News
Thief River Falls, MN – Quatech, a wholly owned subsidiary of DPAC Technologies Corp., signed a distribution agreement with Digi-Key. Products distributed by Digi-Key include wireless modules and external device servers. These modules afford designers the opportunity to use finished RF designs in their own projects, which results in rapid design turnaround time and frequently, reduced costs.
Digi-Key will also stock Fox Electronic’s range of crystals, oscillators, VCXOs, TCXOs and OXCOs. New products will be added to Digi-Key’s line as they are announced by Fox.
Digi-Key will also stock Fox Electronic’s range of crystals, oscillators, VCXOs, TCXOs and OXCOs. New products will be added to Digi-Key’s line as they are announced by Fox.
Digi-Key also signed an agreement to stock Future Designs Inc.’s USB in-circuit programs and an LCD demonstration kit. FDI is a design consultant for a variety of products from Philips Semiconductors.
Irvine, CA – The electronics group of Henkel plans to broaden its scope in India, with several of its top customers setting up production centers in the region. Development plans include the expansion of the local sales force through direct sales and distribution channels, growth of the technical applications staff, establishment of product manufacturing and refinement of logistics operations.
The company has appointed Bhavesh Muni as global director of business development for India. Muni has spent the last four years with Henkel in various sales and product management roles, and is a native of Bhavnagar, Gujarat, India.
“India has been on our radar screen for quite some time,” said Patrick Trippel, president. “With an office and support team already in place in Bangalore, we are now taking our regional commitment to the next level with the expansion of the sales and application staffs and the appointment of Bhavesh Muni to the newly-created business development role.”
The company has appointed Bhavesh Muni as global director of business development for India. Muni has spent the last four years with Henkel in various sales and product management roles, and is a native of Bhavnagar, Gujarat, India.
“India has been on our radar screen for quite some time,” said Patrick Trippel, president. “With an office and support team already in place in Bangalore, we are now taking our regional commitment to the next level with the expansion of the sales and application staffs and the appointment of Bhavesh Muni to the newly-created business development role.”
TOKYO – KYOSAN DENSO Manufacturing Kentucky, DENSO Corp.’s subsidiary in Mt. Sterling, KY, plans to expand its 80,700 sq. ft. facility by adding 84,500 sq. ft. The $27.1 million investment will also create approximately 150 new jobs by 2010 (the plant current employs 280).
Due to the expansion, capital was increased $16 million last month.
“With this expansion, we will be able to increase our production of automotive fuel pump modules and their components, including fuel filters and flanges,” said president Shunichiro Hiromasa. “We aim to increase sales to $160 million by fiscal year 2010, from $74 million in fiscal year 2005.”
Construction of the new facility is scheduled to begin in August and be completed by March 2007. Production should begin in June 2007.
KYOSAN DENSO assembles automotive fuel system components, fuel pump modules and on-board refueling vapor recovery valves for North American car manufacturers.
Due to the expansion, capital was increased $16 million last month.
“With this expansion, we will be able to increase our production of automotive fuel pump modules and their components, including fuel filters and flanges,” said president Shunichiro Hiromasa. “We aim to increase sales to $160 million by fiscal year 2010, from $74 million in fiscal year 2005.”
Construction of the new facility is scheduled to begin in August and be completed by March 2007. Production should begin in June 2007.
KYOSAN DENSO assembles automotive fuel system components, fuel pump modules and on-board refueling vapor recovery valves for North American car manufacturers.
Cary, NC -- Products manufactured and distributed through Metech will now be marketed under the LORD Corp. label. LORD, a supplier of electronic and microelectronic adhesives, coatings, encapsulants and sealants, purchased Metech in 2000.
Metech is known for its cermet and polymer thick film pastes for the hybrid microelectronic, PCB and component industries.
Greg Melso, prior VP of sales and marketing for Metech, will serve as the global business development manager for LORD’s Electronic Boards and Components Industry Group.
Metech is known for its cermet and polymer thick film pastes for the hybrid microelectronic, PCB and component industries.
Greg Melso, prior VP of sales and marketing for Metech, will serve as the global business development manager for LORD’s Electronic Boards and Components Industry Group.
