MINNEAPOLIS – HEI reported fourth quarter sales of $11.8 million, up 133% over last year.

For the period ended Aug. 30, the company reported $473,000 in net profits, easily topping its previous earnings year-to-date. The company had a net loss of $723,000 in the year-ago quarter.

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ELKHART, IND – CTS Corp. will reduce headcount by about 60 positions as part of an operational restructuring, the company said. The company will also consolidate certain operations and to improve its cost structure. Read more ...

SHENZHEN -- Huawei, one of China's largest electronics OEMs, took its cellphone manufacturing group off the market, saying the world financial situation must first be resolved.

"Given the current global market conditions and prevailing economic uncertainty the interests of the company are best served by postponing the sale process," Huawei said in a press release.

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BANNOCKBURN, IL – IPC has published a standard said to be the first for power conversion.
 
IPC-9592, Requirements for Power Conversion Devices for the Computer and Telecommunications Industries, covers product attributes, including specifications and document requirements; design; qualification testing; and manufacturing conformance testing.
 
"With the release of IPC-9592, the power supply industry will have a standard that will facilitate communication between the customer and supplier at a level that is unprecedented in this industry," said Dr. Scott Strand, senior technical staff member, integrated technology delivery quality, IBM, in a press release.
 
“IPC-9592 harmonizes the requirements for design, qualification, and production test practices,” said Jerry Strunk, technical manager of qualification and compliance, Lineage Power. “Suppliers that adopt this standard will be better able to provide customers reliable products.”
 
The committee is now working on the first revision of the document.