FRANKLIN, MA – Speedline Technologies reported sales rose 10% sequentially during its fiscal second quarter ended June 30. Sales were up 33% over the second quarter of 2005.
In a press statement, president and chief executive Pierre de Villemejane said, “On the whole, we see positive signs
YAVNE, Israel – Valor Computerized Systems posted second quarter net profit of $1 million – a growth of nearly 150% year-on-year. Net profit for the first six months of 2006 was $1.75 million, up 68% from $1 million in the comparable period last year.
Cash flow from operating activities in Q2 was $1.7 million, up from $241,000 YOY.
Revenues in the second quarter increased 10% sequentially to $9.2 Million, from $8.4 million; the number is a 2% increase over Q2 2005.
“I’m very pleased with the results,” said Ofer Shofman, president and CEO. “The successful implementation of a restructuring process enabled us to show an increase in revenues in Q2 as well as significant increase in net profits. We have been able to penetrate several of the world’s largest electronics companies with our TraceXpert solution this quarter. We expect these deals to deliver significant business in the upcoming years and to open the doors for us into new markets.”
“By the end of the year we are planning to launch a number of new products,” Shofman revealed. “The first one, to be launched within a few months, will provide a Web-based collaboration platform between our customers and their clients.”
The company expects to see continued growth in the next quarter and has revised it annual net profit forecast from $3 million to $3.75 million.
Cash flow from operating activities in Q2 was $1.7 million, up from $241,000 YOY.
Revenues in the second quarter increased 10% sequentially to $9.2 Million, from $8.4 million; the number is a 2% increase over Q2 2005.
“I’m very pleased with the results,” said Ofer Shofman, president and CEO. “The successful implementation of a restructuring process enabled us to show an increase in revenues in Q2 as well as significant increase in net profits. We have been able to penetrate several of the world’s largest electronics companies with our TraceXpert solution this quarter. We expect these deals to deliver significant business in the upcoming years and to open the doors for us into new markets.”
“By the end of the year we are planning to launch a number of new products,” Shofman revealed. “The first one, to be launched within a few months, will provide a Web-based collaboration platform between our customers and their clients.”
The company expects to see continued growth in the next quarter and has revised it annual net profit forecast from $3 million to $3.75 million.
Jersey City, NJ – Cookson Electronics Assembly Materials has established a Global Applications Technology and Engineering group, which will join its global R&D group. The new group’s mission is to help customers solve assembly technology, yield and reliability challenges by understanding process dynamics, and incorporating internal testing and validation capabilities.
"The formation of the Global Applications Technology and Engineering group gives Cookson Electronics the ability to increase its development and output of process engineering expertise into the world of electronics manufacturing,” said Steve Brown, director of global applications technology. “This new group has been formed at a time when assemblers are continually finding new practical challenges in assembly processes, as Pb-free production becomes a daily reality. At the disposal of the group is our a global team of field applications engineers along with two fully automated SMT and wave soldering lines, with automatic solder paste inspection. This enables us to re-create and solve process problems from within Cookson Electronics labs, by using either Cookson test vehicles or customer specific PWBs."
"The formation of the Global Applications Technology and Engineering group gives Cookson Electronics the ability to increase its development and output of process engineering expertise into the world of electronics manufacturing,” said Steve Brown, director of global applications technology. “This new group has been formed at a time when assemblers are continually finding new practical challenges in assembly processes, as Pb-free production becomes a daily reality. At the disposal of the group is our a global team of field applications engineers along with two fully automated SMT and wave soldering lines, with automatic solder paste inspection. This enables us to re-create and solve process problems from within Cookson Electronics labs, by using either Cookson test vehicles or customer specific PWBs."
HERNDON, VA — The International Electronics Manufacturing Initiative (iNEMI) is launching a new project to develop testing and use condition guidelines for electronic components used in medical applications. The Medical Components Reliability Specifications Project is the first organized under the consortium’s new Medical TIG (Technology Integration Group).
The project will develop test and extrapolation methodologies to predict reliability of components in actual use. The project team plans to create a minimum set of requirements for electronic components used in implanted or life-critical devices. The project will also suggest when testing should be done, what kind of testing is required and how to apply test results.
ST. LOUIS -- LaBarge has been named sole supplier for PCBs by ZTEC Instruments, and received initial orders valued at approximately $1.6 million.
LaBarge is producing PCBs for the oscilloscopes, waveform generators and digitizers that constitute ZTEC's modular instrument platform. The platform is used to monitor systems in the telecommunications, military, medical and industrial markets. It integrates several automated test and measurement instruments into a single box.
LaBarge is producing PCBs for the oscilloscopes, waveform generators and digitizers that constitute ZTEC's modular instrument platform. The platform is used to monitor systems in the telecommunications, military, medical and industrial markets. It integrates several automated test and measurement instruments into a single box.
LaBarge is manufacturing the PCBs at its Pittsburgh facility. Production on the initial orders is expected to continue through December 2006, with additional orders anticipated.
ANAHEIM, CA – Along with its second quarter financial results, DDi Corp. announced that it has acquired PCB manufacturer Soverign Circuits and sold its assembly business to Veritek Manufacturing.
On August 8,, DDi sold its assembly business to Veritek Manufacturing Services LLC, for approx. $12 million in cash. The assembly business had unaudited net sales of $15.6 million for the six months ended June 30, 2006 and $31.1 million for 2005, with gross margins of 13% and 10%, respectively.
On August 8,, DDi sold its assembly business to Veritek Manufacturing Services LLC, for approx. $12 million in cash. The assembly business had unaudited net sales of $15.6 million for the six months ended June 30, 2006 and $31.1 million for 2005, with gross margins of 13% and 10%, respectively.
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