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SPOKANE VALLEY, WA – EMS provider Key Tronic Corp., reported third-quarter fiscal 2008 revenue of $51.5 million, up 9% year-over-year.
 
For the first nine months of the year, total revenue was $146.8 million, down 3.8% compared to the same period last year, the company said.
 
Net income was $1.2 million, up 57% year-over-year.
 
For the first nine months, net income was $3 million, up 19% compared to the third quarter last year.
 
The company expects fourth-quarter revenue in the range of $50 million to $54 million.
NORTH BILLERICA, MABTU International Inc., supplier of advanced thermal processing equipment, said first quarter 2008 net sales were $16.6 million, up 10% year-over-year, and down 9% sequentially.
 
Net income was $100,000, down 83% from the preceding quarter, and down almost 86% compared to the first quarter of 2007.
 
“First quarter sales and income were in line with the forecasted ranges. Cash flow was positive, with a quarter-end balance of $27 million, and bookings during the quarter for both electronics and solar were strong,” said Paul J. van der Wansem, chairman and CEO of BTU.
 
“As we outlined at the end of the fourth quarter of 2007,” said van der Wansem, “we are in the midst of an aggressive program to grow our alternative energy business. Managed by our new Alternative Energy Business Group, we are adding employees and investing heavily in technology and new product development. Although the cost of these initiatives will have a negative impact on short term results, we believe they are necessary...”
 
The company remains conservative about the electronics business outlook for the second half of the year because of weakening economic conditions. BTU expects second-quarter sales in the range of $19 to $20 million.
 
Earnings are expected to show a moderate improvement compared to the quarter just finished, as the firm foresees a continuing ramp of costs associated with executing the plan to grow its alternative energy business.
ELKHART, IN – EMS provider CTS Corp. announced first-quarter 2008 revenues of $172.8 million, up 6% compared to the same period last year.

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BOSTON – Nepcon East opened today to predictably modest crowds and a surprisingly upbeat mood. Attendance was difficult to gauge. On one hand, there were ample people in the aisles. On the other, it was near impossible to know at a glance which show they were there for: Nepcon, Assembly New England or OEM New England, the latter two of which cater to distinctly different customers.  Read more ...
HERNDON, VA – The North American workshop for the 2009 iNEMI Roadmap will review drafts of most of the 22 technology/business process chapters to be included in the roadmap.
 
The full-day meeting, scheduled for May 14, at iNEMI’s Herndon, VA headquarters, provides for a two-way dialogue.
 
The registration deadline is May 8.
 
Chapter committees will give industry a “sneak peek” at work in progress, and workshop participants can provide feedback and direction to ensure that the final chapters accurately reflect the state of the industry and anticipate future directions.
 
In addition to the workshop in North America, roadmap workshops are scheduled in Europe (June 18 in Leuven, Belgium) and Asia (July 28 in Shanghai).
 
HONG KONG – Xinye Technology Enterprises has selected the Suining Innovation Industrial Zone in Sichuan Province, China, to build a new PCB manufacturing plant. Located in Southwest China, the manufacturing facility will reportedly be the largest in this area of the country when completed, occupying about 7 million sq. ft.

The company reports that it expects to take three to five years to build the facility, with a cost of over $250 million required for completion. The designed annual capability of the base will reportedly be 5 million square meters, and create 6,000 to 8,000 new jobs for the area.

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