Jersey City, NJ - To assist electronics assemblers in the transition to lead-free processing, Cookson Electronics Assembly Materials Group and Speedline Technologies have developed a Lead-Free Implementation Checklist. The list provides details that should be confirmed for assembly equipment, materials, shop floor segregation, training of personnel, process validation, process refinement and yield enhancement.
The list was compiled based on the process engineering and R&D experience gathered by Joe Belmonte, product manager of Speedline's Advanced Technology Group, and Chrys Shea, manager of R&D Applications Engineering at Cookson.
According to Shea, "Our informal discussion on the subject very quickly evolved into a formal process of collecting and cataloging all of the information required to run lead-free processes. Our overriding goal was to help our customers plan and execute the lead-free transition by not only providing a methodical framework to follow, but also alerting them to some of the potential pitfalls they may not have previously envisioned."
The list is available at: alphametals.com/lead_free/tech_learning3.html and speedlinetech.com/lead_free/index.aspx.
PHOENIX - Avnet Inc. has agreed to acquire Memec Group Holdings LTD in a stock and cash transaction valued at $676 million, including the assumption of $194 million of Memec debt. Combined, the distributors will have annual sales of more than $8.5 billion.
Under the terms of the agreement, Memec investors will receive a total of approximately 24.011 million shares of Avnet common stock plus $64 million in cash. The transaction, which is expected to generate cost savings of $130 million annually, is scheduled to close in 60 to 90 days.MANKATO, MN - Winland Electronics Inc., an EMS firm, announced first quarter revenue of $7 million, up 35.3% from last year. Net income increased 71.4% to $374,535 for the same period.
The increase was related to new product line items integrated from OEM customers during 2004 combined with improved sales of
the company's proprietary products.
It was a record quarter for the company, and its 13th consecutive profitable
quarter.
Gross profits for the quarter were $1.7
million, up 24.3%. Gross profit decreased as a percentage of net sales
from 26.4% in Q1 2004 to 24.2% in the first quarter
of 2005, due to higher costs from new
product designs and billable
engineering projects.
Income from operations increased 68.9% to $629,203 due to a significant increase
in sales. Total operating
expenses increased 7.5% for the first quarter to $1.1 million.
During the quarter Winland's largest customer, Select
Comfort, increased its purchase commitments by $4.5
million.
The company completed the quarter with $587,007 in cash and a current ratio of 2.75 to 1.