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AUSTIN, TX — September shipments of large-area TFT LCD panels reached 52 million units, up 2% sequentially and 25% year-over-year.
SCOTTSDALE, AZ – Overland Storage will outsource certain data storage product manufacturing to Foxconn Technology Group. The companies did not specify the terms of the contract.
The agreement will lead to an increased manufacturing capacity and improved operating efficiency, Overland said. It did not disclose which product line would be outsourced, or where production would take place.
SINGAPORE -- Flextronics has signed an agreement to acquire Slomedical S.R.O through a share purchase agreement. The deal is expected to close before the end of the calendar year, pending required regulatory clearances.
TIJUANA, MEXICO -- Flextronics has completed a major expansion of its campus here, adding plastic injection molding, plastic extrusion and clean-room assembly operations.
TORONTO -- Celestica swung to a third-quarter net loss of $600,000 on revenue of $1.56 billion on weaker end-market demand and higher restructuring costs.
WASHINGTON, DC – The US Environmental Protection Agency will fine Samsung $205,000 for claims the firm’s keyboards were antimicrobial and inhibited germs and bacteria.
The claims made on labels and promotional material for netbook and notebook computers rendered those products pesticides, according to the EPA.
Because the firm didn’t register the products as pesticides with the EPA, they were found to be in violation.
In addition to paying the fine, Samsung will remove these claims, and has notified its retailers and distributors to do the same.
BIRMINGHAM, ENGLAND – The Tetrabromobisphenol-A market is ramping on increased demand in Asia, a blow to those seeking to ban the popular flame retardant.
SAN FRANCISCO -- Nokia has filed claims in US court, alleging rival Apple's iPhone violates Nokia patents for certain mobile phone wireless standards.
LOUISVILLE, KY – Sypris Solutions has appointed Paul Larochelle president of Sypris Technologies, effective Oct. 26.
Larochelle, who was also named vice president of Sypris Solutions, will be located at Sypris Technologies’ headquarters in Louisville and will report to Jeffrey T. Gill, president and CEO of Sypris Solutions.
Larochelle last served as VP of the structural products group of Dana Corp.
Sypris Solutions is an EMS provider focused on the defense markets.
MIAMI – A Heico Corp. subsidiary has acquired Dukane’s Seacom division, a maker of underwater locator beacons. Financial terms were not disclosed.
The business, which Heico has renamed Dukane Seacom, will be part of Heico’s Electronic Technologies Group. Its operations will remain in St. Charles, IL.
The firm said Dukane Seacom's management would remain with the business in their pre-acquisition roles. It does not expect other near-term staff turnover to result.
Heico expects the acquisition to be accretive to its earnings per share during the year following closing.
