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TORONTOAdeptron Technologies Corp. reported a third-quarter loss of $1.12 million, including a one-time $460,263 restructuring charge for consolidation of its Markham manufacturing facilities.
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San Bruno, CA – Worldwide Manufacturing USA Inc. announced record revenues for the third quarter of nearly $3 million, up 5.8% year-over-year.
 
This increase was the result of an increase in orders, the company said.
 
Revenues year-to-date were $8.45 million, up approximately 5% compared to the first nine months of last year.
 
Net income before tax for the third quarter was $137,553, a decrease of approximately 69%, the engineering firm and contract manufacturer said.
 
This was the result of an increase in public cost, as well as expenses associated with finding potential acquisitions for the company, Worldwide Manufacturing reported.
 
Year-to-date net profit before tax was $480,994, a decrease of approximately 15.7%.

Jimmy Wang, CEO of Worldwide, stated, "We continue to focus on acquisition targets as well as internal growth. The trend of record revenues continues."
PHOENIX – EMS provider Suntron Corp. reported net sales of $52.5 million and a net loss of $400,000 for the third quarter of 2007.
 
The results included charges of $200,000 for stock-based compensation and $100,000 for restructuring expenses.
 
Gross profit for the third quarter was $4 million, flat with the same period last year, and down 32% sequentially.
 
"Our focus on working capital management has helped us significantly reduce our bank debt to $6.4 million at the end of the third quarter of 2007," stated Paul Singh, president and CEO.
SIOUX FALLS, SDRaven Industries Inc. reported record sales and earnings for its third quarter. Continued strong demand in the flow controls division drove an 8% increase in sales, to $61.8 million, the company said.
 
Third-quarter net income was $7.4 million, up 6% year-over-year.
 
Year-to-date, sales rose $175.6 million, up 6% compared to the same period last year.
 
Year-to-date net income was $21.8 million, an 11% increase year-over-year.
 
"The flow controls division capitalized on a strong agricultural market, with good acceptance of new products and solid demand across the entire product line. The electronic systems division and Aerostar also reported double-digit increases in revenues and operating income. These advances more than offset declines in the engineered films division, which were caused primarily by increased price competition in its markets and the lack of disaster film sales," said CEO Ronald M. Moquist.
DANBORO, PA – In an effort to protect its intellectual property rights, PennEngineering has served complaints on six fastener manufacturers attending the National Industrial Fastener Show/West in Las Vegas. 

The complaints were filed Nov. 13 in Federal District Court in Nevada.
 
PennEngineering has alleged these companies were exhibiting and offering for sale products that violate one or more of the company’s trademarks and patents. 
 
PennEngineering has asked a federal district court in Nevada to require these companies immediately cease and desist from infringing activities and award PennEngineering appropriate damages. 
 
The named companies include Shanghai Jingyang Import & Export Co. Ltd.; Clinching Fasteners Co. Ltd.; Shenzhen Hongyijin Metal Co. Ltd.; Dongtai City Huwaei Standard Component Corp.; Finexpress Fastener Co. Ltd., and Richard Manno & Co. Inc.
 
The products in question include, but are not limited to Types PF11, PF12, PFC2P, PFHV, AC, AS, LAC, LAS, FH, SKC, and TPS.
SCOTTSDALE, AZ – Smartphone OS-based phones will grow at more than a 30% CAGR for the next five years globally, taking an increasing share of the overall phone market otherwise growing in single digits, reports In-Stat.
 
The unit volume of smartphones globally exceeds the unit sales for laptops, according to the research firm.
 
Users are experiencing significant value from their smartphones, In-Stat says. As a result, they are downloading more applications and generating higher usage as measured by average revenue per user for wireless carriers. 
 
“Because of the value users are finding, organizations are slowly taking ownership of smartphones and data applications used for business purposes,” says Bill Hughes, In-Stat analyst. “Rather than having overcomplicated reimbursement plans, more organizations are finding it more expedient and economical to treat wireless voice and data services as a business expense when they use smartphones.”
 
Research by In-Stat found the following: All smartphone OSs (other than the Palm OS) will grow at double digits during the next five years; a smartphone user who travels has twice the ARPU of a typical feature phone user; smartphone use will grow mostly from use as a laptop replacement, and as a tool to help manufacturers develop feature phones.

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