News
MEDINA, OH – Cletronics Inc., a small EMS company and manufacturer of coils and inductors, will add 12,000 sq. ft. to its factory here as part of a $960,000 expansion.
The company will hire three new full-time workers, bringing its total headcount to 16 (not including two part-timers).
The local county granted the company a 40% tax abatement for 10 years, under terms of the Community Reinvestment Act, according to reports.
BANNOCKBURN, IL – North American PWB shipments in September fell 3.1%, while orders decreased 14.2% year-over-year, IPC said.
Year to date, shipments rose 4.5%, and orders were down 1.1%. Sequentially, combined shipments for September were up 3.8%; orders were up 13.3%. The book-to-bill ratio remained at 0.95.
Year to date, shipments rose 4.5%, and orders were down 1.1%. Sequentially, combined shipments for September were up 3.8%; orders were up 13.3%. The book-to-bill ratio remained at 0.95.
REDMOND, WA – Data I/O announced third-quarter revenues rose 7% to $7.8 million over a year ago, but slipped 3% sequentially.
Net income was $1.2 million, down 25% from last year. Gross margin as a percentage of sales was 60%. Operating expenses were $3.3 million, up $300,000.
Net income was $1.2 million, down 25% from last year. Gross margin as a percentage of sales was 60%. Operating expenses were $3.3 million, up $300,000.
For the quarter, orders fell 16% to $6.9 million. “We were disappointed to see some orders slide out, primarily in Europe and the US, but Asia remained very strong with orders up nearly 50% compared with the same quarter of 2007," said Fred Hume, president and CEO, in a statement.
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