News
CALRSBAD, CA - Palomar Technologies, a maker of equipment and process development for electronics assembly, has moved to a 39,000 sq. ft. facility with a larger cleanroom and applications lab.
"It was important for Palomar to acquire upgraded laboratory facilities for advanced R&D and applications development," said Kevin Conlon, president of Palomar Technologies. "These new facilities will better enable us to develop the equipment and process solutions required for the advanced applications under development by our customers, notably those which require a cleanroom."
The new plant will house Palomar's central offices, design and manufacturing, a larger cleanroom, and an applications, process development and prototyping lab.
CHICAGO - Almost every leading tech firm says it will hire new employees in 2005, according to an annual survey of chief executives by a major consulting firm.
Deloitte & Touche, in its 2005 CEO Survey of the fastest growing technology companies in North America, found 95% of tech CEOs plan to hire more workers this year.
The survey was administered to CEOs of companies ranked on Deloitte's listing of the 500 fastest growing technology companies. Nearly 150 CEOs responded to the survey, conducted earlier this quarter.
Of the 95% of CEOs who say they are hiring, 42% plan to add at least 25% more employees in the next 12 months, and 19% plan to add more than 50%.
More CEOs are convinced that 2005 will bring better times. A total of 36% of respondents predicted higher growth in 2005, compared to 21% last year (results may not correlate due to differences in reporting). And almost 75% of the CEOs surveyed were "extremely" or "very" confident about their companies' future growth.
The top challenge for growth is bringing new products to market, said more than one-quarter of the respondents. Other ranking issues are pricing pressure and building strategic relationships.
Tech CEOs feel government initiatives aren't called for to promote growth over the next 12 months, the survey found.
The new facility houses a manufacturing plant for rework vision equipment, plus sales and administration offices for all APE companies.
APE's government and through-hole manufacturing will continue at its New York facility, while training, classrooms and technical development will be conducted in Key Largo.
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