News
RICHARDSON, TX – TXP Corp., ODM for the telecommunications industry, reported first-quarter revenue was $2.5 million, up about 14% year-over-year.
Operating loss was approximately $2.4 million, compared to operating loss of approximately $1.2 million for the first quarter last year. Net loss was approximately $198,000, compared to net loss of approximately $378,000 for the same period in 2007.
Net loss in the first quarter of 2008 and 2007 included a non-cash gain of approximately $2.8 million and $1.1 million, respectively, related to change in fair value of derivative financial instruments.
The company says it increased its customer base to 139 in the first quarter, up from 117 for the same period in 2007.
"We attribute our increase in revenue to the continued strength of our prototype services business, as well as the growth of our retrofit solutions ... During the quarter, we focused heavily on our sales and marketing initiatives within the Optical Network Terminal group. Specifically, we are engaged in active discussions with a number of carriers to utilize our Gigabit Passive Optical Network ONTs for their next-generation Fiber-to-the-Home network. We now have product trials ongoing with over 15 carriers and have received favorable feedback from our partners," said Michael C. Shores, president and CEO of TXP.
Additionally, the company announced it has completed a financing of up to $5.75 million with YA Global Investments, L.P.
COLLEGE PARK, MD – The 2nd Annual Symposium on Avoiding, Detecting, and Preventing Counterfeit Electronic Parts will be held Sept. 8 and 9 at University of Maryland, College Park, MD.
Submit abstracts on relevant topics (fewer than 300 words) to Dr. Diganta Das at diganta@umd.edu.
The deadline for presentations is August 16.
SMTA and CALCE will sponsor the event, which will focus on solutions available and under development by all sectors of the industry. Topics will include methodologies followed by affected industries to mitigate chances of being victims of counterfeit parts; efforts and initiatives – both domestic and international – that will affect the future of combating counterfeit electronic parts; supply chain management tools to mitigate counterfeit part risks; tools being developed and used by part manufacturers; inspections tools and techniques for detecting counterfeit parts; impact of counterfeit parts on the military and avionics industry; sources of counterfeit parts, and authentication techniques for securing electronic part supply chain.
For more information, visit http://www.calce.umd.edu and http://www.smta.org/education/education.cfm#counterfeit.
STOCKHOLM – SMT equipment manufacturer Mydata has acquired its German distributor Royonic.
Press Releases
- Pushed by glass core and high-end ICs substrates for AI, the advanced IC substrate market reaches $31 billion by 2030
- Pushed by glass core and high-end ICs substrates for AI, the advanced IC substrate market reaches $31 billion by 2030
- Ryder Vietnam - Phase 2: Building resilience and meeting demand
- Scanfil and Etteplan deepen their strategic partnership into production testing