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Palomar Technologies Selected as 2012 Exporter of the Year at San Diego North Economic Development Council Annual Business Luncheon

Palomar Technologies was nominated for the 2012 Exporter of the Year by the WORLD TRADE CENTER San Diego (WTCSD) executive vice president, Mr. Hugh Constant.

CARLSBAD, Calif., Dec. 12, 2012 /PRNewswire-iReach/ -- Palomar Technologies, the world-leading provider of precision microelectronics and optoelectronic packaging systems, was selected as the winner of the 2012 Exporter of the Year award, presented at the San Diego North Economic Development Council (SDNEDC) Annual Business Luncheon.

Palomar Technologies was nominated for the 2012 Exporter of the Year by the WORLD TRADE CENTER San Diego (WTCSD) executive vice president, Mr. Hugh Constant. "There is a concentration of small and medium-sized enterprises in Oceanside, Carlsbad, Vista, San Marcos, Escondido, Poway and Rancho Bernardo, with more than 350 companies actively trading internationally" noted Constant, who also presented the award. "Palomar Technologies stood out in this crowded field because of its exceptional success in developing export markets for its products in more than 30 countries over the past five years."

Originally founded in the 1970s as a division of Hughes Aircraft in San Diego County, Palomar Technologies is one of the few remaining US-based manufacturers of high-precision, automated microelectronics packaging equipment. Headquartered in Carlsbad, CA, Palomar Technologies supports needs of thousands of organizations around the world for micro-/optoelectronics process development and production requirements in the telecommunications, medical, defense, aerospace and commercial high-technology industries.

Palomar Technologies' value is providing a complete product and service solution coupled with knowledge of microelectronics material and assembly processes. The company competes on the global stage, with more than 70% of final product exported. A worldwide team of Field Services engineering experts supports the large installed base of customers, providing decades of process expertise and a deep understanding of production needs through one-on-one support.

With a balanced focus between both "on-shore" manufacturing and exporting, involvement with the SDNEDC and the WTCSD is a natural decision to further the company's growing international business efforts. Palomar Technologies has been an active participant in WTCSD events and programs since 2004, supporting several events each year.

SDNEC holds the annual luncheon to recognize San Diego North's business, elected, public sector and media leaders for their contributions to the region. According to SDNEC, "each December, nearly 500 SDNEDC members and guests are invited to enjoy a seasonal lunch, a keynote address by a distinguished community member and a prestigious award presentation to celebrate the accomplishments of businesses and individuals in San Diego's North County."

About Palomar Technologies
Palomar Technologies, a former subsidiary of Hughes Aircraft, is the global leader of automated high-accuracy, large work area die attach and wire bond equipment and precision contract assembly services. Customers utilize the products, services and solutions from Palomar Technologies to meet their needs for optoelectronic packaging, complex hybrid assembly and micron-level component attachment. For more information, visit www.palomartechnologies.com.

About WORLD TRADE CENTER San Diego
WORLD TRADE CENTER San Diego (WTCSD) is a non-profit trade association that provides comprehensive international trade services and key global contacts to facilitate and expand trade for regional worldwide clients. Leveraging its global network of World Trade Centers and affiliate partners, WTCSD is the proven forum for international information, communications and connections. WTCSD is licensed by the World Trade Centers Association (WTCA) in New York City and is affiliated with an international network of over 1 million international members and patrons. For more information, please visit us at www.wtcsd.org.

Media Contact: Jessica Sylvester Palomar Technologies, Inc., 760-931-3681, [email protected]

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SOURCE Palomar Technologies, Inc.

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