HIALEAH, FL  -- The Nasdaq Listing Qualifications Panel has found electronics contract manufacturer Simclar Inc. in compliance with all applicable listing standards and listing of the company's shares on the Nasdaq exchange will continue.

In August Nasdaq had issued a delisting warning for Simclar's failure to file on time its second quarter 10-Q report. The delay in filing the report resulted from a review of accounting errors discovered by the company at its Brownsville, TX, and Matamoros, Mexico, facilities.

Simclar filed its second quarter report on Oct. 27, along with an amended 2005 10-K and amended 10-Q for the first quarter of 2006, both of which restated financial statements for to correct accounting errors at Simclar (Mexico) Inc.

MINNEAPOLIS -- EMS provider Nortech Systems today reported net sales rose 21% to $25.3 million for its third quarter ended Sept. 30. Net income rose 17% to $304,587 versus the third quarter 2005.

Year-to-date the company's net sales are up 28% to $77.5 million, and net income is up 76% to $498,210.

"This was an excellent quarter for us at the top line and in terms of profitability," said Mike Degen, president and CEO. "Our growth rate continues to exceed the industry average and we believe we are well-positioned for the remainder of 2006 and beyond."

The company is on pace to surpass $100 million in revenue this fiscal year, up more than 20% from 2005. The industry average is about 11%,  Degen said.

Three-month order backlogs rose 12% during the third quarter. In October the company secured an $8.5 million order for custom cable assemblies from a U.S. defense contractor, deliverable over the next 12 months.

Nortech raised its earnings for fiscal 2006 to 46 to 48 cents, compared with the 36 cents last year. The company expects revenues of $102 million to $104 million, an increase of 21 to 24% over last year.

MANKATO, MN -- Winland Electronics today announced third-quarter revenues of $9.6 million, up 29.5% from the third quarter 2005. Net income fell 11.8% to $385,456 compared to last year. Net income increased 33% sequentially.

Gross profit was $1.8 million, or 18.3% of sales, and gross profit margin increased sequentially from 15.1% for the period ended Sept. 30. Operating expenses were stable sequentially and up 16.7% to $1.1 million from last year.

Income from operations fell 13.9% to $631,262 versus last year and was up 32% sequentially.

In a press release, Winland chief executive Lorin Krueger said the company was focusing on diversifying its product mix as its major customer, Select Comfort, migrates 50% of its business to a second supplier. That previous announced transition will begin in mid November.

"During the third quarter, we brought 26 new or revised products online which included product introductions from four new customers. [W]e are optimistic that our continued efforts to diversify our customer and product offerings will offset this loss of the Select Comfort business."

NEENAH, WI -- Plexus Corp. reported record fiscal fourth-quarter net income of $42.6 million on a 23% hike in revenues over last year. For the quarter ended Sept. 30, the EMS firm's sales hit $396.9 million, bringing full year revenues to a record $1.46 billion, a 19% increase over 2005.

For the quarter, net income was up 305%, including a $17.7 million gain due to tax provisions and a $500,000 loss on the adoption of "FIN 47" concerning conditional asset retirement obligations. Non-GAAP quarterly net income was $25.5 million, a company record for the fourth quarter.

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