ZTEST Electronics Inc (ZTE)

ZTEST Electronics Inc. Announces Formation of Board Committee to Lead CEO Search and Grant of Stock OptionsJune 23, 2026 7:30 AM
ACCESS NewswireNORTH YORK, ON / ACCESS Newswire / June 23, 2026 / ZTEST Electronics Inc. ("ZTEST" or the "Company") (CNSX:ZTE)(OTCID:ZTSTF) announces that its Board of Directors has established a special committee to oversee the executive search process following the resignation of Steve Smith as President and Chief Executive Officer.The committee has been mandated to identify, evaluate, and recommend qualified candidates to lead the Company through its next phase of growth and development. The Board is committed to conducting a thorough and disciplined search process and will provide further updates as appropriate.The Company also announces that it has granted 100,000 stock options to Stephen Harpur pursuant to the Company's stock option plan. The options are exercisable at a price of $0.385 per common share for a period of five years from the date of grant and are subject to applicable regulatory requirements and the terms of the Company's stock option plan.About ZTEST Electronics Inc.ZTEST Electronics Inc., through its wholly owned subsidiary Permatech Electronics Corporation ("Permatech"), offers Electronic Manufacturing Services (EMS) to a wide range of customers. Permatech's offering includes Printed Circuit Board (PCB) Assembly, Materials Management and Testing services. Permatech operates from an ISO 9001:2015 certified facility in North York, Ontario, Canada. Permatech is a contract assembler of complex circuit boards, serving customers in the Medical, Power, Computer, Telecommunications, Wireless, Industrial, Trucking, Wearables and Consumer Electronics markets. It specializes in servicing customers who are looking for high yield and require high quality and rapid-turnaround on low and mid-volume production of high complexity products.For more information contact: Dave Barnett 604-897-9663 email: davebarnett@ztest.comNeither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.FORWARD LOOKING STATEMENTS: This press release contains forward looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR+ in Canada (available at www.sedarplus.com).SOURCE: ZTEST Electronics Inc.View the original press release on ACCESS NewswireOriginal: ZTEST Electronics Inc. Announces Formation of Board Committee to Lead CEO Search and Grant of Stock Options