RICHARDSON, TX -- TXP Corp., a provider of pre-manufacturing services announced results for the three and six months ended June 30, 2006. Revenue for the second quarter increased 34% to $1.9 million, up from $1.4 million in Q2 2005.
Operating income was $21,000, compared to a loss of $43,000 for the second quarter last year. Net loss was $4.1 million, or $0.04 per share, compared to net loss of $88,000 or $0.00 per share, for Q2 2005. Net loss included non-cash charges of $4.3 million related to a change in the fair value of derivative financial instruments, and $465,000 related to gain on early extinguishment of debt.
Michael C. Shores, president and chief executive, said in a press release, "I am extremely pleased to report that we achieved an operating profit for the second quarter of fiscal 2006 -- a major accomplishment, given the early stage of our business. Moreover, our customer base has grown to over 93 customers at the end of the second quarter, from 63 customers at the same time last year."
Operating income was $21,000, compared to a loss of $43,000 for the second quarter last year. Net loss was $4.1 million, or $0.04 per share, compared to net loss of $88,000 or $0.00 per share, for Q2 2005. Net loss included non-cash charges of $4.3 million related to a change in the fair value of derivative financial instruments, and $465,000 related to gain on early extinguishment of debt.
Michael C. Shores, president and chief executive, said in a press release, "I am extremely pleased to report that we achieved an operating profit for the second quarter of fiscal 2006 -- a major accomplishment, given the early stage of our business. Moreover, our customer base has grown to over 93 customers at the end of the second quarter, from 63 customers at the same time last year."
WEST HAVEN, CT – Enthone Inc., a business of Cookson Electronics, has introducing dedicated Simple Chinese and German language content throughout its Website (enthone.com). The content provides both product information, as well as data tailored to address technology needs, product applications and other requirements for customers in the Asia-Pacific region and Germany.
The user may access the new language Website areas by clicking on the "Select Language" drop down menu located in the upper left quadrant of every page.
The user may access the new language Website areas by clicking on the "Select Language" drop down menu located in the upper left quadrant of every page.
Huub van Dun, president of Enthone Inc., said: "There is no doubt that the substantial growth, acceptance and continued demand of Enthone products throughout the Asia-Pacific region has mandated the rebirth of the enthone.com site to better serve our customers. Concurrently, Germany continues to be Enthone's largest market throughout Europe where the development and acceptance of products for the automotive and plumbing industries have global impact."
Enthone is a supplier of specialty chemicals and coatings used in the electronics and surface finishing industries.
Enthone is a supplier of specialty chemicals and coatings used in the electronics and surface finishing industries.
ATLANTA, GA — UP Media Group Inc. and Circuits Assembly have partnered with Kitmondo.com, one of the world’s largest online marketplaces for used equipment.
The new online marketplace, powered by Kitmondo, is available at circuitsassembly.kitmondo.com/. The online marketplace provides subscribers with access to thousands of classified listings containing used PCB assembly equipment, used SMT equipment and used semiconductor equipment.
The global used equipment market (all categories) is estimated at $100 billion annually. Kitmondo.com has 5,100+ equipment listings in the PCB Assembly category and boasts advertisers in 58 countries.
"We have found that Kitmondo generates specific customer interest in our products and allows us to only pay when we make a sale, thus eliminating upfront costs of advertising,” said Alden Lewis of NEA Inc., who uses Kitmondo to sell PCB assembly equipment.
The new online marketplace, powered by Kitmondo, is available at circuitsassembly.kitmondo.com/. The online marketplace provides subscribers with access to thousands of classified listings containing used PCB assembly equipment, used SMT equipment and used semiconductor equipment.
The global used equipment market (all categories) is estimated at $100 billion annually. Kitmondo.com has 5,100+ equipment listings in the PCB Assembly category and boasts advertisers in 58 countries.
"We have found that Kitmondo generates specific customer interest in our products and allows us to only pay when we make a sale, thus eliminating upfront costs of advertising,” said Alden Lewis of NEA Inc., who uses Kitmondo to sell PCB assembly equipment.
N. Billerica, MA --Transition Automation has been awarded patent # 5,887,312 for its Universal Holder System.
The key benefit is a unique pin and open circular window that allows users to quickly change blades, and know that they are referenced properly in the holder.
