WAYZATA, MN – Nortech Systems reported first quarter net sales of $27.4 million, a decrease of 3% year-over-year.
BANNOCKBURN, IL – Electronics manufacturing directly supports more than 1.3 million US jobs, according to a new IPC report. For every US EMS job, three other jobs are supported in the US economy, contributing to a total of 5.3 million American jobs. Also, the industry indirectly and directly contributes $714 billion (3.7%) to US GDP.
WATERBURY, CT – Three suppliers in electronics assembly materials received notice the US Patent and Trademark Office has issued a patent for their solder alloy formulation. The patent was granted an extended expiration to June 11, 2029.
ATLANTA – Governments in several areas have started to ease quarantine orders, according to a recent ECIA survey. However, conflict between governments, citizens and businesses has resulted in some localized turbulence. A sense of urgency to reopen the economy continues to build, and additional funding has been approved after the initial round of funding to support businesses, especially small businesses, was exhausted quickly.
BUCHS, SWITZERLAND – On Apr. 30, Variosystems acquired Solve Engineering for an undisclosed sum.
VEJLE, DENMARK – EMS firm GPV reported first quarter revenue was €91 million (US$98.3 million), down 6% year-over-year.