News
SAN MARCOS, CA – Amistar Corp. has entered into an agreement to sell the assets of its automation machine division to newly formed Amistar Automation Inc., based in San Marcos, CA. Financial terms were not disclosed.
Joseph Pultinevicius becomes president and chief operating officer and Richard Geisz vice president of operations for Amistar Automation.
The new company takes over a series of process equipment lines for assembly and product identification. The company will also continue to distribute the i-Pulse line of SMT and automated optical/laser/x-ray inspection equipment.
Amistar Corp. will provide service, warranty and support to existing customers.
Joseph Pultinevicius becomes president and chief operating officer and Richard Geisz vice president of operations for Amistar Automation.
The new company takes over a series of process equipment lines for assembly and product identification. The company will also continue to distribute the i-Pulse line of SMT and automated optical/laser/x-ray inspection equipment.
Amistar Corp. will provide service, warranty and support to existing customers.
MINNEAPOLIS – Nortech Systems reported net sales of $29.3 million for the fourth quarter, up 6% year-over-year. Operating income was $1.1 million, up 47% compared to 2006. Net income totaled $504,112, up 13.8% year-over-year.
For 2007, the company reported record net sales of $118.1 million, up 12% year-over-year. Operating income increased 38%, to $3.6 million. Net income was $1.6 million, up 20% compared to 2006.
“Last year’s accomplishments were highlighted by a successful acquisition and the launch of our Lean manufacturing initiative,” said Mike Degen, Nortech’s president and CEO.
“Our backlog position ended the year strong across our company, positioning us well for the first quarter,” he said.
The acquisition of Suntron’s assembly operations in Garner, IA, last February added capabilities and customers in new markets, including agriculture and oil and gas.
Nortech’s Lean manufacturing initiative was deployed at its aerospace systems operation last year. Rollouts are planned at other Nortech locations during 2008.
For 2007, the company reported record net sales of $118.1 million, up 12% year-over-year. Operating income increased 38%, to $3.6 million. Net income was $1.6 million, up 20% compared to 2006.
“Last year’s accomplishments were highlighted by a successful acquisition and the launch of our Lean manufacturing initiative,” said Mike Degen, Nortech’s president and CEO.
“Our backlog position ended the year strong across our company, positioning us well for the first quarter,” he said.
The acquisition of Suntron’s assembly operations in Garner, IA, last February added capabilities and customers in new markets, including agriculture and oil and gas.
Nortech’s Lean manufacturing initiative was deployed at its aerospace systems operation last year. Rollouts are planned at other Nortech locations during 2008.
SAN JOSE – Tessera Technologies claims recent questions over a handful of the chip-packaging firm’s patents mischaracterized the process and the patents’ validity.
“Nothing issued by the U.S. Patent and Trademark Office in these reexaminations has overturned our patents. We believe the market may have misunderstood the PTO’s terminology, and we are taking this opportunity to clarify the process,” said Scot Griffin, senior vice president and general counsel, in a statement. “Claims of a patent cannot be invalidated in reexamination until the process is fully complete, including all appeals.”
The PTO recently issued office actions regarding claims in five Tessera patents, and the company anticipates action on a sixth shortly. However, asserts Tessera, the PTO reexamination process does not suggest a final determination against the company. Moreover, after a determination, Tessera could appeal and the patents would remain in force throughout all appeals.
Tessera is familiar with prior art to the patents under reexamination because of previous lawsuits; the company says those lawsuits were resolved in its favor.
On March 4, Tessera petitioned the U.S. International Trade Commission to review the recent decision to stay its wireless ITC action. ITC staff also filed its own petition arguing against the stay. The commission is expected to decide within the next 25 days whether it will review the stay decision.
“Nothing issued by the U.S. Patent and Trademark Office in these reexaminations has overturned our patents. We believe the market may have misunderstood the PTO’s terminology, and we are taking this opportunity to clarify the process,” said Scot Griffin, senior vice president and general counsel, in a statement. “Claims of a patent cannot be invalidated in reexamination until the process is fully complete, including all appeals.”
The PTO recently issued office actions regarding claims in five Tessera patents, and the company anticipates action on a sixth shortly. However, asserts Tessera, the PTO reexamination process does not suggest a final determination against the company. Moreover, after a determination, Tessera could appeal and the patents would remain in force throughout all appeals.
Tessera is familiar with prior art to the patents under reexamination because of previous lawsuits; the company says those lawsuits were resolved in its favor.
On March 4, Tessera petitioned the U.S. International Trade Commission to review the recent decision to stay its wireless ITC action. ITC staff also filed its own petition arguing against the stay. The commission is expected to decide within the next 25 days whether it will review the stay decision.
On March 5, Amkor filed a motion with the arbitration panel to stay the scheduled March 31 hearing with Tessera, in view of the recent PTO reexamination actions. Tessera opposes this motion.
Press Releases
- Kitron Strengthens Order Backlog with EUR 11 Million Contract for Defense Communication
- ZTEST Electronics Inc. Announces Transition to the OTCID Market
- SEMI and TechSearch International Release 2025 Edition of Worldwide Semiconductor Assembly & Test Facility Database
- Coherix Unveils Industry-First Service Program for Adhesive Dispensing Systems
POPULAR
- Editorial Contributions
- Smarter SMT Starts at the Reel: How Splicing Kits are Powering Efficiency
- Verifying PCBA Cleanliness with Ion Chromatography
- Factors Contributing to Solder Ball Formation: A Guide
- Systematic Troubleshooting in Electronics Assembly: A Case Study in Solder Balling and Process Optimization