ZTEST Electronics Inc. Announces Leadership Transition, Appoints New Director and ChairJune 18, 2026 7:30 AM
ACCESS NewswireNORTH YORK, ON / ACCESS Newswire / June 18, 2026 / ZTEST Electronics Inc. ("ZTEST" or the "Company") (CSE:ZTE)(OTCID:ZTSTF) today announced that Steve Smith has resigned as President and Chief Executive Officer and as a director of the Company, effective June 17, 2026. ZTEST also wishes to announce that Stephen Harpur has been appointed to the Board of Directors to fill the vacancy created by the resignation of Mr. Smith.In connection with this transition, David Barnett has been appointed as Chair of the Board, effective immediately. Mr. Barnett has served on the Company's Board of Directors since 2024 and brings significant experience in public company governance, capital markets and strategic advisory service.The Board has initiated a leadership succession process and is evaluating internal and external candidates for the Company's future executive leadership. Permatech's day-to-day operations will continue under the leadership of Suren Jeyanayagam, President of Permatech Electronics Corporation, the Company's operating subsidiary, while the Board conducts its search for the Company's next executive leader. Further updates regarding the leadership transition process will be provided as appropriate.Permatech continues to operate normally, with customer activities and production operations proceeding without interruption.Stephen Harpur is the Chief Executive Officer and Chair of Progressive Planet Solutions Inc. (TSXV: PLAN) a British Columbia-based clean technology and manufacturing company focused on developing sustainable solutions for the construction, agricultural, industrial and consumer markets. Since assuming leadership of Progressive in 2018, Mr. Harpur has overseen its transformation from a junior resource issuer into an operating cleantech and manufacturing business with growing revenues, proprietary technologies and an expanding portfolio of mineral-based products. He also led the acquisition of Absorbent Products Ltd., a transformative transaction that significantly expanded the company's operations, product offerings and North American distribution footprint.A Chartered Professional Accountant (CPA), Mr. Harpur has more than a decade of experience in public company leadership, corporate finance, mergers and acquisitions, and strategic growth initiatives. He has established a strong track record of identifying, financing and integrating acquisitions, raising capital, and creating shareholder value within the Canadian micro-cap market. Mr. Harpur's experience scaling manufacturing businesses, allocating capital and leading public company transformations is expected to provide valuable perspective as ZTEST evaluates strategic opportunities and operational initiatives.Mr. Smith's departure follows discussions with the Board regarding the Company's leadership succession plans and is not the result of any disagreement with the Company, its Board of Directors, management, operations, policies or practices.The Company and Mr. Smith have entered into a separation agreement pursuant to which Mr. Smith will receive $150,000 immediately and the payment of $110,000 over the next nine months as severance benefits consistent with his employment agreement.ZTEST Chair Dave Barnett commented: "The Board thanks Steve for his contributions to the Company and wishes him continued success in his future endeavours. We are also pleased to welcome Stephen Harpur to the Board. Stephen brings extensive experience in public company leadership, corporate finance, mergers and acquisitions, and value creation. His perspective and expertise will strengthen the Board as we continue to execute our strategic objectives, enhance shareholder communications and pursue opportunities to create long-term shareholder value."About ZTEST Electronics Inc.ZTEST Electronics Inc., through its wholly owned subsidiary Permatech Electronics Corporation ("Permatech"), offers Electronic Manufacturing Services (EMS) to a wide range of customers. Permatech's offering includes Printed Circuit Board (PCB) Assembly, Materials Management and Testing services. Permatech operates from an ISO 9001:2015 certified facility in North York, Ontario, Canada. Permatech is a contract assembler of complex circuit boards, serving customers in the Medical, Power, Computer, Telecommunications, Wireless, Industrial, Trucking, Wearables and Consumer Electronics markets. It specializes in servicing customers who are looking for high yield and require high quality and rapid-turnaround on low and mid-volume production of high complexity products.For more information contact: Dave Barnett 604-897-9663 email: davebarnett@ztest.comNeither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.FORWARD LOOKING STATEMENTS: This press release contains forward looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR+ in Canada (available at www.sedarplus.com).SOURCE: ZTEST Electronics Inc.View the original press release on ACCESS NewswireOriginal: ZTEST Electronics Inc. Announces Leadership Transition, Appoints New Director and Chair

ZTEST Electronics Inc. Announces Fiscal 2026 Q3 Results with 13.9% Year Over Year Revenue GrowthMay 25, 2026 7:30 AM
ACCESS NewswireNORTH YORK, ON / ACCESS Newswire / May 25, 2026 / ZTEST Electronics Inc. ("ZTEST" or the "Company") (CSE:ZTE)(OTCID:ZTSTF) is pleased to announce Fiscal 2026 Q3 revenues of $2,339,624, an increase of 13.9 % from the same period last year, with net income increasing over 46% to $376,288.Enhancing the revenue growth, the Company also accomplished a notable gain of more than 25% in gross margins, climbing to $1,044,552 from $833,532 in Q3 2025.The Company continues to generate positive cash flows from operations and has added $1,230,110 (24.6%) to working capital, and $1,133,185 (19.3%) to capital under management since the start of the fiscal year.Net income for the quarter was $376,288, and for the nine-month period was $1,039,155, representing improvements of almost 47% and 32% respectively, when compared to March 2025.Financial Highlights Three months ended (in thousands of dollars, except per share amounts) Mar 31
2026 Mar 31
2025 Revenue 2,340 2,105 Gross Margin 1,045 833 EBITDA 618 424 Net Income 376 256 Basic Net Income Per Share 0.010 0.007 Operating Cash Flow 532 392 As at
(in thousands of dollars) Mar 31
2026 Mar 31
2025 Cash 4,977 3,867 Working Capital 6,238 4,648 Long-Term Debt 6 73 Shareholders' Equity 6,990 5,550 CEO Steve Smith, commented, "We are pleased that the Company has negotiated a new five-year lease extension, commencing April 1, 2026, realizing very favorable lease payments, relative to prevailing market rates. Management believes the facility provides sufficient capacity to accommodate significant future production growth, although there can be no assurance that such growth will occur, without imposing meaningful space constraints.We are encouraged by the continued momentum in our business, with strong year-over-year growth in revenue and earnings, demonstrating the strength of our customer relationships and the resilience of our operating model."About ZTEST Electronics Inc.ZTEST Electronics Inc., through its wholly owned subsidiary Permatech Electronics Corporation ("Permatech"), offers Electronic Manufacturing Services (EMS) to a wide range of customers. Permatech's offering includes Printed Circuit Board (PCB) Assembly, Materials Management and Testing services. Permatech operates from an ISO 9001:2015 certified facility in North York, Ontario, Canada. Permatech is a contract assembler of complex circuit boards, serving customers in the Medical, Power, Computer, Telecommunications, Wireless, Industrial, Trucking, Wearables and Consumer Electronics markets. It specializes in servicing customers who are looking for high yield and require high quality and rapid-turnaround on low and mid-volume production of high complexity products.For more information contact: Steve Smith, CEO (604) 837-3751 email: steves@ztest.comNeither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.FORWARD LOOKING STATEMENTS: This press release contains forward looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR+ in Canada (available at www.sedarplus.com).SOURCE: ZTEST Electronics Inc.View the original press release on ACCESS NewswireOriginal: ZTEST Electronics Inc. Announces Fiscal 2026 Q3 Results with 13.9% Year Over Year Revenue Growth

