Mansfield, MA. It is expected that Temptronic Corporation will take occupancy of its new facility on March 1, 2011. Reduced Facilities Costs Will Save Approximately $0.05 in Annual Earnings Per Share Robert E. Matthiessen, President and Chief Executive Officer of inTEST, commented, "With the efficiencies gained by the new facilities, we expect to benefit from a considerable reduction in our operating costs. Our new Mount Laurel, NJ headquarters will bring savings of approximately $250,000 - $300,000 per year in operating costs, as compared to costs of our current facility. In addition, we expect further savings of approximately $150,000 - $200,000 annually in operating costs with the Mansfield, MA Temptronic Corporation relocation. We expect that the combined savings will result in an improvement of approximately $0.05 in annual earnings per share." Mr. Matthiessen added, "The inTEST headquarters and the Temptronic offices to which we will be moving are new facilities with state-of-the-art technologies, both of which have been designed to our specifications. The layout of offices, conference rooms, cubicles, and public space is designed to create an optimal work environment for the Company's operations. The open environment will encourage teamwork and collaboration, boost productivity, and help our employees serve our customers more effectively."