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News

WEST VALLEY CITY, UT – CirTran Corp. reported net sales of $2.7 million for the quarter ended Sept. 30, down 13.3% year-over-year, driven by continued softness in the electronics assembly and contract manufacturing segments.

CirTran USA accounted for 7% and 8% of total revenues during the 2009 quarter and 2008 quarter, respectively. Revenues were generated by low-volume electronics assembly activities consisting primarily of the placement and attachment of electronic and mechanical components on PCBs and flexible cables.

CirTran Asia’s sales were 2% and 4% total revenues during the three months ended Sept. 30, 2009 and 2008, respectively. CirTran Asia manufactures and distributes electronics, consumer products and general merchandise to companies selling in international markets.

CirTran Products’ sales comprised 0% and 2% of total sales for the quarters ended Sept. 30, 2009, and 2008, respectively. The segment pursues contract manufacturing relationships in the US consumer products markets.

BANNOCKBURN, IL – North American PWB shipments in October fell 12.8% year-over-year and bookings slid 2.1%. Sequentially, shipments decreased 8.3% and orders dropped 17.4% says IPC.

AUSTIN – After hitting bottom in the first quarter, second-quarter mobile display shipments reached 360 million, up 30% sequentially and 3% year-over-year, says DisplaySearch.

Revenues were up 29% sequentially to $2.93 billion, but down 5% compared to the same period in 2008.

Double-digit growth is anticipated for 2010, the research firm said.

The saturated Western European and North American markets are expected to see subscriber growth of less than 10% year-over-year in 2009, while emerging markets like India and China are driving growth.

China remains a critical region for both handset manufacturing and demand. Local panel manufacturers have successfully maintained market share, accounting for 20% of the overall demand in 2009, says the research firm.

“The global economy is slowly recovering, fueling growth in mobile phone shipments in the second quarter,” noted Calvin Hsieh, DisplaySearch research director. “Despite this, mobile phone demand in North America and Western Europe is still less than 2008, an impact of the recession. We expect a better year in 2010, with worldwide mobile phone growth of 15% and emerging markets playing an increasingly vital role in shipments.”