Circuits Assembly Online Magazine - Current Issue

News

BILLERICA, MA -- On March 31, BTU International executed a commitment letter for a commercial mortgage facility (ith Salem Five Cents Savings Bank in the amount of $10 million.

As of Dec. 23, the interest rate will be 6.84%. The maturity date is Dec. 23, 2015.

NEW DELHI -- The chief executive of Agilent Technologies said today that the test and measurement OEM could generate up to $300 million in annual revenues from operations in India by 2008.

The amount would be three times the company's revenue of $100 million in 2005, CEO Bill Sullivan said.

NORTH YORK, ONTARIO -- ZTest Electronics Inc. is offering shares of the company in order to raise $1.44 million in financing, the company said today. Proceeds will be used for future acquisitions and working capital.

Each unit will be priced at $0.16 and will be comprised of one common share and one-half of a common share purchase warrant. Each full warrant entitles the holder to acquire a further common share at the price of $0.24 for a period of two years from closing. The corporation will pay a finder's fee of up to 6% of the value of the units in cash.

Completion of this transaction is subject to the approval of the Toronto Exchange.

Separately, the company said directors William Brown and Cal Haverstock have tendered their resignations, effective this week. Haverstock joined the board last June.

ZTest's wholly owned subsidiary, Permatech Electronics, is an low-volume EMS provider.