MTS Systems Corporation (MTS) is a supplier of mechanical testing systems and industrial position sensors. The Company’s operations are organized and managed in two business segments, the Test segment and the Sensors segment. Test segment products are used by customers in their development of new products and in quality control applications to characterize the product’s mechanical properties. Sensors segment products are used by industrial machinery and mobile equipment manufacturers to automate the operation of their products for improved end-user productivity and safety. In June 2008, Agilent Technologies, Inc. acquired the Nano Instruments business unit of MTS. On September 28, 2008, MTS acquired the assets of SANS Group.