Circuits Assembly Online Magazine - Current Issue

News

MILTON, NY – Sono-Tek Corp. purchased the Milton Industrial Park here.

The 3.13 acre parcel of land is comprised of five buildings of office/industrial space with 50,000 ft² of gross leasable floor area.

At the present time, the park is 74% leased. Sono-Tek currently occupies approximately 19,000 ft².

The acquisition was financed with a cash down payment of $400,000 and the balance of $2,100,000 in seller financing to be repaid over 20 years.

The purchase was driven by business growth over the past two years, and the anticipated continuation of this growth in 2011, requiring more space for operations.

The firm had sales of $7.3 million for the nine months ending Nov. 30. Sono-Tek’s sales goal for the current fiscal year is $10 million, an increase of 38% year-over-year.

SAN DIEGO -- A former Flextronics manager accused of insider trading has been denied bond after prosecutors asserted he is a flight risk.

MINNEAPOLIS – Dave Hillman was awarded Best of Conference at the recent SMTA International for his Pb-Free symposium presentation “NASA DoD -55° to +125°C Thermal Cycle Test Results.”

Hillman, an engineer at Rockwell Collins in Cedar Rapids, IA, received a $1,000 award.

Also winning $1,000 awards were Pradeep Lall, Rahul Vaidya, Vikrant More, Auburn University; and Kai Goebel, NASA Ames Research Center, for Best of Proceedings. The authors wrote “Interrogation of Damage-State in Lead-Free Electronics under Sequential Exposure to Thermal Aging and Thermal Cycling.”

Craig Hamilton, John McMahon, Jose Traya, Wang Yong Kang, and Khoo Kok Wei, Celestica; and Matthew Kelly and Marie Cole, IBM, also received $1000 for submitting the Best International Paper, “High Complexity Lead-Free Wave and Rework: the Effects of Material, Process and Board Design on Barrel Fill.”