The design is insensitive to contamination and residual solder paste, thereby improving the accuracy and clamping performance when users install new blades. Transition Automation includes this patented design on Universal Holders it sells for retrofitting SMT printers.
The key benefit is a unique pin and open circular window that allows users to quickly change blades, and know that they are referenced properly in the holder.
The design is insensitive to contamination and residual solder paste, thereby improving the accuracy and clamping performance when users install new blades. Transition Automation includes this patented design on Universal Holders it sells for retrofitting SMT printers.
El Segundo, CA —Motorola Inc. was the star of the mobile-phone business once again in the second quarter, with its shipments increasing by an industry-leading 5.8 million units during the period, according to iSuppli Corp. The company is closing its gap with market-leader Nokia, but remained in second place in terms of unit shipments.
Motorola’s mobile-phone shipments amounted to 51.9 million units in Q2, up 12.6% sequentially from 46.1 million. Company market share rose to 23%, from 21% in Q1.
Nokia achieved 4.4% sequential growth in mobile-phone shipments, a slightly better performance than the overall market. The Finnish firm gained 1 point of share to 35%. The company shipped 78.4 million units this quarter, compared to 75.1 million in Q1.
Samsung Electronics Co. Ltd. suffered a setback in the second quarter due to disappointing overseas sales. The company’s biggest decline in shipments came from Europe.
Company phone shipments declined to 26.3 million units, down 9.3% from 29 million in the first quarter. Its market share declined by 1 point to 12%. However, Samsung’s mobile-phone Average Selling Prices improved by 1.5% as the company avoided low-end products for emerging regions.
Sony Ericsson posted the largest percentage increase in shipments among the top-five players, with its units rising to 15.8 million, up 18.8% from 13.3 million in Q1. The company has been making gains with its Walkman line of mobile phones, which accounted for 25% of its second quarter unit shipments. The company’s share rose to 7%, surpassing LG Electronics to take fourth place in the market.
Motorola’s mobile-phone shipments amounted to 51.9 million units in Q2, up 12.6% sequentially from 46.1 million. Company market share rose to 23%, from 21% in Q1.
The company benefited from its thin form-factor phones, including its successful RAZR. Tina Teng, analyst, wireless communications, for iSuppli, notes, “About 40% of Motorola’s second-quarter unit shipments were of its trademark thin form-factor phones, and 32.8% were RAZRs. Motorola’s market-share gains were most notable in China, North America and India.”
Nokia achieved 4.4% sequential growth in mobile-phone shipments, a slightly better performance than the overall market. The Finnish firm gained 1 point of share to 35%. The company shipped 78.4 million units this quarter, compared to 75.1 million in Q1.
Samsung Electronics Co. Ltd. suffered a setback in the second quarter due to disappointing overseas sales. The company’s biggest decline in shipments came from Europe.
Company phone shipments declined to 26.3 million units, down 9.3% from 29 million in the first quarter. Its market share declined by 1 point to 12%. However, Samsung’s mobile-phone Average Selling Prices improved by 1.5% as the company avoided low-end products for emerging regions.
Sony Ericsson posted the largest percentage increase in shipments among the top-five players, with its units rising to 15.8 million, up 18.8% from 13.3 million in Q1. The company has been making gains with its Walkman line of mobile phones, which accounted for 25% of its second quarter unit shipments. The company’s share rose to 7%, surpassing LG Electronics to take fourth place in the market.
LG Electronics slid to fifth place on a 1.9% decline in unit shipments due to competition in the U.S. market with rival Motorola. The company’s most-talked-about mobile phone, Chocolate, is expected to be available in the U.S. market in the fourth quarter to help boost the company’s results.
New Tripoli, PA -- Strong demand for semiconductors is keeping the chemical and material market in high gear, according to a recent report published by The Information Network.
The worldwide market for chemicals and materials for semiconductor manufacturing grew 6.1% in 2005 and is projected to grow another 20% in 2006.
“We continue to see strong demand across all businesses, especially in North America and Asia-Pacific,” said Dr. Robert N. Castellano, president of the market research company. “The market is being driven by strength in demand for CMP pads and slurries, along with increased sales of deep ultraviolet photoresists and related products in all regions.”
According to TIN, the clear winner in the market is the silicon wafer sector, growing 21.9% in revenues in 2006. Higher pricing, increased volume demand across all diameters and 300 mm capacity ramp-up helped promote growth. For 2006, SEH will lead the wafer market with a 33% share.
