VANCOUVER -- PTL Electronics Ltd. has invested $1.1 million in new equipment and will open a manufacturing facility in August to meet customer demand. The EMS firm's new facility will double the existing manufacturing space, while and the new equipment is expected to increase capacity by 150%. It will bring the number of Siemens high-speed SMT lines to four, including a single line dedicated to prototypes.

The new facility will be situated close to the current location, and will open in August. It will include a dedicated area for full box-build assembly. PTL will operate in both locations simultaneously for two months to ease potential disruptions.

PTL, which is owned by Moventis Capital, grew 76% last year to $15.7 million and will have $5 million in backlogs for the quarter ending June 30.

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