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CLEARWATER, FL -- US authorities on Tuesday indicted the owner of a local distributor on charges of selling counterfeit electronics components to the US military.

WASHINGTON -- From November 2007 through May 2010, US Customs officials said they seized 5.6 million bogus chips -- yet many more are finding their way into the US and even the military.

TORONTO -- Michael Marti, chief executive of Adeptron Technologies, has resigned, the EMS firm said today.

SAN FRANCISCO -- Celestica's chief financial officer says the end-of-year outlook is shaping up per previous guidance, and the company reiterated its revenue growth of 6 to 8% for the year.

BUFFALO GROVE, IL – Panasonic Factory Solutions Company of America has moved into a new dedicated demonstration and training facility here in suburban Chicago.

ELK GROVE VILLAGE, IL – EMS firm SigmaTron International today reported first-quarter fiscal 2011 revenue of $38.1 million, up nearly 45% year-over-year.

For the period ended July 31, net income was $857,989. The contract electronics manufacturer reported a loss of $402,475 last year.

“Continuing our momentum from our last quarter, I am pleased to report a fourth consecutive profitable quarter with an increase in revenue and operating income over the fourth quarter of fiscal 2010. Our results were driven by both increased revenue from existing customers and the addition of some new customers coming up to speed,” said president and CEO Gary R. Fairhead.