The worldwide market for chemicals and materials for semiconductor manufacturing grew 6.1% in 2005 and is projected to grow another 20% in 2006.
“We continue to see strong demand across all businesses, especially in North America and Asia-Pacific,” said Dr. Robert N. Castellano, president of the market research company. “The market is being driven by strength in demand for CMP pads and slurries, along with increased sales of deep ultraviolet photoresists and related products in all regions.”
According to TIN, the clear winner in the market is the silicon wafer sector, growing 21.9% in revenues in 2006. Higher pricing, increased volume demand across all diameters and 300 mm capacity ramp-up helped promote growth. For 2006, SEH will lead the wafer market with a 33% share.
Santa Clara, CA -- Taking another stride in its recently launched yearlong turnaround effort, Sun Microsystems has laid off about 950 more U.S. employees, including about 430 in the Bay Area, the company confirmed Monday.
This second round of pink slips papered the computer-server and software maker's Newark campus and other sites across the U.S., with additional cuts in Canada, Europe and Asia. Sun spokeswoman Stephanie Hess said in a press release that a worldwide figure totaling the latest job cuts was not available.
This second round of pink slips papered the computer-server and software maker's Newark campus and other sites across the U.S., with additional cuts in Canada, Europe and Asia. Sun spokeswoman Stephanie Hess said in a press release that a worldwide figure totaling the latest job cuts was not available.
TORONTO – SMTC Corp. reported revenue of $61.1 million and net income of $1.3 million, or $0.09 per share, for the second quarter ended July 2, up from revenue of $57 million and net income of $0.3 million from Q2 2005. The results are also up from the first quarter of 2006, when the company reported revenue of $59.9 million and net income of $1.0 million, or $0.06 per share.
Gross profit for the quarter was $6.8 million, or 11.2% of revenue, compared with $6.1 million, or 10.1%, for the previous quarter and $4.7 million, or 8.3% of revenue for Q2 2005.
John Caldwell, president and chief executive, said in a statement, “Strengthening revenue resulted from increased orders from both long standing and newer customers while improved margins in part reflect favorable customer and product mix.”
“The company again affirms annual guidance provided at the beginning of the year indicating that 2006 is expected to be a year of growth in both revenues and earnings,” stated Caldwell. “We expect continuing revenue growth in the last half of the year and increased net income.”
On July 21, SMTC was notified of the approval of a U.S. income tax refund of $2.7 million plus interest relating primarily to fiscal years 1999 and 2000. It is anticipated that the refund will be received in Q3 2006. Separately, on July 31, redundant land located in Texas was sold for net proceeds of approximately $1 million. Both transactions are expected to be recorded in the third quarter of 2006 and proceeds of approximately $4 million applied to reduce indebtedness.
Gross profit for the quarter was $6.8 million, or 11.2% of revenue, compared with $6.1 million, or 10.1%, for the previous quarter and $4.7 million, or 8.3% of revenue for Q2 2005.
John Caldwell, president and chief executive, said in a statement, “Strengthening revenue resulted from increased orders from both long standing and newer customers while improved margins in part reflect favorable customer and product mix.”
“The company again affirms annual guidance provided at the beginning of the year indicating that 2006 is expected to be a year of growth in both revenues and earnings,” stated Caldwell. “We expect continuing revenue growth in the last half of the year and increased net income.”
On July 21, SMTC was notified of the approval of a U.S. income tax refund of $2.7 million plus interest relating primarily to fiscal years 1999 and 2000. It is anticipated that the refund will be received in Q3 2006. Separately, on July 31, redundant land located in Texas was sold for net proceeds of approximately $1 million. Both transactions are expected to be recorded in the third quarter of 2006 and proceeds of approximately $4 million applied to reduce indebtedness.
Press Releases
- Surf-Tech Manufacturing Corp. Ensures World-Class Quality with Advanced Conformal Coating Services
- Luminovo Partners with Sluicebox to Offer an Industry-First Instant Product Carbon Footprint for Electronics
- The Assembly Show and SMTAI Announce Colocation in October
- SIA Applauds CHIPS Act Incentives for GlobalWafers Projects in Texas and Missouri