News
LAGUNA, PHILIPPINES – Integrated Microelectronics Inc. will build biometric authentication cards for Validus Technologies Corp., the companies announced this week. The value of the manufacturing deal was not disclosed.
The Validus-designed VALIDcard is a type of powered card that comes fully self-contained within a card form factor. It has uses in e-commerce, online banking, health care, physical and logical access, and security.
IMI is a top 40 EMS manufacturer with annual revenues of about $400 million.
Validus, which owns powered card patents, “chose IMI as its manufacturing partner due to [its] excellence in engineering, global manufacturing operations and key patents relating to advanced electronics assembly,” said Travis McGregor, CEO of Validus.
Validus and IMI also are producing V2.0 Beta VALIDcards, to be released to beta customers within weeks.
The Validus-designed VALIDcard is a type of powered card that comes fully self-contained within a card form factor. It has uses in e-commerce, online banking, health care, physical and logical access, and security.
IMI is a top 40 EMS manufacturer with annual revenues of about $400 million.
Validus, which owns powered card patents, “chose IMI as its manufacturing partner due to [its] excellence in engineering, global manufacturing operations and key patents relating to advanced electronics assembly,” said Travis McGregor, CEO of Validus.
Validus and IMI also are producing V2.0 Beta VALIDcards, to be released to beta customers within weeks.
TAMPA, FL -- Kimball International paid $5.4 million for Genesis Electronics Manufacturing, a Tampa-based EMS firm acquired by Kimball in September.
Kimball, whose EMS group's sales rank in the top 25 worldwide, declined to specify the price at the time of the acquisition. However, the amount, which covers Genesis' assets and some liabilities, was included in the company's recent earning report.
Genesis had 2007 revenues of about $16 million.
Genesis' programs and staff will be moved to Kimball’s Tampa facility.
LOUISVILLE -- Sypris Solutions today reported revenue of
$100.2 million for its third quarter, down 4.1% from the
prior year.
The company swung to a net loss of $7.8 million, whereas a year-ago it reported income of $2.6 million. The most recent results included restructuring charges of $700,000 and foreign exchange losses of $1.0 million.
The company swung to a net loss of $7.8 million, whereas a year-ago it reported income of $2.6 million. The most recent results included restructuring charges of $700,000 and foreign exchange losses of $1.0 million.
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