SALT LAKE CITY – Electronics contract manufacturer CirTran Corp. reported net sales of $2.87 million for the second quarter, up 25.7% sequentially and 29.4% year-over-year.
For the first half, CirTran reported sales of $5.16 million, up 30.4% over the same period last year.
The company reported a net loss for the quarter of $2.57 million, which included interest and other expenses totaling $1.35 million.
In a statement, Iehab J. Hawatmeh, the company’s chairman and president, said expenses were higher in the second quarter because of additional marketing spending. He said the company is hopeful the increased costs will result in increased revenues in the third and fourth quarter.
TEDDINGTON, UK – The National Physical Laboratory seeks input for its electronics defects database.
Available soon at http://defectsdatabase.npl.co.uk, the confidential databasewill amass common problems and make images freely available for engineers to implement corrective actions in processes or designs.
ST. PETERSBURG – EMS/ODM Foxconn Electronics plans to invest at least $50 million constructing a plant near St. Petersburg, local reports say.
According to the report, Foxconn will build several HP product lines at the plant, including PCs, LCD monitors and network gear to be sold in Russia and worldwide, the company says.
The company earlier said the suburban St. Petersburg construction site would total 60,000 sq. meters.