ZTEST Electronics Inc. Announces Fiscal 2026 Q2 Results With 19% Year Over Year Revenue GrowthFebruary 27, 2026 7:30 AM
ACCESS NewswireNORTH YORK, ON / ACCESS Newswire / February 27, 2026 / ZTEST Electronics Inc. ("ZTEST" or the "Company") (CSE:ZTE)(OTCID:ZTSTF) is pleased to announce Fiscal 2026 Q2 revenues of $2,481,516, an increase of 19% from the same period last year, with net income increasing over 104% to $425,913.Financial Highlights Three months ended (in thousands of dollars, except per share amounts) Dec 31
2025 Dec 31
2024 Revenue 2,482 2,081 Gross Margin 1,080 830 EBITDA 661 400 Net Income 426 209 Basic Net Income Per Share 0.012 0.006 Operating Cash Flow 510 378 As at
(in thousands of dollars) Dec 31
2025 Dec 31
2024 Cash 4,415 3,679 Working Capital 5,872 4,329 Long-Term Debt 23 89 Shareholders' Equity 6,532 5,179 CEO Steve Smith, commented, "While the electronics industry has been experiencing a cyclical slowdown, we have maintained our commitment to delivering top quality products and exceptional customer service. These efforts helped drive year-over-year revenue growth of more than 19% and the highest quarterly net income since June 30, 2024. We have also continued our growth of capital under management and consistently added to our strong liquidity position. We remain focused on building long-term shareholder value while keeping a disciplined approach to minimizing business risk."About ZTEST Electronics Inc.
ZTEST Electronics Inc., through its wholly owned subsidiary Permatech Electronics Corporation ("Permatech"), offers Electronic Manufacturing Services (EMS) to a wide range of customers. Permatech's offering includes Printed Circuit Board (PCB) Assembly, Materials Management and Testing services. Permatech operates from an ISO 9001:2015 certified facility in North York, Ontario, Canada. Permatech is a contract assembler of complex circuit boards, serving customers in the Medical, Power, Computer, Telecommunications, Wireless, Industrial, Trucking, Wearables and Consumer Electronics markets. It specializes in servicing customers who are looking for high yield and require high quality and rapid-turnaround on low and mid-volume production of high complexity products.For more information contact: Steve Smith, CEO (604) 837-3751 email: steves@ztest.comNeither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.FORWARD LOOKING STATEMENTS: This press release contains forward looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR+ in Canada (available at www.sedarplus.com).SOURCE: ZTEST Electronics Inc.View the original press release on ACCESS NewswireOriginal: ZTEST Electronics Inc. Announces Fiscal 2026 Q2 Results With 19% Year Over Year Revenue Growth

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