Exhibit 99.1

SMTC CORPORATION, LISTED ON BOTH THE TORONTO STOCK EXCHANGE AND NASDAQ,
RECEIVES NASDAQ NOTICE OF BID PRICE DEFICIENCY

TORONTO - November 13, 2002 -- SMTC Corporation (TSE: SMX, Nasdaq: SMTX), a
global provider of electronics manufacturing services to the technology
industry, today reported it has received a notification from Nasdaq Listing
Qualifications that its common stock has failed to maintain the minimum bid
price of $1.00 per share over a period of 30 consecutive trading days, as
required by Nasdaq's Marketplace Rules. Nasdaq has provided SMTC with a grace
period of 90 calendar days, or until February 3, 2003, to regain compliance with
this requirement or be delisted from trading on The Nasdaq National Market. To
regain compliance, SMTC's common stock must achieve a minimum closing bid price
of $1.00 for ten consecutive trading days. SMTC intends to monitor the bid price
for its common stock between now and February 3, 2003. If the stock does not
trade at a level that is likely to regain compliance, SMTC's Board of Directors
will consider other options available to the Company to achieve compliance. If
SMTC is unable to come into compliance with the bid price requirement by
February 3, 2003, Nasdaq Listing Qualifications will provide written
notification that SMTC's common stock will be delisted, which the Company may
appeal to a Listing Qualifications Panel.

About the Company: SMTC Corporation is a global provider of advanced electronic
manufacturing services to the technology industry. The Company's electronics
manufacturing and technology centers are located in Appleton, Wisconsin, Austin,
Texas, Boston, Massachusetts, Charlotte, North Carolina, San Jose, California,
Toronto, Canada, Donegal, Ireland and Chihuahua, Mexico. SMTC offers technology
companies and electronics OEMs a full range of value-added services including
product design, procurement, prototyping, printed circuit assembly, advanced
cable and harness interconnect, high precision enclosures, system integration
and test, comprehensive supply chain management, packaging, global distribution
and after-sales support. SMTC supports the needs of a growing, diversified OEM
customer base primarily within the networking, communications and computing
markets. SMTC is a public company incorporated in Delaware with its shares of
common stock traded on The Nasdaq National Market System under the symbol SMTX
and the exchangeable shares of its subsidiary SMTC Manufacturing Corporation of
Canada traded on The Toronto Stock Exchange under the symbol SMX. Visit SMTC's
web site, www.smtc.com, for more information about the Company.

For additional information, please contact:

Frank Burke
Chief Financial Officer
(905) 479-1810
frank.burke@smtc.com