News
OYSTER BAY, NY - Anti-terrorism efforts may give electronics a boost as U.S. Customs aim to speed processing of incoming shipments. That could give RFID an edge in the battle for the electronic container tracking market.
Customs recently gave indications it will grant shippers meeting security guidelines expedited processing at U.S. ports. According to a new study by research firm ABI Research, continuing government programs will be the main impetus for electronic container tracking.
CBP is taking C-TPAT a step further by adding another tier of security, dubbed "C-TPAT Plus." This new program offers shippers immediate turnaround with no inspection upon arrival, in exchange for implementing more stringent requirements. These new requirements include technologies that can monitor tampering from the point of origin and provide inspectors with a record of events.
For the quarter ended Jan. 1, the company had net income of $490,000, reversing a net loss of $287,000 last year. Net income was $266,000 last quarter.
First-sales are up 49% from 2004, while net income ($756,000) is up more than $1 million.
"We are pleased with our continued revenue and earnings growth in the second quarter," said Jack Oehlke, president and chief executive, in a statement. "Our growth was primarily driven by increased production on programs for established customers involving gaming technology and specialty printer accessories and components. During the quarter, we added to our printed circuit board capacity to address the needs of those customers."
Key Tronic expects third-quarter revenues
to be flat to down 5% from the second quarter. New programs from consumer and medical technology
customers that begin later this year should boost revenues, the firm said.
"We
anticipate that our performance in the second half of fiscal 2005 will
be roughly comparable to the first half," Oehlke said.
Effective today, all current employees will transfer to EPIC. The two plants, located in
Johnson City, TN, and South Lebanon, OH, employ a combined 500 workers.
Siemens purchased the Johnson City facility in 1991 from
Texas Instruments, and acquired the South
Lebanon operations from Eaton Corp. in
2000.
"We are highly committed to maintaining the level of quality and customer service that EMC established under the Siemens brand and look forward to bringing a high level of lean manufacturing efficiency and EMS industry expertise to these operations," said John Sammut, president and CEO of EPIC, in a press release.
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