GREENVILLE, SC -- James P. McClintock resigned as head of business units and new business development of passives components maker Kemet Corp., effective Nov. 1.
The company did not disclose a reason in a press release issued Oct. 31.
On Oct. 26, Kemet reported a narrower quarterly loss.
McClintock is a former president and chief operating officer of the company. McClintock will receive separation pay of $320,000, a car allowance worth $6000, and health, life and disability insurance benefits for six months subject to certain terms and final agreement.
The company did not disclose a reason in a press release issued Oct. 31.
On Oct. 26, Kemet reported a narrower quarterly loss.
McClintock is a former president and chief operating officer of the company. McClintock will receive separation pay of $320,000, a car allowance worth $6000, and health, life and disability insurance benefits for six months subject to certain terms and final agreement.
HAUPPAUGE, NY -- RVSI Inspection, a maker of semiconductor and package
inspection gear, named Kevin Maddy president.
Maddy has spent 25 years in manufacturing, the past 14 in management. He has worked for Ford, Unisys, United Technologies, Howmet and SPX Corp., and played an active role in the turnaround and restructuring of Pratt and Whitney. During the past eight years, Maddy has focused on managing the turnaround of independent manufacturing facilities with sales under $200 million.
In a press statement, Maddy. said, “I am looking forward to utilizing my leadership and proven track record to help develop superior relationships with RVSI’s customers by delivering a quality product on time.”
Maddy has spent 25 years in manufacturing, the past 14 in management. He has worked for Ford, Unisys, United Technologies, Howmet and SPX Corp., and played an active role in the turnaround and restructuring of Pratt and Whitney. During the past eight years, Maddy has focused on managing the turnaround of independent manufacturing facilities with sales under $200 million.
In a press statement, Maddy. said, “I am looking forward to utilizing my leadership and proven track record to help develop superior relationships with RVSI’s customers by delivering a quality product on time.”
BOSTON -- A pair of leading makers of screen printers have signed a licensing agreement for a patented print head.
DEK will license its "ProFlow" enclosed print head technology to Ekra, for use in new machines. The deal is for five years, and financial terms were not disclosed.
The agreement also covers printers sold under the Asys name. Asys purchased Ekra earlier this year.
DEK will license its "ProFlow" enclosed print head technology to Ekra, for use in new machines. The deal is for five years, and financial terms were not disclosed.
The agreement also covers printers sold under the Asys name. Asys purchased Ekra earlier this year.
MINNEAPOLIS -- Nortech Systems
today reported record net sales of $20.9
million for the third quarter ended Sept. 30, 2005, up 9% over 2004.
Net income was up 10% to $260,357.
Year-to-date sales are up 16%, to $60.5 million, and net income is up 30%, to $498,210.
ST. LOUIS -- LaBarge Inc. reported net sales fell 9.2% year-over-year to $39.6 million for the quarter ended Oct. 2. Net
earnings were down 13% to $2 million, due to customer delays in startup programs and rescheduled
shipments.
Craig LaBarge, chief executive and president, said, "Production has now ramped up on most of the affected programs and we expect shipments to proceed without further delays."
Craig LaBarge, chief executive and president, said, "Production has now ramped up on most of the affected programs and we expect shipments to proceed without further delays."
Richardson, TX – To help the industry company with the EU’s RoHS Directive, the SMTA is offering a one-day mini-conference on Complying with RoHS. The event, moderated by Harvey Stone of the Goodbye Chain Group, will take place December 7 at the Richardson Hotel in Richardson, TX.
The sessions will focus on actual experiences that companies are having when solving difficult compliance challenges.
For the topics and agenda, visit: smta.org/education/symposia/symposia.cfm
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