News
SALT LAKE CITY -- CirTran Corp. reported record sales and narrowed its net loss by 20% for its fiscal year ended Dec. 31.
The contract manufacturer reported a net loss of $527,708 on net sales of $12.99 million, up 46.6% from fiscal 2004. Gross profit rose 243% to $6.3 million.
The contract manufacturer reported a net loss of $527,708 on net sales of $12.99 million, up 46.6% from fiscal 2004. Gross profit rose 243% to $6.3 million.
FRANKLIN, MA – The U.S. Patent Office has issued a patent to Speedline Technologies for the method first used its Accela printer’s stencil wiper system.
US Patent no. 7,017,489 covers a method used to minimize downtime from wiper service during the printing operation. This method can be used on screen and stencil printers.
Joe Perault, Speedline manager of applications engineering, is credited with the invention.
US Patent no. 7,017,489 covers a method used to minimize downtime from wiper service during the printing operation. This method can be used on screen and stencil printers.
Joe Perault, Speedline manager of applications engineering, is credited with the invention.
GREENVILLE, SC -- Kemet Corp. has completed its previously announced acquisition of Epcos AG's tantalum capacitor business for 86.5 million euros (approximately $103 million). Kemet is paying $81.3 million in cash and the rest in assumed liabilities and working capital adjustments.
The acquisition includes the Epcos tantalum capacitor manufacturing operation in Evora, Portugal, plus certain R&D, marketing and sales functions in various locations, primarily within Europe.
The deal does not include Epcos's tantalum capacitor manufacturing facility in Heidenheim, Germany. Epcos' will continue to produce product exclusively for Kemet at the Heidenheim facility. Once the transition is completed, in September, Kemet will purchase the Heidenheim manufacturing assets.
About $93.5 million of the deal is tied to the closing. The remainder will be paid when the manufacturing and supply agreement expires in September.
The acquisition includes the Epcos tantalum capacitor manufacturing operation in Evora, Portugal, plus certain R&D, marketing and sales functions in various locations, primarily within Europe.
The deal does not include Epcos's tantalum capacitor manufacturing facility in Heidenheim, Germany. Epcos' will continue to produce product exclusively for Kemet at the Heidenheim facility. Once the transition is completed, in September, Kemet will purchase the Heidenheim manufacturing assets.
About $93.5 million of the deal is tied to the closing. The remainder will be paid when the manufacturing and supply agreement expires in September.
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