SALT LAKE CITY -- CirTran Corp., an electronics contract manufacturer and supplier of energy drinks, reported 2008 revenue rose 10.3% to $13.7 million. The company's losses dropped 40.7% to $3.9 million. Operating expenses decreased 53.7% to $5.8 million.

Gross profit fell 53.4% to $1.6 million, including a $1.1 million impairment in securities and a $1.9 million interest charge.

GLENVIEWl, IL -- Illinois Tool Works reported first-quarter sales fell 24% year-over-year to $2.91 billion. The conglomerate reported a loss of $39.4 million, down from net income of $303.6 million a year ago.

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TAIPEI – Taiwan’s Intellectual Property Court has declined a preliminary injunction request by Isola Group against Taiwan Union Technology Corp. over the latter’s alleged patent infringement.
 
Nevertheless, Isola says, the decision was handed down because the materials at issue – TUC’s TU-662 and TU-752 laminates – have been on the market for “quite some time,” thus superseding an “urgent need” for the preliminary injunction.
 
According to Isola, the Taiwanese court concluded the Isola patent has novelty and inventive step and thus is valid.

TUC, however, issued a statement saying the decision “proves TU-662 and TU-752 do not infringe Isola’s patent in-suit.” TUC reiterated its stance that the claims against it are “meritless” and “malicious,” and added it has filed a civil complaint in Taiwan IP Court seeking redress for the damage to its business and reputation.

Isola has about 10 days to appeal to the Taiwan IP Court. The company said it plans to initiate civil action and will present positive evidence that will clearly demonstrate TU-662 and TU-752 infringe Isola’s patents. Isola has also filed a complaint with the US International Trade Commission seeking a ban on imports of those products.

 

ARLINGTON, VA -- The Manufacturers Alliance/MAPI today predicted US manufacturing will likely decline for the next one to two quarters, based on a recent survey of manufacturing executives.

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