News
REDMOND, WA – Data I/O Corp. announced the sale of selected patents and patent applications to Leannoux Properties AG for approximately $3.3 million.
The company expects a net gain of approximately $2.1 million, subject to customary closing conditions.
The proposed patents and applications to be sold relate primarily to technology used in Data I/O's Proline RoadRunner line. The company will retain a nonexclusive, royalty-free license.
The agreement includes customary representations and warranties for a transaction of this nature, including without limitation, representations and warranties regarding authority, title and validity.
The sale does not include technology related to the firm's most recent development programs.
Leannoux Properties is an unrelated party with no other material relationship to Data I/O.
The company expects a net gain of approximately $2.1 million, subject to customary closing conditions.
The proposed patents and applications to be sold relate primarily to technology used in Data I/O's Proline RoadRunner line. The company will retain a nonexclusive, royalty-free license.
The agreement includes customary representations and warranties for a transaction of this nature, including without limitation, representations and warranties regarding authority, title and validity.
The sale does not include technology related to the firm's most recent development programs.
Leannoux Properties is an unrelated party with no other material relationship to Data I/O.
VANCOUVER – Moventis Capital announced delays with the completion of its first U.S. GAAP audit of recently acquired EMS provider PTL Electronics Ltd., which is required to file consolidated annual statements for Moventis.
Moventis is working with auditors to complete the audit for its 10-KSB and a review of its 10-QSB for the period ended Sept. 30.
On Oct. 22, the company received an OTCBB Delinquency Notice from FINRA, advising the company of the 30-day grace period under the National Association of Securities Dealers Rule 6530 until Nov. 15.
Moventis has been unable to complete the referenced filing within the grace period, and as such will be removed from trading on the OTCBB until the filings are made current, and a NASD Form 211 is filed with the SEC on its behalf by a NASD market maker or broker/dealer to resume quotation on the OTCBB.
Moventis has identified a NASD market maker for the Form 211 filing for reinstatement with the OTCBB once the flings are completed.
Until such time as the periodic reports are current and the Form 211 has been approved, Moventis' stock will continue to trade on the Pink Sheets under the symbol MVTS.
Moventis is working with auditors to complete the audit for its 10-KSB and a review of its 10-QSB for the period ended Sept. 30.
On Oct. 22, the company received an OTCBB Delinquency Notice from FINRA, advising the company of the 30-day grace period under the National Association of Securities Dealers Rule 6530 until Nov. 15.
Moventis has been unable to complete the referenced filing within the grace period, and as such will be removed from trading on the OTCBB until the filings are made current, and a NASD Form 211 is filed with the SEC on its behalf by a NASD market maker or broker/dealer to resume quotation on the OTCBB.
Moventis has identified a NASD market maker for the Form 211 filing for reinstatement with the OTCBB once the flings are completed.
Until such time as the periodic reports are current and the Form 211 has been approved, Moventis' stock will continue to trade on the Pink Sheets under the symbol MVTS.
VANCOUVER – Dr. Shigeo Shingo, credited with codeveloping TPS, also known as Lean, has published a new book called Kaizen and the Art of Creative Thinking.
In the book, Dr. Shingo reveals how he taught Toyota and other Japanese companies the art of identifying and solving problems.
Six models – the scientific thinking mechanism – are presented. These frameworks permit groups to deconstruct problems and rebuild them into improvement ideas. This concept is said to provide the foundation for any Lean initiative.
Dr. Shingo co-created the Lean concepts with Taiichi Ohno in the 1940s and 1950s while working at the Amano Manufacturing Plant in Yokohama, Japan.
To download a chapter of the book, visit http://www.superfactory.com/articles/Bodek_Kaizen_Creative_Excerpt.htm.
The book is available at www.enna.com.
In the book, Dr. Shingo reveals how he taught Toyota and other Japanese companies the art of identifying and solving problems.
Six models – the scientific thinking mechanism – are presented. These frameworks permit groups to deconstruct problems and rebuild them into improvement ideas. This concept is said to provide the foundation for any Lean initiative.
Dr. Shingo co-created the Lean concepts with Taiichi Ohno in the 1940s and 1950s while working at the Amano Manufacturing Plant in Yokohama, Japan.
To download a chapter of the book, visit http://www.superfactory.com/articles/Bodek_Kaizen_Creative_Excerpt.htm.
The book is available at www.enna.com.
HUIZHOU, CHINA – Foxconn International plans to spend more than $500 million on a new campus in Huizhou that, when up and running, will employ more than 10,000 workers.
PHOENIX – Avnet Electronics Marketing, an operating group of Avnet Inc., reports Tyco Electronics has extended its franchise agreement with Avnet to include all of Europe, Asia Pacific, Japan and India.
The extension of the global franchise agreement focuses on Tyco’s electronic components segment, including connectors and interconnect systems, relays, switches, circuit protection devices, sensors, wires and cable.
The extension of the global franchise agreement focuses on Tyco’s electronic components segment, including connectors and interconnect systems, relays, switches, circuit protection devices, sensors, wires and cable.
These products are used primarily in the automotive, computer, consumer electronics, communication equipment, appliance, aerospace and defense, industrial machinery and instrumentation markets.
CRANSTON, RI – AIM has acquired the right to sell SN100C solder paste and cored wire solder globally, in a deal struck with patent holder Nihon Superior last week. No financial or other terms were announced.
AIM has been formulating flux chemistries for these products for the North America and China markets for more than two years, the company reports. Manufacturing takes place at the company’s manufacturing plants in North America and Shenzhen. Sales and support services are offered worldwide.
AIM has been formulating flux chemistries for these products for the North America and China markets for more than two years, the company reports. Manufacturing takes place at the company’s manufacturing plants in North America and Shenzhen. Sales and support services are offered worldwide.
