News
SHANGHAI – Siemens’ Siplace
Application Center opened here this month, offering local customers live
equipment testing in a true production environment.
The new application center is equipped with a complete SMT line consisting of Siplace X-Series and D-Series machines, a DEK printer, a Rehm reflow oven and ASYS board handling.
The center focuses on such technologies such as 01005 placement, CSP stacking, IC and BGA placement. Siplace customers will have access to expert know-how regarding all NPI processes and Siplace software solutions at the new Application Center.
Siemens also has application centers in Munich, Shanghai, Singapore and Norcross, GA.
The new application center is equipped with a complete SMT line consisting of Siplace X-Series and D-Series machines, a DEK printer, a Rehm reflow oven and ASYS board handling.
The center focuses on such technologies such as 01005 placement, CSP stacking, IC and BGA placement. Siplace customers will have access to expert know-how regarding all NPI processes and Siplace software solutions at the new Application Center.
Siemens also has application centers in Munich, Shanghai, Singapore and Norcross, GA.
WYLIE, TX – Global Innovation Corp., an EMS and PWB supplier, reported net sales fell 10% to $8.4 million as the company’s largest customer cut orders by $1.5 million. For the period ended Oct. 31, net income was $101,578, up 18% year-over-year.
At quarter’s end, liabilities exceeded assets. The company indicated plans to negotiate an extension for $4.2 million in convertible promissory notes owed to chief executive Brad Jacoby at 8% interest and due next September.
The company also has loans with Amegy Bank of Texas including two $2 million five-year term loans and a $5.5 million real estate loan.
Global Innovation has been known by several names through its history, including ESPO’s Inc. and Integrated Performance Systems. In 2004, a wholly owned subsidiary of the company performed a reverse merger with Best Circuit Boards, also known as Lone Star Circuits.
For the quarter, gross profit was $1.8 million, up 2.5%, on a two-point uptick in gross margins to 21%. Cash flow from operations was $474,750, up from $193,369 the prior year.
At quarter’s end, liabilities exceeded assets. The company indicated plans to negotiate an extension for $4.2 million in convertible promissory notes owed to chief executive Brad Jacoby at 8% interest and due next September.
The company also has loans with Amegy Bank of Texas including two $2 million five-year term loans and a $5.5 million real estate loan.
Global Innovation has been known by several names through its history, including ESPO’s Inc. and Integrated Performance Systems. In 2004, a wholly owned subsidiary of the company performed a reverse merger with Best Circuit Boards, also known as Lone Star Circuits.
SMYRNA, GA – PCB Austin, a new three-day technical conference, will be held March 4-6, in the Austin suburbs.
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