TORONTO -- Electronics manufacturing services provider SMTC Corp. has expanded its San Jose footprint to accommodate more manufacturing and configure-to-order capacity, as part of its strategy on developing opportunities in the Western U.S. SMTC San Jose offers fully integrated manufacturing services ranging from assembly, testing, box-build to final product integration and customer logistics.
NEWARK, NY -- IEC Electronics' fourth-quarter revenue rose 95 % and net Income increased 577% over last year .
For the quarter ended Sept. 30, the EMS firm's revenues increased to $8.1 million, operating Income was up 671% to $447,000 (5.5% of sales), and net Income was $352,000.
It was the company's highest level of quarterly sales in over three years. Backlog is also at its highest point in three years. Since June the firm has added more than 100 employees.
W. Barry Gilbert, Chairman of the Board and CEO, said, "Barring unforeseen events we expect sales and profitability to continue to show quarterly improvements over the same period from the previous year. "
IEC has renegotiated its loan agreement with Keltic Financial LLC to increase borrowing capacity and to reduce associated borrowing costs.
For the quarter ended Sept. 30, the EMS firm's revenues increased to $8.1 million, operating Income was up 671% to $447,000 (5.5% of sales), and net Income was $352,000.
It was the company's highest level of quarterly sales in over three years. Backlog is also at its highest point in three years. Since June the firm has added more than 100 employees.
W. Barry Gilbert, Chairman of the Board and CEO, said, "Barring unforeseen events we expect sales and profitability to continue to show quarterly improvements over the same period from the previous year. "
IEC has renegotiated its loan agreement with Keltic Financial LLC to increase borrowing capacity and to reduce associated borrowing costs.
FORT WASHINGTON, PA — Kulicke & Soffa Industries Inc. today closed the previously announced purchase of die bonder equipment maker Alphasem.
K&S paid a $27.1 million in cash for the former Dover Technologies unit.
K&S chairman and chief executive Scott Kulicke said, “We had identified die bonding equipment as a natural growth path for K&S. The Alphasem purchase is the most attractive way for us to enter that market.
According to the most recent VLSI Research market data report, Alphasem held a 10% share of the $520 million die bonder market in calendar 2005. Alphasem had sales of approximately $60 million in 2005 for die bonders, related materials and services, and employs 260 workers.
K&S paid a $27.1 million in cash for the former Dover Technologies unit.
K&S chairman and chief executive Scott Kulicke said, “We had identified die bonding equipment as a natural growth path for K&S. The Alphasem purchase is the most attractive way for us to enter that market.
According to the most recent VLSI Research market data report, Alphasem held a 10% share of the $520 million die bonder market in calendar 2005. Alphasem had sales of approximately $60 million in 2005 for die bonders, related materials and services, and employs 260 workers.
SACRAMENTO – The California Department of Toxic Substances Control will hold a public workshop this week to solicit input and update stakeholders on the development of regulations prohibiting the sale of non-RoHS compliant electronic devices in California.
The workshop will be held Nov. 9, at the CalEPA Building in Sacramento. A remote videoconference will take place in Glendale, CA. All interested parties are invited to participate.
The workshop will be held Nov. 9, at the CalEPA Building in Sacramento. A remote videoconference will take place in Glendale, CA. All interested parties are invited to participate.
ALAMEDA, CA -- Research firm Technology Forecasters will hold its fourth quarter Quarterly Forum on Dec. 6-7 in Sausalito, CA.
The event includes two optional workshops: Advancing Supply Chain Maturity with Lean and Collaborative Techniques, presented by eKNOWtion, and Evaluating the Value of Distributor Design Services, presented by TFI senior consultant Warren Miller and Hearst Publishing executive Steve Cholas.
Reports due out during the Quarterly Forum:
The event includes two optional workshops: Advancing Supply Chain Maturity with Lean and Collaborative Techniques, presented by eKNOWtion, and Evaluating the Value of Distributor Design Services, presented by TFI senior consultant Warren Miller and Hearst Publishing executive Steve Cholas.
Reports due out during the Quarterly Forum:
- Gauging Environmental Preparedness and Recommendations for Best Practices.
- The Status of Supply Chain Software Solutions: What companies have and what they want
- India: The Next Big Opportunity?
WEYMOUTH -- DEK has stepped up its collaboration with top vision
OEMs following the completion of a recent solder paste inspection
development project.
The collaborative project integrated DEK paste printer event data with post-print inspection and SPC reports from the SPI system. The output enables users to pinpoint paste-related printing issues in real-time, DEK said in a press release.
DEK, in conjuction with AOI equipment providers Orbotech, CyberOptics and Koh Young, is working on improving measurement accuracy for print quality control.
The collaborative project integrated DEK paste printer event data with post-print inspection and SPC reports from the SPI system. The output enables users to pinpoint paste-related printing issues in real-time, DEK said in a press release.
DEK, in conjuction with AOI equipment providers Orbotech, CyberOptics and Koh Young, is working on improving measurement accuracy for print quality control.
