News
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.
GLEN ALLEN, VA – The market for organic electronics materials will be worth $4.9 billion in 2012, surging to $15.8 billion in 2015, according to analyst NanoMarkets.
By 2015, NanoMarkets estimates 80% of organic electronics materials will be sold into three applications: RFID, display backplanes and OLED lighting and displays. By then, RFID will be the largest application accounting for $6.9 billion in materials sales, with today's dominant application, OLEDs, accounting for $5.6 billion, according to the firm. NanoMarkets expects RFID to overtake OLEDs as the largest consumer of organic electronics materials by 2012.
NanoMarkets says today's organic semiconductor materials are inadequate. Besides limits on performance, many are available only in small quantities. The company believes new kinds of organic semiconductor materials such as rubrene and hybrid materials, including formulations with carbon nanotubes, will spur the market to $4.9 billion in revenues by 2015.
To be successful, organic electronics will have to emulate the traditional semiconductor industry and invent an organic version of CMOS with its own stable materials sets. To make this happen, materials companies must offer commercial quantities of n-type semiconductors and organic dielectrics, says NanoMarkets.
The substrate business will grow to $6.9 billion in sales by 2015, with a majority the flexible type and specially prepared for organic electronics through novel forms of barrier coatings and reduced surface roughness.
As organic electronics devices ship in quantity, material suppliers will have to adjust formulations for offerings to work in large-scale manufacturing plants. These plants now seem more likely to use versions of traditional evaporation, coating and flexo printing, rather than ink-jet approaches. Suppliers will have to meet the specialized requirements for viscosity, volatility and other characteristics that the industry will require, says the researcher.
By 2015, NanoMarkets estimates 80% of organic electronics materials will be sold into three applications: RFID, display backplanes and OLED lighting and displays. By then, RFID will be the largest application accounting for $6.9 billion in materials sales, with today's dominant application, OLEDs, accounting for $5.6 billion, according to the firm. NanoMarkets expects RFID to overtake OLEDs as the largest consumer of organic electronics materials by 2012.
NanoMarkets says today's organic semiconductor materials are inadequate. Besides limits on performance, many are available only in small quantities. The company believes new kinds of organic semiconductor materials such as rubrene and hybrid materials, including formulations with carbon nanotubes, will spur the market to $4.9 billion in revenues by 2015.
To be successful, organic electronics will have to emulate the traditional semiconductor industry and invent an organic version of CMOS with its own stable materials sets. To make this happen, materials companies must offer commercial quantities of n-type semiconductors and organic dielectrics, says NanoMarkets.
The substrate business will grow to $6.9 billion in sales by 2015, with a majority the flexible type and specially prepared for organic electronics through novel forms of barrier coatings and reduced surface roughness.
As organic electronics devices ship in quantity, material suppliers will have to adjust formulations for offerings to work in large-scale manufacturing plants. These plants now seem more likely to use versions of traditional evaporation, coating and flexo printing, rather than ink-jet approaches. Suppliers will have to meet the specialized requirements for viscosity, volatility and other characteristics that the industry will require, says the researcher.
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