News
The first quarter loss from continuing operations rose to $1.5 million, from $1 million last year, as the company was hit with startup costs associated with new customers and new programs.
"As in most previous years, our first quarter sales declined from the
fourth quarter as our customer base typically has higher demands in the fourth
quarter," said Paul J. Plante, president and CEO in a statement.
Gross profit percentage was 11%, 110 basis points higher than last year
and 80 basis points higher sequentially.
Plante said the new programs will result in increased revenue and margin in the second quarter.
ATLANTA - Visiprise Manufacturing IL Module 1.0 is now a designated "Certified for SAP NetWeaver" application. This is an extension of the Visiprise collaboration with SAP AG previously announced in March.
The two companies will offer a turnkey business software solution that combines real-time manufacturing performance management data with Visiprise's traceability functionality, delivering information to the user through the SAP for Manufacturing dashboard.
"Offering a certified solution helps both our customers and our future prospects utilize a single platform for manufacturing performance," said Carter Johnson, VP of Strategy and Business Development at Visiprise.
Leveraging the power of SAP NetWeaver to integrate disparate technologies using preconfigured business content, users of Visiprise Manufacturing will be able to reduce the amount of time and custom integration needed to implement a global manufacturing platform. Users will be able to take advantage of plant-floor and enterprise information.
PHILADELPHIA, PA - Aegis Industrial Software Corp. has finalized a partnership agreement with Sigmatek Trading Corp. to extend sales and technical support for Aegis products further into Asia, and adding manufacturing software to the Sigmatek line of electronic equipment and consumables.
Taiwan-based Sigmatek will provide sales and sales support for Aegis products in the region, including training with first line support to end users. After initial training of Sigmatek personnel, Aegis will deploy a direct technical support team based in Taiwan, specifically to assist in these efforts.
The SlimKIC 2000 with Auto-Focus optimizes the reflow oven set up for each new production run, while the KIC 24/7 continuously and automatically monitors the process to provide the profile for each part being manufactured. It also monitors the process stability and calculates the Cpk number for each part while giving instant alarm on an out of spec situation or out of control process. Process data are automatically stored and can be traced back at any time.
According to a statement, Jurong High Tech made the investment to accommodate customers' demand for lead-free manufacturing and full thermal process traceability. The company also determined that such process tools enable it to improve productivity and consistency among its several factories in Asia. The company learned about the products through KIC's distributor Krystaltech.
ISO/TS 16949 aligns existing American (QS-9000), German (VDA6.1), French (EAQF) and Italian (AVSQ) automotive quality systems standards within the global automotive industry, eliminating the need for multiple certifications to satisfy customer requirements.
With ISO 9001:2000, it specifies the quality system requirements for the design/development, production, installation and servicing of automotive related products.
Cobar BV was accredited to ISO 9001 in 1994 and to ISO 14001 in 1997, and is also accredited to NATO's AQAP-110.
Mouser's inventory of Freescale products includes the 8-/16-/32-bit microcontrollers, including the 16-bit 9S12NE64 single-chip MCU with Ethernet connectivity; digital signal processors (DSPs) and digital signal controllers (DSCs); 32-bit microprocessors, including the PowerPC® family; RF ICs, including Zigbee; analog ICs, pressure sensors and accelerometers; clock drivers; and development tools.
ARLINGTON, VA -- Down in January, up in February, down in March, up again last month: electronic component orders continued their 2005 seesaw ride, according to the monthly order index compiled by the Electronic Components, Assemblies & Materials Association (ECA).
"Anytime you see an uptick such as the one in April, it's a good sign," said Bob Willis, ECA president (ec-central.org). "So far, it's been a positive year, but we are still seeing fluctuations from month to month as a result of manufacturers' uncertainties about where the market is heading."
Sales improved "significantly" during the quarter, the company said, and current indications "are that this strength has continued into the second quarter."
Of the sales increase, $1.24 million came from the company's Ottawa operations acquired in the first quarter 2004.
For the quarter, gross
margin increased to
$930,000, from $100,000 a year ago. Selling, general and administrative
costs were $1.14 million, down 13.6% from $1.32 million.
Sequentially, sales were slightly higher while the net loss was lower.
F. Michael Marti, president and CEO, said Adeptron "has made significant progress by reducing costs while maintaining revenue. Starting in the fourth quarter of 2004, we engaged in an aggressive and ongoing campaign to improve the cost structure. The cumulative effects of these cost reduction measures will be more evident in the second quarter and fully reflected by the third quarter."
Sales increased by 27% and maintenance revenues increased by 13% over last year's first quarter.
The financial statements incorporate for the first time the adoption of new International Financial Reporting Standards published by the International Accounting Standards Board. Net profit before expensing Share-Based Compensation was $823,000 in Q1 '05 - nearly three times higher than the same quarter last year ($295,000).
Research and Development expenses were $2.8 million - an increase of 5.7% year-on-year.
NATICK, MA -Cognex Corp., a supplier of machine vision systems, has acquired DVT Corp., a privately-held company based in Duluth, GA.
Cognex purchased the outstanding shares of DVT with a cash payment of $104 million made at the closing, and a final payment of up to $11 million in cash to be paid at the end of a one-year escrow period.
Cognex plans to maintain operations at the Georgia facility, and to continue selling and supporting the vision products through DVT's existing third-party distribution channel.
As a result of the acquisition, Cognex expects an increase in its revenue of approx. $15 - $20 million during fiscal year 2005.
Noting the "disappointing" margins of the last quarter turned in by Taiwan-based ODMs Hon Hai, Asustek and Quanta, Deutsche Bank asserted that further downsizing is ahead for the industry.
A program committee, drawn from university and industry members, will review submitted papers in a range of disciplines, including: emerging technologies, components, assembly, lead-free and business trends.
For more info, visit: http://www.npl.co.uk/ei/clubs/sstc/.
While visiting the site, also note that the FAQ page ( www.npl.co.uk/ei/news/faqs.html ) has been updated and extended.
It now poses the "Top 37 Questions" giving answers and offering advice on a range of topics relevant to lead-free soldering, including the WEEE/RoHS directives, compliance, solder replacements, equipment upgrades, component compatibility, reliability and training.
Press Releases
- Naprotek Appoints James Eisenhaure as Chief Financial Officer
- Naprotek Appoints James Eisenhaure as Chief Financial Officer
- ViTrox Announces Strategic Partnership with Maxim SMT to Strengthen Presence in India
- Incap UK achieves JOSCAR Zero accreditation – Strengthens its position in the defence and aerospace sector