Governor McDonnell Announces 65 New Jobs in City of Waynesboro
– PPI/Time Zero, Inc. to invest $1.15 million to establish new operation –

RICHMOND - Governor Bob McDonnell announced today that PPI/Time Zero, Inc., a leading electronic manufacturing services (EMS) provider of high reliability aerospace, defense, medical and industrial electronics, will invest $1.15 million to establish operations at Solutions Place in the City of Waynesboro. The project will create 65 new jobs within the next year.

Solutions Place, a 340,000-square-foot facility, is owned by Allied Logistics-one of the largest and most successful distribution, warehousing and processing companies based in the Mid-Atlantic region.

Speaking about today's announcement, Governor McDonnell said, "We are thrilled that PPI/Time Zero, a well-established company that has been successful in New Jersey for the past 40 years, picked Waynesboro for its first Virginia operations. The location at Solutions Place is ideal due to the infrastructure in place at the facility, as well as the region's strategic proximity to major interstates and the company's existing and potential clients. PPI provides invaluable electronic assistance to critical industries like aerospace and defense, as well as medical and industrial markets."

"I am confident that Waynesboro will be a good fit for PPI," said Jim Cheng, Virginia Secretary of Commerce and Trade. "The Commonwealth's outstanding business climate put us in the lead for this growing company's newest operation, and as a result, the region will benefit from 65 new employment opportunities."

Headquartered in Paterson, New Jersey, PPI/Time Zero is an EMS company providing low-to-medium volume highly customized electronics. With 40 years of service, PPI is known for manufacturing mission critical products supporting aerospace, defense, industrial and medical instrumentation. PPI offers its customers a total solution including design, prototyping, cable and harness manufacturing, turn-key printed circuit board assembly and box build, test, thermal stress screening and end of life manufacturing support.

Dana M. Pittman, President and CEO of PPI/Time Zero, Inc., said, "We are very pleased to have established a long-term lease with Solutions Place located in Waynesboro Virginia. The strategic location of this facility, along with the ability for future expansion, will greatly improve our customer service and logistics. The company's solid performance has been driven by successfully executing its organic growth strategy with a focused set of customers and niche market segments. With the support and guidance of the Commonwealth of Virginia, we will accelerate our key initiatives by providing incremental capacity, improved logistics for our customer base and new state of the art process installations."

The Virginia Economic Development Partnership worked with the City of Waynesboro and the Shenandoah Valley Partnership to secure the project for Virginia. Through its Virginia Jobs Investment Program, the Virginia Department of Business Assistance will provide funding and services to support the company's recruitment and training activities.

"The City of Waynesboro is delighted that PPI/Time Zero selected Waynesboro for their expansion," said Greg Hitchin, Director of Economic Development for the City of Waynesboro. "Waynesboro remains an epicenter of manufacturing excellence and PPI/Time Zero continues that tradition by coming to Solutions Place, a business center with a rich history of producing high-tech electronics."

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