News
Valor Computerized Systems (Yavne, Israel), a software solutions provider to the electronics industry, has reported an improvement in its revenue for the first quarter of 2004.
Business in the global electronics industry is picking up, which is positively impacting the company's overall business. Revenues in the first quarter increased by 16.4% to $7.15 million, up from $6.14 million in Q1 2003.
During the quarter, Valor experienced a steep increase in research and development investments, due to the purchase of 50% of Danish company TraceXpert and the development of new products. R&D expenses rose 60% from the same quarter last year to $2.66 million. The company's headcount increased to 199, a raise of 16% mainly attributed to the increase in the R&D force.
Selling and marketing expenses were the same as the previous quarter at $3.34 million, up 9.6% from the previous year. +Product sales generated $4.6 million, up 20% year-on-year.
Due to the investments in new products, the net profit for Q1 was $295,000, down from $623,000 in Q1 2003. However, positive cash flow from operating activities reached $1.25 million.
Copyright 2004, UP Media Group. All rights reserved.
March Plasma Systems (Concord, CA) recently established direct operations in Japan. The new March offices are located in the Nordson facility in Tokyo, Japan.
"With a growing customer base in Japan, our new offices in Tokyo allow us to provide our customers with local sales and service support," said Peter Bierhuis, president.
The Japan facilities will be equipped with March plasma treatment systems for customer training, demonstration and applications support. To manage Japanese operations, March appointed Terumitsu Tsuji as business manager, Japan and named Yuji Takai regional sales manager.
Other recent activities include the appointment of new distributors for the semiconductor and printed circuit board (PCB) market segments, and the formation of strategic alliances with key allied equipment partners in the Japanese market.
March Plasma Systems is a provider of gas plasma technology for semiconductor, PCB and webbed material industries.
Copyright 2004, UP Media Group. All rights reserved.
Electronics manufacturing services (EMS) provider EPIC Technologies (Rochester Hills, MI) has recently added two new surface-mount technology lines to its facility in Juarez, Mexico. The new Siemens lines bring EPIC's Mexico capacity to a total of seven lines. Steve Fraser, general manager of EPIC's Norwalk, OH, facility, said the company specifically uses Siemens machinery because of its quick changeover capability that allows for flexibility and accuracy.
Fraser said, "In addition to the new Siemens lines, we have added another EPM wave solder machine, EPM vapor phase rework station for fine pitch, flip chip and ball grid array (BGA devices) and two vapor phase inline reflow ovens in our Juarez location."
The vapor phase reflow ovens use an inert Teflon solution, which will not leave a residue on the printed circuit boards that go through it. One of the advantages of vapor phase reflow ovens is the lower operating temperatures (lead solder 200oC and lead free 230 oC). The company will now be poised to handle most lead-free alloys.
EPIC's 70,000 sq. ft. operation in Juarez opened in July 2002 with just over 100 employees. The staff grew to 260 workers last summer, with current employment in Mexico at over 600 people. In addition, the operation has implemented a 24/7 schedule since January to provide additional capacity and flexibility. The success in Juarez has led EPIC's management to conduct a preliminary analysis to expand their Mexican operations, possibly with an additional site in late 2004.
Copyright 2004, UP Media Group. All rights reserved.
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