News
MILTON, NY -- Sono-Tek's August quarter sales rose 13% year-over-year to $1.61 million but the company swung to a net loss of $177,000.
For the period ended Aug. 31, the Company reversed its previous year's profits of $12,000, citing increased spending on technical and market developments for a new business development program.
Chairman and CEO Dr. Christopher L. Coccio attributed the increase to the new business development program, and noted that the sales increase was based on products such as the Exactacoat and Flexicoat, which serve the new solar and fuel cell markets, WideTrack systems for new glass customers and our first textile finishing system, and the new line of SonoDry ultrasonic spray dryers for the pharmaceutical and nanotechnology industries.
For the period ended Aug. 31, the Company reversed its previous year's profits of $12,000, citing increased spending on technical and market developments for a new business development program.
Chairman and CEO Dr. Christopher L. Coccio attributed the increase to the new business development program, and noted that the sales increase was based on products such as the Exactacoat and Flexicoat, which serve the new solar and fuel cell markets, WideTrack systems for new glass customers and our first textile finishing system, and the new line of SonoDry ultrasonic spray dryers for the pharmaceutical and nanotechnology industries.
SAN JOSE -- North American manufacturers of semiconductor equipment booked $754 million in orders in
September 2008 on a three-month average basis, down 13% from revised August figures and off 39% year-over-year.
The book-to-bill ratio was 0.76, meaning $76 worth of orders were received for every $100 of product billed for the month, SEMI said.
NASHVILLE -- Sean McShefferty, a veteran of more than 20 years in electronics manufacturing and North American electronics sales manager at Kyzen, died Oct. 12 following a long battle with cancer.
In a statement, Kyzen vice president Tom Forsythe said, “It is with deep sorrow that we received word of Sean McShefferty’s passing. Sean has battled stomach cancer for nearly two years and until quite recently had remarkably maintained a near-normal schedule, not only managing to continue with his duties at Kyzen but also being active at his church, in outreach programs for cancer awareness, as well as supporting other cancer patients and survivors.
In a statement, Kyzen vice president Tom Forsythe said, “It is with deep sorrow that we received word of Sean McShefferty’s passing. Sean has battled stomach cancer for nearly two years and until quite recently had remarkably maintained a near-normal schedule, not only managing to continue with his duties at Kyzen but also being active at his church, in outreach programs for cancer awareness, as well as supporting other cancer patients and survivors.
SILVER SPRING, MD – The International Electronics Manufacturing Initiative is offering a medical electronics forum on Nov. 14 in Silver Spring, MD.
This free event, hosted by the US Food and Drug Administration, will discuss requirements and recommendations developed for the electronics industry to ensure reliability of components used in medical products.
Forum topics include existing and related standards and test methods; use conditions for life-critical medical components; test and extrapolation methodologies; sampling population assessment; range and conditions of applicability; test methodologies and criteria; medical grade guidelines; failure modes and effects analysis of MLCC failures, and accelerated life test methods to determine long-term leakage and breakdown failures of MLCCs.
Register by Oct. 31 at http://www.inemi.org/register.php?id=63.
TORONTO – Adeptron Technologies will provide $15 million a year in electronics manufacturing services to an undisclosed OEM, the EMS firm said today.
The deal has "the potential to increase significantly," Adeptron said, because of sales growth of the product lines and from possible additional manufacturing support services for other current and future products.
Adeptron said the Canada-based OEM designs a "top-selling range of proprietary technology products that are marketed worldwide." The company indicated the product is used in office and educational environments.
Full ramp of manufacturing is expected to take place during the first quarter 2009.
Adeptron has annual sales of $250 million, including revenues generated by a partner in China.
GLENVIEW,
IL – Illinois Tool Works reported third-quarter net income slipped 7.5%
even on an 11% jump in revenues, the latter spurred by acquisitions and
favorable currency translations. Base revenues fell 0.8% on lower volumes
partially offset by higher raw material price recovery.
WASHINGTON, DC – Big industry production fell lower in September than it had since late 1974, largely as a result of hurricanes Gustav and Ike.
The Federal Reserve reported production at US factories, mines and utilities plunged 2.8% last month, in addition to a 1% drop in August.
The Fed estimated hurricane-related disruptions accounted for about 2.25 points of the total drop. In addition, a strike affecting the commercial aircraft industry also was a factor, accounting for around 50 basis points.
Economists originally forecast a September decline of 0.8%.
BANNOCKBURN, IL – The Emerging/Critical Interconnection Technology program will receive $2 million in federal appropriations for 2009, up 60% year-over-year.
