News
ARLINGTON, VA – Among dire economic news, electronic component orders held steady in June, says the Electronic Components Association.
MINNEAPOLIS – EMS firm HEI Inc. returned to a profit in its third quarter as net sales rose 14.6%.
For the period ended May 31, the company reported net sales of $10.2 million and net income of $179,000. A year ago, HEI had a net loss of $1.8 million.
SMYRNA, GA – UP Media Group, parent company of Circuits Assembly and Printed Circuit Design & Fab, announced today that “Unlocking the Myths of Heating Technology: A Practical Tutorial,” a one-hour free Webinar, will be held July 31 at 11 a.m. PDT, 2 p.m. EDT and 6 p.m. GMT.
SAN JOSE – The worldwide EMS market grew 17.3% in 2007 and will continue to grow briskly in the coming years, a new research report claims.
MILTON, NY – Sono-Tek Corp. (sono-tek.com) named to its representatives network SRS and Associates (stonesrs.com) for TN, MS, AL and GA; Murray A. Percival Co. (murraypercival.com) for MI, IN, OH and KY; Technical Marketing Co. (technicalmarketingcompany.com) for MT, WY, UT and CO; Restronics (restronics.com/florida.html) for FL; and Cope Assembly Products for VA, WV, NC and SC. Bennett Bruntil will head the newly restructured organization.
The reps will handle Sono-Tek's solder recovery line of products. There are no announced changes to the company's spray fluxing products reps.
MIAMI – Avnet has completed its purchase of Source Electronics Corp., a provider of outsourced custom IC programming services.
Avnet acquired the company from H.I.G. Capital, a private equity firm.
Source has plants in Brazil, China, Mexico, Singapore and the US, where it provides programming services to OEMs and EMS companies.
