InTest ready to complete corporate move

InTest Corp. said that, on Jan. 14, it will finish moving its corporate headquarters from Cherry Hill to the East Gate Business Center in Mount Laurel.

The maker of testing equipment used by semiconductor manufacturers said Thursday that it expects savings of as much as $300,000 a year because of the move.

The company also said that it expects savings of as much as $200,000 a year when Temptronic Corp., a division of its thermal products unit, moves effective March 1 from Sharon, Mass., to Mansfield, Mass.

Robert E. Matthiessen, InTest president and chief executive officer, projected that the two moves combined would save 5 cents a share in annual earnings.

Company shares gained 1 cent and were priced at $2.83 in Nasdaq trading.    - Roslyn Rudolph