The E/CIT program was created in 2002 to strengthen the Department of Defense and the US PCB industry.
Operated by Naval Surface Warfare Center, Crane (IN) Division, E/CIT is designed to ensure the military has the latest technical capabilities, processes and equipment to support war-fighter requirements.
The program facilitates solutions to current military problems and evaluates leading-edge design and manufacturing technologies for future military and commercial requirements.
IPC is among the groups that has advocated for funds for the program.
The E/CIT program was created in 2002 to strengthen the Department of Defense and the US PCB industry.
Operated by Naval Surface Warfare Center, Crane (IN) Division, E/CIT is designed to ensure the military has the latest technical capabilities, processes and equipment to support war-fighter requirements.
The program facilitates solutions to current military problems and evaluates leading-edge design and manufacturing technologies for future military and commercial requirements.
IPC is among the groups that has advocated for funds for the program.
SMYRNA, GA – UP Media Group Inc. seeks abstracts for PCB Design Conference East 2009, to be held Apr. 27 - May 1 in Waltham, MA.
The event at Westin Waltham Boston includes a one-day exhibition on Apr. 29.
PCB East is a five-day conference focusing on PCB design, engineering and fabrication. The conference is comprised of a three-day technical conference and a professional development certificate program of one- and two-day courses.
Papers and presentations of the following durations are sought for the technical conference: one-hour lectures and presentations, two-hour workshops, and half-day seminars.
Papers and presentations of one-day and two-day tutorials are sought for a professional development certificate program.
Suggested topics include high-speed, high-frequency and signal integrity; component placement; EMI/EMC analysis; thermal analysis; Pb-free processes (especially how they affect design and fabrication); environmental legislation (REACH, RoHS, etc.) and its effects; RF and microwave design; packaging design; mixed-signal design; area arrays; FPGA design and implementation; embedded passives and active devices; flexible circuitry; HDI design and technologies; PCB design/layout basics; component library creation and management; design for manufacture, test and assembly; design (including analog, digital and power supplies); PCB fabrication; surface finishes; industry forecasts, and business and supply chain issues.
Submit abstracts by Nov. 14 at www.pcbeast.com/speakers/abstract.shtml, or email requested information to knargitoth@upmediagroup.com.
If selected, final papers and presentations will be due in March.
Printed Circuit Design & Fab and Circuits Assembly magazines are media partners for the event.
For more information, visit www.pcbeast.com.
SEOUL -- The suitors for Daewoo Electronics include a US private equity firm and a Russian manufacturer, the company's creditors said today.
Woori Bank and Korea Asset
Management, which own 97.5%of the South Korean consumer and white goods OEM, disclosed Ripplewood and Digilant Systems as finalists. The sale is expected to be completed by year-end.
ST. LOUIS – LaBarge Inc. has received an add-on contract for $7 million from Raytheon Missile Systems to continue to provide cables and electronics assemblies for the Tactical Tomahawk cruise missile.
The contract is in addition to the $9.2 million the firm announced last February.
Production at LaBarge’s Joplin, MO, and Huntsville, AK, facilities is expected to begin in November and continue through July 2010.
The contract is in addition to the $9.2 million the firm announced last February.
Production at LaBarge’s Joplin, MO, and Huntsville, AK, facilities is expected to begin in November and continue through July 2010.
WOBURN, MA – From the ashes of MassTech EMS and Nexus Nano Electronics has come a new electronics manufacturing company: Newview EMS Corp.
Paul Walker, former founder and CEO of SMTC, is reportedly involved with the new company, as is Jerry Panos, the former CEO of MassTech and Neo Nano.
The new company is located at the former Nexus Electronics site on New Boston St. in Woburn, MA.
Paul Walker, former founder and CEO of SMTC, is reportedly involved with the new company, as is Jerry Panos, the former CEO of MassTech and Neo Nano.
The new company is located at the former Nexus Electronics site on New Boston St. in Woburn, MA.
This new development marks an end to the various incarnations of Nexus Nano. Last November, Titan Global Holdings purchased the assets of Nexus Nano, including the former Nexus Electronics site in Woburn and the Nexus operations in Brandon, VT. The division was renamed Neo EMS shortly thereafter.
However, Titan quickly decided to sell the division. The Neo EMS facility in Vermont was closed Aug. 13. The company’s answering service references callers to Titan Global Holdings’s corporate headquarters in Richardson, TX.
Nexus had revenues of $12 million in the period ended June 30, 2007. Titan has not reported the group’s revenues for fiscal 2008.
