News
SALT LAKE CITY – CirTran Corp. reported September quarter sales of $3.1 million, down 12% from 2007.
The net loss was $2.3 million, versus net income of $82,898 a year ago. The results include a derivative liability-related loss of $867,138.
CirTran USA and CirTran-Asia, which include the company’s contract assembly operations, dragged down the results, the company said. The decline was mainly attributable to a one-time 2007 order not duplicated in 2008, a decrease in exercise product demand, and a drop in demand for cable assembly and electronic.
The net loss was $2.3 million, versus net income of $82,898 a year ago. The results include a derivative liability-related loss of $867,138.
CirTran USA and CirTran-Asia, which include the company’s contract assembly operations, dragged down the results, the company said. The decline was mainly attributable to a one-time 2007 order not duplicated in 2008, a decrease in exercise product demand, and a drop in demand for cable assembly and electronic.
SOUTH PLAINFIELD, NJ – Fry’s Metals Inc. and Cookson America Inc. have received official ITAR (International Traffic in Arms Regulations) registration.
They are the parent companies of Cookson Electronics Engineered Products, a business unit of Cookson Electronics Assembly Materials Group.
ITAR regulates the manufacture, export and transfer of defense articles, information and services.
“The Military, Defense and Government segments constitute an important market for Cookson Electronics Engineered Products’ US business,” said Ravi Bhatkal, vice president and general manager, engineered products. “With this ITAR registration, we are pleased to provide our value-added stencil technologies that can help defense electronics companies develop and commercialize products quicker and help improve first-pass yields.”
They are the parent companies of Cookson Electronics Engineered Products, a business unit of Cookson Electronics Assembly Materials Group.
ITAR regulates the manufacture, export and transfer of defense articles, information and services.
“The Military, Defense and Government segments constitute an important market for Cookson Electronics Engineered Products’ US business,” said Ravi Bhatkal, vice president and general manager, engineered products. “With this ITAR registration, we are pleased to provide our value-added stencil technologies that can help defense electronics companies develop and commercialize products quicker and help improve first-pass yields.”
SAN JOSE – Sun Microsystems will cut up to 18% of its global workforce – an estimated 5,000 to 6,000 jobs – in a move aimed at cutting annual costs by $700 million to $800 million.
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